Media Sumner Redstone

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  • LOS ANGELES— Media mogul Sumner Redstone has appointed new confidantes to entities that control Viacom Inc. and CBS Corp., replacing Viacom CEO Philippe Dauman and lawyer George Abrams, whom he stripped of the roles last week. One of the replacements is Kimberlee Ostheimer, a lawyer and Redstone's oldest granddaughter, who will take a board seat at theater...

  • NEW YORK, May 24- Sumner Redstone, chairman emeritus of Viacom Inc said on Tuesday he has appointed two new trustees to a trust that will determine the direction of the media conglomerate and CBS in the event of his incapacitation or death. The two trustees are executive vice president and general counsel of National Amusements Inc, Redstone's privately held...

  • NEW YORK, May 24- Sumner Redstone, chairman emeritus of Viacom Inc said on Tuesday he has appointed two new trustees to a trust that will determine the direction of the media conglomerate and CBS.

  • Sumner Redstone (L) and Philippe Dauman in 2007.

    Michael Morris, media analyst at Guggenheim, tells CNBC's "Power Lunch" why a shake-up at Viacom could be a good thing.

  • Viacom drama latest, will it be sold?

    The latest on Viacom's drama with Barton Crockett, FBR Capital Markets.

  • On Friday, Sumner Redstone removed both Viacom CEO Philippe Dauman and Viacom board member George Abrams from the trust that will determine the future of CBS and Viacom after controlling shareholder Redstone dies or is declared mentally incapacitated. Sumner Redstone's privately-held movie theater chain National Amusements holds 80 percent of the...

  • Viacom CEO sues over removal from Sumner Redstone's trust

    CNBC's Julia Boorstin reports the latest details behind the war for Viacom.

  • Pro: Viacom needs new management

    Michael Morris, Guggenheim Securities, discusses Viacom's boardroom battle and his neutral rating on the stock.

  • LOS ANGELES— Viacom's embattled chief executive sued Monday to be restored as a director and trustee to entities that control Viacom Inc. and CBS Corp. after a weekend move by media mogul Sumner Redstone stripped him of the positions. Viacom CEO Philippe Dauman and lawyer George Abrams— who was also stripped of identical roles— filed the lawsuit in Norfolk...

  • Redstone asks court to confirm trustee changes

    CNBC's Julia Boorstin reports the latest in the Sumner Redstone battle on controlling Viacom and CBS.

  • May 23- Viacom Inc Chief Executive Philippe Dauman on Monday sued media mogul Sumner Redstone's daughter in a battle to keep his position on a trust that will determine the direction of the media conglomerate and CBS. Dauman's lawsuit is the latest turn in the struggle for control between the CEO and Shari Redstone, who is vice chair of both Viacom and CBS and...

  • Redstone trust changes challenged

    Philippe Dauman is filing suit after his unexpected removal from Redstone's trust, reports CNBC's Julia Boorstin with the latest details on the high stakes drama over the control of Viacom and CBS.

  • Sumner Redstone

    Viacom CEO Philippe Dauman and board member George Abrams filed a suit challenging their removal from the Sumner Redstone National Amusements Trust.

  • New Twists in Redstone Saga

    Recode's editor in chief Dan Frommer and LUMA Partners CEO Terry Kawaja weigh in on the latest battle between Viacom and CBS.

  • May 23- Viacom Inc Chief Executive Philippe Dauman filed a complaint Monday to stop Sumner Redstone from removing him and George Abrams from the media mogul's trust, Dauman and Abrams said in a statement Monday. "Shari Redstone is attempting to illegally hijack her father's well-established estate plan," Dauman said in a statement Monday morning.

  • May 23- Viacom Inc Chief Executive Philippe Dauman filed a complaint Monday morning to stop Sumner Redstone from removing him and George Abrams from the media mogul's trust, Dauman and Abrams said in a statement Monday. The seven-person trust will determine the fate of both Viacom and CBS Corp in the event of Redstone's incapacitation or death.

  • Battle for Viacom

    Viacom CEO Philippe Dauman has been removed from the truth that will eventually determine the fate of both Viacom and CBS, CNBC's David Faber reports.

  • Philippe Dauman and George Abrams file suit

    Viacom CEO Philippe Dauman and Board member George Abrams file suit to block Redstone trust changes, CNBC's David Faber reports.

  • Sumner tosses Dauman as saga escalates

    Edmund Lee, Recode managing editor, discusses the latest drama in the fight for Sumner Redstone's media empire. And CNBC's Julia Boorstin has an update on Shari Redstone.

  • Battle heats up for Redstone's empire

    There was a war of words this weekend in the fight for control of Sumner Redstone's media empire, reports CNBC's Julia Boorstin.