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Media Sumner Redstone

  • Shari Redstone: Content valued more highly than ever before

    CNBC's Julia Boorstin provides highlights from this year's Code Conference where CBS & Viacom Vice-Chair Shari Redstone commented on the future of Viacom and the potential of new digital content. And Time Warner's Jeff Bewkes weighs in on the tech-content connection.

  • Asked at the annual CBS shareholder meeting in New York if it would revisit a merger with Viacom, Lawrence Tu, senior executive vice president and chief legal officer, said CBS was focusing on its current strategy that includes diversifying its revenue stream. Shares of CBS rose $1.37, or 2.3 percent, to $61.75. National Amusements Inc, the privately held movie...

  • May 19- CBS Chief Executive Officer Leslie Moonves told shareholders on Friday he believes shares of Viacom, which the network considered merging with last year, are undervalued. National Amusements Inc, the privately held movie theater company through which media mogul Sumner Redstone and his daughter Shari control the majority of voting shares of CBS and...

  • Gianopulos, 65, replaces Brad Grey, who stepped down as chief executive officer and chairman of Paramount last month, after 12 years in the job. Gianopulos, who will report directly to Viacom Chief Executive Officer Bob Bakish, will be in charge of charting a new strategy for Paramount which includes developing new content and expanding the studio globally.

  • Gianopulos replaces Brad Grey, who stepped down as chief executive and chairman of Paramount last month, after 12 years in the job.. Gianopulos, who will report directly to Viacom Chief Executive Bob Bakish, will be in charge of charting a new strategy for Paramount which includes developing new content and expanding the studio globally. Under his strategy,...

  • March 26- Shares of Viacom Inc could rise 40 percent in the next year as the New York- based media company's new CEO Bob Bakish focuses on its Paramount Pictures studio and a handful of its networks to turn the business around, according to Barron's. Viacom, which is controlled by 93 year-old media mogul Sumner Redstone and his daughter Shari Redstone, has been...

  • March 8- Viacom Inc is in talks with former Twentieth Century Fox Chairman Jim Gianopulos to lead its Paramount Pictures film studio, the Wall Street Journal reported. Viacom, which has struggled with declining domestic advertising revenue and poor ratings, said last month that it would focus on its Paramount movie studio and five of its cable television...

  • March 8- Viacom Inc is in talks with former Twentieth Century Fox Chairman Jim Gianopulos to lead its Paramount Pictures film studio, the Wall Street Journal reported. Viacom, which has struggled with declining domestic advertising revenue and poor ratings, said last month that it would focus on its Paramount movie studio and five of its cable television...

  • The battle began when Dauman, who resigned in August, proposed selling a stake in Paramount against Redstone's wishes. Last month, Grey helped to arrange a deal for two Chinese film companies, Shanghai Film Group and Huahua Media, to invest $1 billion in Paramount, giving the studio much-needed cash and support as it attempts to grow. During his tenure at Paramount,...

  • Viacom Chief Executive Bob Bakish will work with an interim management team at Paramount, according to one of the sources. Paramount was at the center of a bruising power struggle between Viacom's controlling shareholder, Sumner Redstone, and his daughter, Shari, and Viacom's former chief executive, Philippe Dauman. Last month, Grey helped to arrange a deal for...

  • Feb 9- Viacom Inc will focus on five of its cable television brands and the Paramount movie studio, license less content to video streaming companies and consider selling assets as part of a turnaround plan, it said on Thursday. The New York- based media company, which has struggled with declining domestic advertising revenue and poor ratings, also reported...

  • The company is giving top priority to its BET, Comedy Central, MTV, Nickelodeon and Nick Jr channels and its Paramount film studio, it said in its earnings release. The former head of Viacom's international business took over as permanent CEO in December after the Redstone family stopped exploring a merger of the company and CBS. Sumner Redstone and his family own...

  • Feb 9- Viacom Inc, the owner of MTV, Comedy Central and Nickelodeon, presented a plan on Thursday to turn around its business, focusing on six of its brands as it reported higher-than-expected quarterly earnings and revenue. The company is giving top priority to its BET, Comedy Central, MTV, Nickelodeon and Nick Jr channels and its Paramount film studio, it said in its...

  • Feb 9- Viacom Inc, the owner of MTV, Comedy Central and Nickelodeon, presented a plan on Thursday to turn around its business, focusing on six of its brands amid a continued decline in U.S. ad sales. The company is giving top priority to its BET, Comedy Central, MTV, Nickelodeon and Nick Jr channels and its Paramount film studio, it said in its quarterly earnings release.

  • Feb 9- Viacom Inc, the owner of MTV, Comedy Central and Nickelodeon, reported a better-than-expected quarterly profit, helped by growth in its domestic affiliate and theatrical revenues. Viacom's results come as its new CEO, Bob Bakish, is focused on turning around the business after years of falling domestic ad revenues and poor ratings as younger viewers...

  • Bakish is focused on fixing the MTV channel and Paramount Pictures film studio, he said during Viacom's annual meeting in New York. MTV has been struggling with poor ratings as younger viewers increasingly watch content online, while Paramount has suffered from a poor couple of years of film releases. Controlling shareholders Sumner and Shari Redstone were...

  • Jan 19- Viacom Inc's Paramount Pictures has reached a deal for a $1 billion cash investment from two Chinese film companies, Shanghai Film Group and Huahua Media, the companies said on Thursday. As part of the agreement, Shanghai Film Group and Huahua Media will finance a combined 25 percent of all Paramount's films for the next three years, with the option to...

  • Sumner Redstone and girlfriend Sydney Holland arrive at the Friendly House Los Angeles awards luncheon at The Beverly Hilton Hotel on Oct. 26, 2013.

    Redstone has sued Sydney Holland and another ex-girlfriend over $150 million in gifts he gave them over the years.

  • Jan 5- Viacom Inc on Thursday named Sarah Levy, the chief operating officer of its Nickelodeon network, COO of its global entertainment group, as new Chief Executive Bob Bakish seeks to turn around the ailing media company. Viacom is also set to make a handful of executive cuts in its music and entertainment group, which includes cable networks Comedy Central and...

  • Viacom is expected to promote Sarah Kirshbaum Levy, the chief operating officer of its Nickelodeon network, to COO of its global entertainment group, the sources said. Additionally, Viacom is set to make a handful of executive cuts in its music and entertainment group, which includes cable networks Comedy Central and MTV and had been led by 25- year veteran Doug...