Media Sumner Redstone

  • Moonves, who turned CBS from an aging radio and TV broadcaster into a successful provider of shows to digital platforms, had been expected to reap an estimated $100 million in severance. CBS said in a regulatory filing that it and Moonves in addition would donate $20 million to organizations supporting the# MeToo movement. Moonves, the top executive at CBS since...

  • Moonves, who turned CBS from an aging radio and TV broadcaster into a successful provider of shows to digital platforms, had been expected to reap an estimated $100 million in severance. CBS said in a regulatory filing that it and Moonves in addition would donate $20 million to organizations supporting the# MeToo movement. Moonves, the top executive at CBS since...

  • Leslie 'Les' Moonves, president and chief executive officer of CBS Corp., listens during the annual Milken Institute Global Conference in Beverly Hills , California.

    CNBC's David Faber has learned that CBS' board is deep in settlement talks with CEO Les Moonves that would result in his departure and the appointment of COO Joe Ianniello as his interim replacement.

  • "Given the success of' Mission: Impossible- Fallout', we expect September quarter to be the third consecutive quarter of profitability for Paramount," Chief Financial Officer Wade Davis said on a post-earnings call. Since taking the helm in 2016, Bakish has focused on Paramount and the company's cable TV business, which like its peers has been losing subscribers...

  • A person exits the Viacom offices in New York.

    Viacom reported a drop in revenue due to declining domestic advertising sales and fees it collects from cable TV operators.

  • National Amusements Inc, the Redstone family's holding company, and CBS are in the midst of a high-stakes legal dispute over control of the company and its potential merger with Viacom Inc, also majority-owned by NAI. Shari Redstone, the daughter of Sumner, has pushed to combine Viacom with CBS. "We are very pleased with the court's ruling today, which will now allow...

  • At the start of an analysts conference call on CBS earnings that was also broadcast on business television network CNBC, the company said it would not take questions about Moonves' reported behavior or its legal battle with majority shareholder Shari Redstone over control of the U.S. media group. Shares of CBS were little changed after the close of regular...

  • At the start of an analysts conference call on CBS earnings that was also broadcast on business television CNBC, the company said it would not take questions about Moonves' reported behavior or its legal battle with majority shareholder Shari Redstone over control of the U.S. media group. Shares of CBS were little changed after the close of regular trading on...

  • Moonves, 68, is one of the global media industry's highest-paid executives and could receive a severance package of more than $180 million based on his contract and the terms of his departure, according to CBS filings with the U.S. Securities and Exchange Commission. Moonves, who joined CBS in 1995 and has been CEO since 2006, has said that he "may have made some...

  • Moonves, 68, is one of the global media industry's highest-paid executives and could receive a severance package of more than $180 million based on his contract and the terms of his departure, according to CBS filings with the U.S. Securities and Exchange Commission. CBS's lack of immediate action against Moonves was a "slap in the face to the brave women who came...

  • July 30- CBS Corp's board on Monday took no immediate action over allegations of sexual misconduct by Chief Executive Leslie Moonves but said it was in the process of selecting an outside counsel to lead an independent investigation into the matter. Moonves is locked in a battle over control of CBS with the company's largest shareholder, National Amusements...

  • Les Moonves

    Moonves has been embroiled in a public dispute with principal owner National Amusements Inc., whose president, Shari Redstone, is on the CBS board. 

  • The allegations come as Moonves is embroiled in a legal battle over control of CBS with the company's largest shareholder, National Amusements Inc, owned by Shari Redstone and her father Sumner, who also control media company Viacom Inc. CBS said on Friday it would investigate accusations against Moonves, 68, made by six women in a New Yorker magazine article...

  • "Upon the conclusion of that investigation, which involves recently reported allegations that go back several decades, the board will promptly review the findings and take appropriate action," CBS said in a statement. The allegations come as Moonves is locked in a battle over control of CBS with the company's largest shareholder, National Amusements Inc, owned...

  • "Upon the conclusion of that investigation, which involves recently reported allegations that go back several decades, the board will promptly review the findings and take appropriate action," CBS said in a statement. The allegations come as Moonves is locked in a battle over control of CBS with the company's largest shareholder, National Amusements Inc, owned...

  • Leslie Moonves, Chairman and CEO of CBS Corporation (l) and Shari Redstone Vice Chairperson of Viacom.

    A demand letter sent last year by Moonves to Redstone is playing out in the boardroom battle, says the New Yorker columnist and best-selling author.

  • Leslie Moonves, Chairman and CEO of CBS Corporation (l) and Shari Redstone Vice Chairperson of Viacom.

    A Delaware judge ruled in favor of National Amusements' bid to challenge a voting control plan.

  • CBS, which is in tough merger talks with Viacom Inc, topped revenue and profit estimates on Thursday.

  • A person exits the Viacom offices in New York.

    Viacom has asked CBS to sweeten its merger bid by about $2.8 billion or almost a quarter more than CBS's offer, people familiar with the matter said.

  • CBS, Viacom talks hit potential roadblock

    CNBC's David Faber reports the latest on the potential deal between CBS and Viacom.