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No one would be surprised to see Sumner Redstone, the 86-year-old head of Viacom (NYSE:VIA) and Jeff Bewkes, CEO of Time Warner (NYSE:TWX), wearing disguises to their private meetings in coffee shops around Manhattan. Full Article at 24x7 Wall St.
Judge rules against Michael Redstone over shares of grandfather's National Amusements. On Friday, AOL cut 2,500 jobs ahead of its announced Dec. 9 spin-off from Time Warner. And on Sunday, it previewed a new brand identity: Aol. Not AOL. Full Article at The Wrap
Michael and the trustees of his shares originally filed a suit in 2006 alleging that he had been undercompensated for selling his shares in Redstone's privately held National Amusements back to the company in 1984 for $15 million. Full Article at Los Angeles Times
It was an auspicious occasion, the business titans of the West standing shoulder to shoulder at the dawn of a new century. Full Article at The Telegraph
The only interesting part of this story is that now CBS Films will compete with Paramount films. Look what Sumner Redstone's dunderhead decision to completely separate them into public companies has wrought. Full Article at Deadline Hollywood Daily
Eight decades after pioneering the concept of broadcasting, NBC is on the verge of a startling move that illustrates broadcast television's decline. Full Article at Fresno Bee
Jeffrey Bewkes can't wait for the day when Time Warner is evaluated strictly as a content company. As Sumner Redstone did with Viacom, Bewkes has steered Time Warner into de-consolidation mode in the past few years. Full Article at Variety
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
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
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
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
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
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
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
"I can't say about them but I will definitely retire in one or two years' time," Chandra told a two-day broadcast entertainment convention here, referring to two industry veterans -- media mogul Rupert Murdoch and Viacom's Sumner Redstone. Full Article at New Kerala
G.I. Joe and Optimus Prime helped push Viacom's earnings up 15 percent in the third quarter. Full Article at New York Post
tool goes here NEW YORK — CBS Corp. , the broadcast network controlled by Sumner Redstone, reports its third-quarter earnings Thursday. The following is a summary of key developments and analyst opinion related to the period. Full Article at Centre Daily Times
NEW YORK—CBS Corp. , the broadcast network controlled by Sumner Redstone, reports its third-quarter earnings Thursday. The following is a summary of key developments and analyst opinion related to the period. Full Article at Boston Globe
NEW YORK - CBS Corp. , the broadcast network controlled by Sumner Redstone, reports its third-quarter earnings Thursday. The following is a summary of key developments and analyst opinion related to the period. Full Article at Minneapolis Star Tribune
Sumner Redstone, the company’s executive chairman, said Viacom “is already beginning to reap the benefits of a highly focused and well executed strategy.” “By keeping a sharp eye on costs while continuing to invest in programming,” he said, “Viacom is... Full Article at The Wrap
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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 »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.
View Photo »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...
View Photo »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.
View Photo »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.
View Photo »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.
View Photo »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.
View Photo »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.
View Photo »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.
View Photo »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.
View Photo »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.
View Photo »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.
View Photo »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.
View Photo »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.
View Photo »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.
View Photo »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.
View Photo »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.
View Photo »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.
View Photo »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.
View Photo »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.
View Photo »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.
View Photo »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.
View Photo »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...
View Photo »Viacom chief Sumner Redstone poses at the 2009 MTV Movie Awards in Los Angeles May 31, 2009.
View Photo »Sumner Redstone, Executive Chairman of Viacom Inc. , speaks during "A Conversation With Sumner Redstone: If You Could Live Forever, What Would Life Be Like?" session at the 2009 Milken Institute Global Conference in Beverly Hills,California April 29, 2009.
View Photo »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.
View Photo »I look at the election from what's good for Viacom ... I vote for what's good for Viacom. I vote, today, for Viacom.
This is a smart strategy for Sumner Redstone. He bought time from his banks during the credit crunch by creating an auction process for the theaters ... Since then, the public equity markets have rebounded faster than the credit markets, so he's selling equity to repay debt rather than selling his theat...
I look at the election from what's good for Viacom ... I vote for what's good for Viacom. I vote, today, for Viacom.
I look at the election from what's good for Viacom ... I vote for what's good for Viacom. I vote, today, for Viacom.
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