Net News search results for: redstone

• August 19, 2016

  Deal Reportedly Reached In Viacom Saga, With Philippe Dauman Stepping Down As CEO

  

  A settlement appears to have been reached in the dispute between VIACOM, SUMNER and SHARI REDSTONE, and CEO PHILIPPE DAUMAN, reports BLOOMBERG.  Under the deal, approved by the VIACOM board, DAUMAN will step down as the REDSTONE's have desired, … more »

• August 11, 2016

  Delaware Court Sets Viacom-Redstone Trial For Week Of October 31st

  

  The trial in DELAWARE Chancery Court to determine whether the move by SUMNER REDSTONE's NATIONAL AMUSEMENTS to remove five board members from VIACOM, including CEO PHILIPPE DAUMAN, has been set for the week of OCTOBER 31st, reports DEADLINE. The … more »

• August 4, 2016

  Viacom Revenues Rise In Second Quarter, But Net Earnings Fall Sharply

  

  VIACOM second quarter 2016 revenues rose 2% to $3.1 billion but net earnings fell 27% to $432 million ($1.09 per diluted share). Earnings were hit by a 3% revenue drop in the Media Networks division, offset by a 30% jump for the Filmed Entertainment … more »

• August 3, 2016

  Sumner Redstone's Granddaughter Files Cross-Claim Against Aunt As Viacom-CBS Drama Continues

  

  The battle over VIACOM and SUMNER REDSTONE's trust has entered yet another courtroom phase with the filing of a cross-claim in a MASSACHUSETTS probate court by REDSTONE's granddaughter KERYN REDSTONE supporting VIACOM CEO PHILIPPE DAUMAN against … more »

• July 29, 2016

  Delaware Judge Sets October Trial For Viacom-Redstone Case, Includes Possible Mental Capacity Exam In Discovery

  

  At a hearing FRIDAY in DELAWARE, Judge ANDRE BOUCHARD has set a trial for the week of OCTOBER 17th in the battle between the former Chairman and current controlling stockholder of VIACOM and the board members he removed, and the judge included a medical … more »

• July 18, 2016

  Viacom's Dauman, Dooley Submit 'Reservation Of Rights' Letters In Battle Over Removal

  

  An SEC Form 8-K filed by VIACOM says that Executive Chairman/President/CEO PHILIPPE DAUMAN and Senior EVP/COO THOMAS E. DOOLEY have filed "reservation of rights" letters through their attorneys to the company.   The letters, responding to … more »

• June 24, 2016

  Dauman, Abrams Move For 'Immediate' Mental Evaluation Of Sumner Redstone

  

  In the latest maneuver in the ongoing VIACOM corporate drama, CEO PHILIPPE DAUMAN and director GEORGE ABRAMS have asked a MASSACHUSETTS court to order an immediate mental examination of controlling shareholder SUMNER REDSTONE. The LOS ANGELES TIMES … more »

• June 23, 2016

  Viacom Board Battle Cases On Hold In Delaware Court

  

  A DELAWARE judge has merged the proceedings in dueling lawsuits over the VIACOM board controversy and has set a JULY hearing on whether SUMNER REDSTONE's NATIONAL AMUSEMENTS had the right to remove five members of VIACOM's board, and the board … more »

• June 21, 2016

  Sumner Redstone: Allegations That Daughter Controls His Actions 'Offensive And Untrue'

  

  In an affidavit filed with a MASSACHUSETTS court in the case filed against him by VIACOM CEO PHILIPPE DAUMAN and former board member GEORGE ABRAMS, VIACOM controlling shareholder and former Chairman SUMNER REDSTONE objected to the plaintiff's … more »

• June 16, 2016

  Five Viacom Board Members, Including CEO Philippe Dauman, Ousted By Redstone's National Amusements

  

  SUMNER REDSTONE's NATIONAL AMUSEMENTS, controlling shareholder of VIACOM, has replaced five members of the VIACOM board of directors, including CEO PHILIPPE DAUMAN. The WALL STREET JOURNAL reports that DAUMAN, GEORGE ABRAMS, BLYTHE MCGARVIE, WILLIAM … more »