Media Sumner Redstone

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  • July 18- Viacom Inc Chief Executive Philippe Dauman and Chief Operating Officer Thomas Dooley have reserved their legal right to resign "with good reason" in a move to protect tens of millions of dollars in potential severance pay. Under their employment agreements, Dooley could receive more than $30 million in severance compensation and Dauman could receive...

  • July 18- Viacom Inc Chief Executive Philippe Dauman and Chief Operating Officer Thomas Dooley moved to reserve their legal right to resign "with good reason," according to regulatory filings made public on Monday.

  • National Amusements Inc, through which the 93- year-old media mogul owns 80 percent of Viacom, said in a statement that Paramount was "one of Viacom's most valuable assets" and a stake sale "would chill the interest of parties that may be interested in a larger transaction involving all of Viacom." A Viacom spokesman said it was "beyond understanding" that National...

  • National Amusements Inc, through which the 93- year-old media mogul owns 80 percent of Viacom, said in a statement that Paramount was "one of Viacom's most valuable assets" and any short-term benefits of a stake sale would be outweighed by the "negative impact on Viacom's future strategic flexibility to best capitalize on this important asset."

  • National Amusements Inc, through which the 93- year-old media mogul owns 80 percent of Viacom, said in a statement that Paramount was "one of Viacom's most valuable assets" and any short-term benefits of a stake sale would be outweighed by the "negative impact on Viacom's future strategic flexibility to best capitalize on this important asset."

  • SUMNER REDSTONE'S NATIONAL AMUSEMENTS INC SAYS IT OPPOSES VIACOM'S PLANNED SALE OF PARAMOUNT STAKE.

  • July 13- Chinese real estate and entertainment conglomerate Dalian Wanda Group has held talks with Viacom Inc about acquiring a minority stake in its Paramount Pictures unit, according to two people familiar with the situation. Wanda's interest adds new urgency to the deliberations over the future of Paramount, which has become the flashpoint of a bitter row...

  • LOS ANGELES, July 11- An ex-girlfriend of media mogul Sumner Redstone will not be granted a new trial over her lawsuit that challenged the 93- year-old's mental competence, a California judge said in a tentative ruling on Monday. Former companion Manuela Herzer argued that recent developments surrounding Viacom Inc, one of the media companies that Redstone...

  • NEW YORK, July 11- An ex-girlfriend of media mogul Sumner Redstone will not be granted a new trial over her lawsuit that challenged the 93- year-old's mental competence, a California judge said in a tentative ruling on Monday. Former companion Manuela Herzer argued that recent developments surrounding Viacom Inc, one of the media companies that Redstone...

  • NEW YORK, July 11- An ex-girlfriend of media mogul Sumner Redstone will not be granted a new trial over her lawsuit that challenged the 93- year-old's mental competence, a California judge said in a tentative ruling on Monday.

  • CALIFORNIA JUDGE REJECTS NEW TRIAL FOR SUMNER REDSTONE'S EX-GIRLFRIEND- TENTATIVE RULING.

  • July 7- Mario Gabelli, Viacom Inc's second-largest holder of voting shares behind majority owner Sumner Redstone, believes that Chief Executive Philippe Dauman can do nothing to save his job because he cannot win his battle with the Redstone family over control of the media company. Since the Redstones own 80 percent of the voting shares of Viacom and CBS...

  • July 7- Mario Gabelli, Viacom Inc's second-largest holder of voting shares behind Sumner Redstone, said on Thursday that chief executive Philippe Dauman can do nothing to save his job because he can't win his battle with the Redstone family over control of the media company. Dauman contends in court documents that he believes that Redstone is being...

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  • June 30- A Massachusetts judge presiding over a case hinging on Sumner Redstone's mental condition on Thursday peppered attorneys on both sides of the dispute with questions about the 93- year-old media mogul's state of mind and how he communicates with people. Judge George Phelan decided, however, not to hear arguments about whether Redstone should be...

  • NEW YORK, June 29- Investor groups are using the high-profile battle for control of Viacom Inc to rally support for their campaigns against dual-class share structures which give founders and insiders outsized voting rights. Similarly, the Council for Institutional Investors, an influential group of top U.S. pension plans, is using Viacom as a "top talking...

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