Net News search results for: redstone

• November 11, 2016

  Shari Redstone Talks Viacom-CBS Merger: 'Scale Matters'

  

  VIACOM and CBS CORP. Vice Chair SHARI REDSTONE told the NEW YORK TIMES' DEALBOOK Conference THURSDAY (11/10) that she wasn't in favor of the 2006 split of the companies in the first place and thinks that reuniting them could give the combined … more »

• November 3, 2016

  CBS Stock Price Up As $3.4 Billion Third-Quarter Revenue Beats Expectations

  

  CBS announced its third-quarter financial results TODAY, with its shares earning $1.15, up from 88 cents a year ago and 17 cents more than WALL STREET predicted. Revenue came in at $3.4 billion, beating analyst expectations of $3.34 billion. Last year in … more »

• October 31, 2016

  Viacom Names Robert Bakish Acting CEO

  

  As expected, VIACOM named ROBERT BAKISH Acting CEO, starting NOVEMBER 15th when interim CEO TOM DOOLEY steps down. BAKISH, who was VIACOM INTERNATIONAL MEDIA NETWORKS CEO, will probably hold the job until VIACOM and CBS figure out their re-merger plan, … more »

• October 25, 2016

  Sumner Redstone Sues Ex-Companions For Elder Abuse

  

  The SUMNER REDSTONE saga takes another turn with the VIACOM and CBS CORP. Chairman Emeritus' filing of an elder abuse lawsuit against his former companions. DEADLINE is reporting that REDSTONE filed suit against MANUELA HERZER, SYDNEY HOLLAND, and 10 … more »

• October 6, 2016

  Delaware Court Delays Sumner Redstone Deposition In Viacom Shareholder Suit Until January Hearing

  

  Attorneys for SUMNER REDSTONE TODAY (10/6) won a delay in evidence gathering, including REDSTONE's deposition, in the DELAWARE shareholder lawsuit against VIACOM's renomination of REDSTONE as a director and changes in the board's membership … more »

• September 29, 2016

  Official: Letter From Redstones Asks Viacom, CBS Boards To Consider Merger

  

  As predicted earlier this week (NET NEWS 9/28), SUMNER REDSTONE's NATIONAL AMUSEMENTS has officially asked the boards of VIACOM and CBS CORP. to consider a merger to reunite the companies. REUTERS reports that a letter from REDSTONE and his daughter, … more »

• September 28, 2016

  Report: National Amusements To Push For Viacom-CBS Reunification

  

  The WALL STREET JOURNAL is reporting that SUMNER REDSTONE's NATIONAL AMUSEMENTS is preparing to ask the boards of VIACOM and CBS CORPORATION to consider a merger to reunite the companies. The long-predicted move may come in a letter to be sent to the … more »

• September 7, 2016

  Judge Dismisses 4 Of Manuela Herzer's Claims Vs. Shari Redstone

  

  A LOS ANGELES Superior Court judge TODAY (9/7) threw out four of MANUELA HERZER's claims against VIACOM and CBS CORP. Vice Chair SHARI REDSTONE in the continuing legal battle between former Chairman SUMNER REDSTONE's ex-girlfriend and the … more »

• August 26, 2016

  Deal With Sumner Redstone's Granddaughter Clears Way For Judge's Approval Of Viacom-Dauman Settlement

  

  A deal that settled SUMNER REDSTONE's granddaughter KERYN REDSTONE's concerns has led to the approval by a MASSACHUSETTS judge of the settlement of outgoing CEO PHILIPPE DAUMAN and board member GEORGE ABRAMS' suit against VIACOM. KERYN … more »

• August 22, 2016

  Viacom Finalizes Settlement, Dauman Steps Down

  

  The deal, reported FRIDAY (NET NEWS, 8/19), to settle the VIACOM leadership saga was finalized over the weekend, with the terms being the ones reported last week. In the deal, CEO PHILIPPE DAUMAN is stepping down and will serve as Non-Executive Chairman … more »