Sumner Redstone

The owner and chairman of National Amusements died Tuesday. The Man: At 97 years old, Sumner Redstone had built an impressive dynasty founded on CBS Corporation and Viacom, whose assets include the BET Networks, MTV and Paramount Pictures. "Over the course of his distinguished life...

The new $25 billion media empire that emerged from the remarriage of CBS and Viacom began trading Thursday, but questions remain about how the combined company will compete in an increasingly crowded landscape of companies beaming content into America's homes and phones. CBS and Viacom...

CBS Corporation (NYSE: CBS) and Viacom Inc (NASDAQ: VIAB) announced Tuesday afternoon they're merging, reuniting the entertainment companies that split more than a decade ago as they seek to compete in a world changing how it watches TV and movies. What Happened The merger, which follows months...

CBS Corporation (NYSE: CBS) and Viacom Inc (NASDAQ: VIAB) are close to a merger deal that would value Viacom below its most recent closing price, Reuters reported Monday. Shares of both media companies were trading down after the report, which cited unnamed sources in saying Viacom shareholders...

Former CBS Corporation (NYSE: CBS) CEO Les Moonves won't receive any of the $120 million severance package he was granted after the TV network's board of directors concluded it had grounds to terminate Moonves. What Happened Moonves resigned in September after sexual misconduct allegations...

Macquarie Research analysts never recommended owning Viacom, Inc. (NASDAQ: VIAB)'s stock, but the firm is taking a "tougher stance" against the company in 2018 — and the entire ad-supported media sector. The Analyst Macquarie Research's Tim Nollen downgraded Viacom ...

Brean Capital believes CBS Corporation (NYSE: CBS) is “extraordinarily well positioned” to benefit from potential wave of consolidation in the media industry despite its merger talks with Viacom, Inc. (NASDAQ: VIAB) not having materialized. Positives The factors favoring CBS include:...

Redstone-family-controlled National Amusements announced its decision to end efforts to merge Viacom, Inc. (NASDAQ: VIAB) and CBS Corporation (NYSE: CBS). “It is now apparent that Shari Redstone (and many investors) are impressed with new CEO Bob Bakish,” Wunderlich’s Matthew...

Investors hoping for a merger between CBS Corporation (NYSE: CBS) and Viacom, Inc. (NASDAQ: VIAB) were likely disappointed on Monday following reports that the merger talks have ended. Sumner Redstone and his daughter Shari Redstone control National Amusements, a holding company that owns a...

Veterans are known for their discipline, efficiency and crisis management. Therefore, it logically follows that corporations give them top posts, incorporating those qualities in their organizations and business models. Another key reason for hiring veterans for CEO positions is they tend to make...

Shari Redstone, daughter of the ailing 93-year-old Sumner Redstone, is now in control of her father's media empire, Viacom, Inc. (NASDAQ: VIA) (NASDAQ: VIAB) and will soon need to decide how to proceed. According to a report by Bloomberg, Shari Redstone is considering a move to recombine Viacom...

David W. Miller, Managing Director of Loop Capital Markets, discussed in a report Friday the likelihood sale of minority stake of Viacom, Inc.'s (NASDAQ: VIAB) Paramount Pictures unit. Viacom said in late February it's looking into selling a minority stake in Paramount, but part of any...

Sumner Redstone's plan to change five board members at Viacom, Inc. (NASDAQ: VIAB) has been put on hold by the Delaware Court. Until the mental competency of 93-year-old Redstone is determined, any decisions regarding the makeup of the board will be postponed, according to a Wall Street Journal...

Wunderlich’s Matthew Harrigan believes the expected ouster of five of Viacom, Inc.’s (NASDAQ: VIAB) board members, including CEO Phillippe Dauman, by controlling shareholder Sumner Redstone is likely to be accepted in the Delaware Courts. Harrigan maintains a Buy rating on the company, with a price...

In this corner, we have Shari Redstone, who Wednesday the NY Post reported has been in contact with Alibaba Group Holding Ltd (NYSE: BABA) founder Jack Ma in connection with the sale of Paramount Pictures, a holding of Viacom, Inc. (NASDAQ: VIAB). Related Link: What's Going On With CBS, Viacom And...