NEW YORK -(Dow Jones)- A federal judge dismissed a shareholder lawsuit Tuesday against CBS Corp. (CBS) for allegedly failing to take a goodwill-impairment charge in timely fashion in 2008 in order to personally benefit Viacom Inc. Chairman Sumner Red Full Article at FOX News

A few weeks ago, Katie, her husband Tom Cruise, and Sumner Redstone enjoyed dinner at Tanino’s in Westwood to celebrate Tom’s return to Paramount and the Mission Impossible series. Sumner had fired Tom in 2006 after he jumped on Oprah Winfrey’s couch. Full Article at Just Jared

Redstone has been sharing almost as many meals with Tom Cruise as he has with his girlfriend Christine Peters , and now all three are dining together. The Viacom/CBS boss broke up with Peters shortly before he married Paula Fortunato in 2002, and fired... Full Article at New York Post

Lucas each have $3 billion, tying them at No. 316. Spielberg’s DreamWorks partner David Geffen lands at No. 154 with $5 billion; third partner David Katzenberg didn’t make the list. Tied at No. 400 with $2.4 billion are Oprah Winfrey, Internet and movie... Full Article at Hollywood Reporter

It is nearly March Madness time and if there ever was a sports tournament appropriately named madness, it is the Men’s College Basketball Tournament. Somehow people have been conned into believing that the 65-team event is a seminal moment in sports and Full Article at The Daily Caller

Does mass media take a right-wing line because its audience is older and more conservative? I think mass media takes a Republican line because its in their immediate self-interest to do so. In “What Liberal Media?” Alterman has the following quote from... Full Article at Balloon Juice

The senior moments appear to be catching up to Sumner Redstone. During an interview Monday with CNBC's David Faber, the Viacom and CBS chairman had more than a few mental lapses. At one point in the conversation, for instance, Redstone suggests that fil Full Article at New York Post

In an interview with CNBC's David Faber, Sumner Redstone, the powerful media mogul in charge of National Amusements and controlling stakes in Viacom and CBS, had some words for Rupert Murdoch. The News Corp chairman has been the subject of terse hea Full Article at The Business Insider

Sumner Redstone, the infamous mogul who controls two of the world's best-known media companies Viacom and CBS, was forced to sell significant stock in both those companies last year to pay down debt at National Amusements. , But now, in an interview... Full Article at The Business Insider

Redstone steps up big for the organization's fifth anniversary. Sumner Redstone, one of the world's most prominent and successful media entrepreneurs, donated $1 million dollars to Autism Speaks, the organization announced yesterday. Redstone, who is... Full Article at Tonic

Moonves Signs for 5 More Years at CBS (TVNewser) CBS Corp. has announced that it's extended CEO Les Moonves' contract to 2015. Sumner Redstone, Executive Chairman and Founder of CBS Corp, said, "Leslie is a superb executive who has led CBS to a position... Full Article at mediabistro.com

Michael Wolf, who spent 15 months as chief operating officer of Viacom's MTV Networks, today launches Activate, a consulting firm aimed at developing strategies to help media companies use technology to innovate and grow. Separately, Quincy Smith, who... Full Article at New York Post

The gift has been earmarked for scientific research into causes of autism and effective treatments. The donation represents his biggest contribution to Autism Speaks, which Redstone has supported in the past. “I hope this contribution will inspire... Full Article at Hollywood Reporter

Leslie Moonves, president and CEO of CBS Corporation, has signed a new deal that will keep at the company through 2015, Sumner Redstone, executive chairman of CBS Corporation, announced Wednesday (Feb. 24). The new deal supersedes Moonves' previous... Full Article at Broadcasting & Cable

The agreement supersedes the prior contract, which was to conclude in 2011, and extends his employment with the CBS Corporation through February 22, 2015. "This is, above all, great news for every shareholder of CBS," said Sumner Redstone, Executive... Full Article at mediabistro.com

Leslie Moonves, president and CEO of CBS Corporation, has signed a new deal that will keep at the company through 2015, Sumner Redstone, executive chairman of CBS Corporation, announced Wednesday (Feb. 24). The new deal supersedes Moonves' previous... Full Article at Broadcasting & Cable

CBS also said the contract provides "incentives for Moonves to continue his relationship with the company at the end of the employment term." "This is, above all, great news for every shareholder of CBS," said executive chairman and controlling... Full Article at Hollywood Reporter

24 /PRNewswire-FirstCall/ -- CBS Corporation (NYSE: CBSLeslie Moonves. The agreement supersedes the prior contract, which was to conclude in 2011, and extends his employment with the CBS Corporation through February 22, 2015. "This is, above all, great... Full Article at PR Newswire

The Halcyon Gallery is currently showing the Dylan's paintings based on sketches he made while on the road from 1989 to 1992. Here's a selection of some of the singer's artwork, courtesy of Bobdylan.com. Viacom chairman and founder Sumner Redstone has... Full Article at The Wrap