Sumner Redstone May Sell CBS, Possibly No Longer Billionaire
Sumner Redstone, the controlling shareholder of CBS and Viacom, saw both those stocks hit five-year lows last week, further exacerbating what has alre...
Sumner Redstone, the controlling shareholder of CBS and Viacom, saw both those stocks hit five-year lows last week, further exacerbating what has alre...
Huffington Post | Danny Shea | Posted 12.20.2008 | Media
Wall Street's rough Wednesday, which saw the Dow Jones industrial average dip below 8,000 for the first time in five years, was particularly felt amon...
Shelly Palmer | Posted 12.05.2008 | Media
Google and Yahoo will narrow the focus of their search ads deal in order to win approval from the Department of Justice. The revised plans have a tw...
Silicon Alley Insider | Posted 11.23.2008 | Business
But he may still have to sell them. This will create an overhang that won't do wonders for their already demolished stock prices. CNBC's Charlie Gasp...
Art Brodsky | Posted 11.16.2008 | Media
From my day job at Public Knowledge, we welcome the McCain campaign to the world as controlled by big media companies.
Los Angeles Times | Meg James | Posted 11.11.2008 | Business
Billionaire Sumner Redstone got caught in the credit crunch Friday. The 85-year-old mogul, who has long bragged about his financial savvy and competi...
New York Times | Tim Arango and Andrew Ross Sorkin | Posted 07.18.2008 | Media
SUN VALLEY, Idaho -- Sumner M. Redstone, the chairman and controlling shareholder of Viacom and CBS, is usually a ubiquitous figure here at the invest...
Jerry Weinstein | Posted 07.17.2008 | Media
While judge Stanton declined Viacom's request for YouTube's proprietary code, he ordered Google to provide Viacom with userIDs and IP addresses (for unregistered users) as well as three terabytes of video.
Silicon Alley Insider | Peter Kafka | Posted 07.17.2008 | Business
YouTube will generate about $200 million of revenue this year,* say two WSJ sources, short of Google's expectations. Chief salesman Tim Armstrong is ...
Bloomberg.com | Subramaniam Sharma and Joseph Galante | Posted 06.26.2008 | Business
Steven Spielberg and Indian billionaire Anil Ambani are close to forming a venture that may help the movie director's DreamWorks SKG team exit from Vi...
Silicon Alley Insider | Peter Kafka | Posted 06.18.2008 | Media
A big pick-up for Hulu: Viacom is letting it re-run entire episodes of its two most popular (and best) shows: The Daily Show and The Colbert Report. ...
AP | Posted 05.14.2008 | Entertainment
SEOUL, South Korea — Entertainment mogul Sumner Redstone said Tuesday he has no objection to Tom Cruise starring in the next segment of the popu...
Los Angeles Times | Meg James | Posted 04.27.2008 | Business
All chief executives are not equal in media mogul Sumner Redstone's empire, at least when it comes to what they are paid. Viacom Chief Executive Phil...
AP | Seth Sutel | Posted 03.28.2008 | Business
MTV owner Viacom Inc. reported a 16 percent gain in fourth quarter earnings Thursday and said its advertising business hadn't been hurt by the slowdow...
Bloomberg | Greg Miles and Andy Fixmer | Posted 03.28.2008 | Business
Viacom Inc. Chief Executive Officer Philippe Dauman said the owner of MTV Networks and the Paramount film studio is ``recession-resistant'' and met a ...
Reuters | Kenneth Li | Posted 03.28.2008 | Media
Viacom Inc's (VIAb.N) MTV and award-winning television and film producer Jerry Bruckheimer will launch a video game development studio, marrying Holly...
Portfolio | Jeff Bercovici | Posted 03.28.2008 | Business
If Sumner Redstone thinks Tom Freston is still kicking himself for not snapping up MySpace when he had the chance, he's in for some disappointment. A...
AP | Erin Carlson | Posted 03.28.2008 | Business
The next batch of painful "Jackass" stunts is coming to a computer screen near you. The first two films -- spun off from the former MTV series -- co-...
Silicon Alley Insider | Peter Kafka | Posted 03.28.2008 | Media
Hey Viacom freelancers! You got something out of your rabble-rousing, after all! Viacom has just sent out a memo that undoes at least one of the chang...
Silicon Alley Insider | Peter Kafka | Posted 03.28.2008 | Media
Viacom's large freelance contingent are justifiably angry about the company's decision to whack away at their benefits. The bravest among them are pla...
New York Observer | Felix Gillette | Posted 03.28.2008 | Media
Employees at Viacom's MTV Networks (which includes, in part, MTV, VH1, Nickelodeon, Comedy Central, Logo, and Spike) are threatening a walkout on Mond...
Silicon Valley Insider | Peter Kafka | Posted 03.28.2008 | Business
News Corp.'s (NWS) 20th Century Fox studio is talking with Apple (AAPL) about selling its movies through iTunes, reports Pali Capital's Rich Greenfiel...
New York Post | Peter Lauria | Posted 03.28.2008 | Business
All the chatter about Paramount Pictures CEO Brad Grey getting fired - which was all anyone in Hollywood could talk about during the former talent age...
Vanity Fair | Bryan Burrough | Posted 03.28.2008 | Business
There was a time, not long after Sumner Redstone came to Southern California four years ago, when the world must have seemed rosy and new and full of ...
New York Times | Felicia R. Lee | Posted 03.28.2008 | Media
Wearing white T-shirts with red stop signs and chanting "BET does not reflect me, MTV does not reflect me," protesters have been gathering every Satur...
Huffington Post | Posted 12.26.2008 | Media