Search Results for: viacom

By Jewish Business News Correspondent On Monday, September 14th, 2020

ViacomCBS Sells CNET For $500 Million

CNET Media Groups will be sold to Red Ventures by Viacom CBS for $500 million. Shari Redstone currently serves as chairman of ViacomCBS. CBS acquired CNET in 2008 for $1.8 billion. So this means a pretty big loss More...

By Jewish Business News On Thursday, January 12th, 2017

Viacom Acquires Minority Stake in Israeli TV Company Ananey

Viacom International Media Networks (VIMN), a Viacom, unit has acquired a minority stake in Ananey Communications Group, an Israeli pay TV channel provider and content producer. Financial terms and the size More...

Sumner Redstone
By Gil Tanenbaum On Saturday, December 17th, 2016

Sumner Redstone Is Stepping Down From Viacom Board

  Sumner Redstone announced that he will be stepping down from Viacom’s board of directors. The move will come after the entertainment’ company’s upcoming board meeting in February. His retirement More...

By Gil Tanenbaum On Monday, December 12th, 2016

Breaking: Sumner Redstone Pulls CBS Viacom Merger Proposal — Shares Plummet

Sumner Redstone and his daughter Shari Redstone have made the surprise move to halt the proposed merger of Viacom and CBS. The two entertainment companies are both controlled by the Redstones’ privately held More...

By Reggie Reiner On Thursday, November 10th, 2016

Viacom Stumbles and Shari Redstone Rises

  Viacom is hurting, but its former chair’s daughter Shari Redstone is soaring. It’s owner Sumner Redstone is not the only one having troubles these days as Viacom had a terrible fiscal year More...

By Jewish Business News On Saturday, August 20th, 2016

Viacom power struggle ends with Redstone remaining leader, CEO agreeing to exit

  Viacom and 93-year-old controlling shareholder Sumner Redstone have come to an agreement on Friday with Redstone remaining atop his Media giant with Dauman, 62, remaining non-executive chairman until More...

By Niva Goldberg On Tuesday, June 7th, 2016

Viacom CEO calls for ‘immediate medical examination’ of Sumner Redstone

  Lawyers for wyers for Viacom Chief Executive Philippe Dauman as well as Viacom board member George Abrams, assert in new court papers that ailing Sumner Redstone should submit to an “immediate medical More...

By Ilan Shavit On Sunday, May 22nd, 2016

Sumner Redstone Ousts Viacom CEO from Trust That Will Control Viacom and CBS

  Sumner Redstone still has the power left in him which he appears to be using it to benefit his daughter, Shari in a developing power struggle over her father’s $40 billion media empire. The 92-year-old More...

By News On Tuesday, February 9th, 2016

Viacom, Snapchat Strike Exclusive Multi year Advertising Deal: Report

    As Viacom CEO Philippe Dauman announces the company’s quarterly results Tuesday, he is also expected to unveil an advertising deal with messaging app Snapchat, the Wall Street Journal reported, More...

By Jewish Business News On Thursday, January 21st, 2016

Sumner Redstone’s Viacom compensation falls; CEO Dauman hauls in $36.9 million

  The 92-year-old Viacom Inc. Executive Chairman Sumner Redstone was paid $2 million in salary in 2015 fiscal year, according to a company filing Wednesday with the Securities and Exchange Commission. Viacom More...

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