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Nov. 9 (Bloomberg) -- Walt Disney Co.’s planned theme park in Shanghai will do little to help open China’s media industry to overseas companies as the communist government restricts films, television and the Internet, analysts said. Full Article at Bloomberg.com
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CBS Corp. executive chairman Sumner Redstone got his company’s third-quarter earnings call off to a portentous start, telling investors, “the light at the end of the tunnel continues each day to get brighter.” In past quarters, that beam would have... Full Article at MediaWeek
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LOS ANGELES, CA - JUNE 22: CEO of Viacom Sumner Redstone (L) and CEO of Paramount Studios Brad Grey arrive at the premiere of Dreamworks' 'Transformers: Revenge Of The Fallen' held at Mann Village Theatre on June 22, 2009 in Los Angeles, California. View Photo »
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LOS ANGELES (AP) - The sale of popular TV shows partly offset a drop in third-quarter advertising revenue at CBS Corp. but the company said ad trends are improving in the final three months of the year. Full Article at KIVITV.com
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LOS ANGELES - The sale of popular TV shows partly offset a drop in third-quarter advertising revenue at CBS Corp. but the company said ad trends are improving in the final three months of the year. Full Article at Canoe
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LOS ANGELES The sale of popular TV shows partly offset a drop in third-quarter advertising revenue at CBS Corp. but the company said ad trends are improving in the final three months of the year. Full Article at San Diego Union-Tribune
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LOS ANGELES, CA - JUNE 22: (L-R) Director Michael Bay, CEO of Viacom Sumner Redstone, and CEO of Paramount Studios Brad Grey arrive at the premiere of Dreamworks' 'Transformers: Revenge Of The Fallen' held at Mann Village Theatre on June 22, 2009 in Los... View Photo »
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The broadcast network operator says sales of popular shows to other networks and higher subscription fees for pay-TV service Showtime helped overcome an advertising downturn. Full Article at Fresno Bee
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In September, the research firm Audit Integrity released a study identifying the 20 publicly traded U.S. companies valued at more than $1 billion that were at greatest risk to declare bankruptcy in the next 12 months. Full Article at Backstage
About Sumner Redstone
Wikipedia
Sumner Murray Redstone (born Sumner Murray Rothstein; May 27, 1923) is majority owner and Chairman of the Board of the National Amusements theater chain. Full Article
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LOS ANGELES, CA - JUNE 22: CEO of Viacom Sumner Redstone (L) and CEO of Paramount Studios Brad Grey arrive at the premiere of Dreamworks' 'Transformers: Revenge Of The Fallen' held at Mann Village Theatre on June 22, 2009 in Los Angeles, California.
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LOS ANGELES, CA - JUNE 22: (L-R) Director Michael Bay, CEO of Viacom Sumner Redstone, and CEO of Paramount Studios Brad Grey arrive at the premiere of Dreamworks' 'Transformers: Revenge Of The Fallen' held at Mann Village Theatre on June 22, 2009 in Los Angeles, California.
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CULVER CITY, CA - JUNE 11: (L-R) Actor Michael Douglas (recipient of the Life Achievement In Motion Pictures and Television award), wife Catherine Zeta-Jones and Viacom's Sumner Redstone at the AFI Lifetime Achievement Award: A Tribute to Michael Douglas award presentation held at Sony...
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CULVER CITY, CA - JUNE 11: Viacom's Sumner Redstone, actress Catherine Zeta-Jones and actor Michael Douglas arrive at the AFI Life Achievement Awards: A Tribute to Michael Douglas at Sony Pictures Studios on June 11, 2009 in Culver City, California.
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CULVER CITY, CA - JUNE 11: Viacom's Sumner Redstone, actress Catherine Zeta-Jones and actor Michael Douglas arrives at AFI Lifetime Achievement Award: A Tribute to Michael Douglas held at Sony Pictures Studios on June 11, 2009 in Culver City, California.
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CULVER CITY, CA - JUNE 11: Viacom's Sumner Redstone, actress Catherine Zeta-Jones and actor Michael Douglas arrives at AFI Lifetime Achievement Award: A Tribute to Michael Douglas held at Sony Pictures Studios on June 11, 2009 in Culver City, California.
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CULVER CITY, CA - JUNE 11: Viacom's Sumner Redstone, actress Catherine Zeta-Jones and actor Michael Douglas arrives at AFI Lifetime Achievement Award: A Tribute to Michael Douglas held at Sony Pictures Studios on June 11, 2009 in Culver City, California.
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NEW YORK - JUNE 07: CEO of Viacom Summer Redstone attends the 63rd Annual Tony Awards at Radio City Music Hall on June 7, 2009 in New York City.
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NEW YORK - JUNE 07: CEO of Viacom Summer Redstone attends the 63rd Annual Tony Awards at Radio City Music Hall on June 7, 2009 in New York City.
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Viacom chief Sumner Redstone (R) poses with his grandson Brandon Korff and Korff's girlfriend Tamara at the 2009 MTV Movie Awards in Los Angeles May 31, 2009.
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Director J.J. Abrams, left, Viacom CEO Sumner Redstone, center, and Paramount Pictures Chairman Brad Grey pose together at the premiere of "Star Trek" in Los Angeles on Thursday, April 30, 2009.
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HOLLYWOOD - APRIL 30: (L-R) Viacom Chairman and CEO Sumner Redstone, director/producer J.J. Abrams and CEO of Paramount Pictures Brad Grey arrive on the red carpet of the Los Angeles premiere of 'Star Trek' at the Grauman's Chinese Theatre on April 30, 2009 in Hollywood, California.
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HOLLYWOOD - APRIL 30: Viacom Chairman and CEO Sumner Redstone arrives on the red carpet of the Los Angeles premiere of 'Star Trek' at the Grauman's Chinese Theatre on April 30, 2009 in Hollywood, California.
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HOLLYWOOD - APRIL 30: (L-R) Viacom Chairman and CEO Sumner Redstone, CEO of Paramount Pictures Brad Grey and actor Zachary Quinto arrive on the red carpet of the Los Angeles premiere of 'Star Trek' at the Grauman's Chinese Theatre on April 30, 2009 in Hollywood, California.
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HOLLYWOOD - APRIL 30: (L-R) Actress Zoe Saldana and Viacom Chairman and CEO Sumner Redstone arrive on the red carpet of the Los Angeles premiere of 'Star Trek' at the Grauman's Chinese Theatre on April 30, 2009 in Hollywood, California.
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HOLLYWOOD - APRIL 30: (L-R) Viacom Chairman and CEO Sumner Redstone, CEO of Paramount Pictures Brad Grey and actor Chris Pine arrive on the red carpet of the Los Angeles premiere of 'Star Trek' at the Grauman's Chinese Theatre on April 30, 2009 in Hollywood, California.
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HOLLYWOOD - APRIL 30: (L-R) CEO of Paramount Pictures Brad Grey, Paramount's John Lesher and Viacom Chairman and CEO Sumner Redstone arrive on the red carpet of the Los Angeles premiere of 'Star Trek' at the Grauman's Chinese Theatre on April 30, 2009 in Hollywood, California.
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HOLLYWOOD - APRIL 30: (L-R) Actress Winona Ryder and Viacom Chairman and CEO Sumner Redstone arrive on the red carpet of the Los Angeles premiere of 'Star Trek' at the Grauman's Chinese Theatre on April 30, 2009 in Hollywood, California.
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HOLLYWOOD - APRIL 30: (L-R) Actor Simon Pegg and Viacom Chairman and CEO Sumner Redstone arrive on the red carpet of the Los Angeles premiere of 'Star Trek' at the Grauman's Chinese Theatre on April 30, 2009 in Hollywood, California.
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LOS ANGELES, CA - FEBRUARY 22: Sumner Redstone and guest arrive at the 81st Annual Academy Awards held at Kodak Theatre on February 22, 2009 in Los Angeles, California.
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LOS ANGELES, CA - FEBRUARY 22: Sumner Redstone and guest arrive at the 81st Annual Academy Awards held at Kodak Theatre on February 22, 2009 in Los Angeles, California.
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LOS ANGELES, CA - JANUARY 16: Viacom's Sumner Redstone and actor Morgan Freeman pose at Plan!t Now's gala benefit dinner at the Four Seasons Hotel on January 16, 2009 in Los Angeles, California.
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WESTWOOD, CA - DECEMBER 08: Producers Frank Marshall, Kathleen Kennedy, Viacom Chairman and CEO Sumner Redstone and CEO of Paramount Pictures Brad Grey arrive at the premiere of Paramount's 'The Curious Case Of Benjamin Button' held at Mann's Village Theatre on Decemeber 8, 2008 in Wes...
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NEW YORK - NOVEMBER 10: Viacom Chairman and CEO Sumner Redstone is interviewed at the National Breast Cancer Coalition's annual gala at Cipriani on November 10, 2008 in New York City.
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NEW YORK - NOVEMBER 10: Viacom Chairman and CEO Sumner Redstone attends the National Breast Cancer Coalition's annual gala at Cipriani on November 10, 2008 in New York City.
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LOS ANGELES, CA - JUNE 22: (L-R) Director Michael Bay, CEO of Viacom Sumner Redstone, and CEO of Paramount Studios Brad Grey arrive at the premiere of Dreamworks' 'Transformers: Revenge Of The Fallen' held at Mann Village Theatre on June 22, 2009 in Los Angeles, California.
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