Shari Redstone has discussed adding new directors to the CBS board as she renews her push to merge the company with Viacom.
Jan 12- Viacom Inc and CBS Corp are not in active merger discussions, although controlling shareholder Shari Redstone has had exploratory conversations with CBS directors about recombining the companies, two sources familiar with the situation told Reuters on Friday. CBS and Viacom are both controlled by ailing Sumner Redstone, 94, and his daughter Shari,...
As Rupert Murdoch moves to sell off wide swaths of his media and entertainment business, he is also throwing into confusion the line of succession.
NEW YORK, Nov 14- Viacom Inc should package 10 percent of its international operations and take it public, Mario Gabelli, chief executive office of GAMCO Investors Inc, said Tuesday at the Reuters Global Investment 2018 Outlook. Gabelli, whose Rye, New York- based firm is the second largest holder of voting shares of Viacom after Sumner Redstone, said he is pleased...
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...
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.
Redstone has sued Sydney Holland and another ex-girlfriend over $150 million in gifts he gave them over the years.
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.
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.
Sydney Holland's legal action comes three days after she claimed Redstone paid millions of dollars to multiple women.
Media titan Sumner Redstone gave out many millions of dollars to multiple mistresses, new legal filings claim.
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.
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 sued two ex-girlfriends, alleging he was forced to borrow from the private company that holds his voting shares of CBS and Viacom.
CNBC's Julia Boorstin reports the latest on the Sumner Redstone saga as he files lawsuits against his ex-girlfriends for alleged "elder abuse."
Les Moonves, the head of CBS, would need assurances on how owner Shari Redstone would vote her shares, Recode reports.
National Amusements is asking Viacom and CBS to consider recombining, reports CNBC's Julia Boorstin.
National Amusements has issued a letter to CBS and Viacom asking them to consider a re-combination, reports Andrew Ross Sorkin.