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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....
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...
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...