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Media Sumner Redstone

  • NEW YORK, Aug 4- Viacom Inc could gain a leg up in negotiations with distributors and ward off declines in U.S. ad revenue and sales by finding a merger partner, analysts said on Friday. Shares of Viacom, which owns MTV and Comedy Central, plunged as much as 13 percent on Friday, a day after it forecast lower sales to U.S. pay-TV companies and streaming video services this...

  • Aug 3- Viacom Inc, the owner of MTV, Comedy Central and Paramount Pictures, forecast a low single-digit dip in sales to U.S. pay-TV companies and streaming video services this quarter, sending its stock down almost 8 percent after hours. The media company beat Wall Street's average estimates for fiscal third-quarter revenue and profit, helped by an unexpectedly...

  • Aug 3- Viacom Inc, the owner of MTV, Comedy Central and Paramount, forecast low single-digit declines in affiliate sales this quarter and said Chinese studio Huahua Media delayed a payment to the company in June, sending its stock down sharply after hours. "As good as the affiliate fee number was in this quarter, it looks really bad in the next quarter," said Brian...

  • 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,...

  • 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.

  • Restone will continue in non-voting role

    CNBC's Julia Boorstin reports the latest on Sumner Redstone and the Viacom board, where Redstone will retain his chairman emeritus title and participate in a non-voting way.

  • Viacom's Redstone to step down from board

    CNBC's Carl Quintanilla reports that Sumner Redstone has announced via a proxy that he will be stepping down from the board of Viacom in February.

  • Sumner Redstone

    Sydney Holland's legal action comes three days after she claimed Redstone paid millions of dollars to multiple women.

  • Sumner Redstone and Sydney Holland in 2014

    Media titan Sumner Redstone gave out many millions of dollars to multiple mistresses, new legal filings claim.

  • Gabelli's big bet media mergers

    Mario Gabelli, GAMCO Investors chairman & CEO, weighs in on the likelihood of a Viacom/CBS merger and why he would like to see Bob Iger run it. Also Gabelli shares his thoughts on the AT&T/Time Warner deal, and the future of News Corp.

  • Sumner Redstone suing ex-girlfriends for $150M

    The media mogul says he was forced to borrow $100-million from the private company that holds his voting shares of CBS and Viacom.

  • Sumner Redstone

    Sumner Redstone sued two ex-girlfriends, alleging he was forced to borrow from the private company that holds his voting shares of CBS and Viacom.