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Wednesday, Aug. 12, 2020
Sumner Redstone, who built a media empire from his family's drive-in movie chain, has died. He was 97.
ViacomCBS Inc., which he led for decades, remembered Redstone for his "unparalleled passion to win, his endless intellectual curiosity, and his complete dedication to the company."...
Monday, Dec. 12, 2016
Media mogul Sumner Redstone's National Amusements is abandoning a proposal that CBS and Viacom reunite after a 10 year split.
The news comes as Viacom named acting CEO Bob Bakish as its permanent head.
National Amusements, which owns most of the voting shares of the two companies,...
Thursday, Sep. 29, 2016
Media mogul Sumner Redstone is pushing for a reunion between CBS and Viacom, more than a decade after they went their separate ways.
National Amusements, which owns most of the voting shares of the two companies, sent a letter to CBS and Viacom board members Thursday saying that a tie-up...
Friday, Aug. 19, 2016
The messy legal battle over Sumner Redstone's media empire appears to have come to an end.
According to an internal memo provided by Viacom on Friday, CEO Philippe Dauman will step down, making Thomas E. Dooley, currently chief operating officer, acting chief executive. The move is part...
Thursday, Jun. 16, 2016
Viacom CEO Philippe Dauman may not have much time left at the entertainment conglomerate.
National Amusements, the theater company through which Sumner Redstone controls both Viacom and CBS, said Thursday that it has replaced Dauman and four other directors on Viacom's 11-member board....
Tuesday, Jun. 7, 2016
A battery of lawyers argued in court Tuesday over whether media mogul Sumner Redstone had the mental competence to remove two trustees of entities that control Viacom Inc. and CBS Corp.
Twenty-two lawyers descended on a probate court in Canton to spar over whether the 93-year-old Redstone...
Monday, Jun. 6, 2016
In a move that further undermines Viacom CEO Philippe Dauman, the company's controlling shareholder said Monday it amended Viacom's bylaws to require unanimous board approval for any full or partial sale of movie studio Paramount Pictures.
The action further consolidates control in the...
Monday, May. 9, 2016
A judge on Friday dismissed a case challenging the mental competency of Sumner Redstone, saying testimony from the media mogul that he wanted his former girlfriend out of his life was convincing.
Los Angeles Superior Court Judge David J. Cowan said Redstone clearly stated his intentions....
Thursday, Feb. 4, 2016
Aging media mogul Sumner Redstone stepped down as executive chairman of Viacom on Thursday and was replaced by CEO Philippe Dauman, a move that immediately disappointed investors.
Although the decision mimicked one at sister company CBS, Thursday's...
Wednesday, Feb. 3, 2016
Sumner Redstone, the ailing 92-year-old media mogul who controls TV and movie powerhouses CBS and Viacom, has stepped down as executive chairman of CBS amid a courtroom battle over his health and mental capacity. CBS Chief Executive Leslie Moonves will replace him...