With Redstone on the Way Out, Viacom Companies Start Major Layoffs
Sumner Redstone’s Viacom is having financial problems. Its companies from Paramount Studios to MTV have been laying off workers. There has been much speculation as to the future of Viacom after the ultimate More...
Jon Stewart Just Cost Viacom $350 Million
Jon Stewart just cost Viacom, the parent company of Comedy Central on which The Daily Show airs, $350 million. That’s how much its shares lost after Stewart announced that he will soon be departing the More...
Jon Stewart’s Retirement Spells Doom for Comedy Central and Viacom
Jon Stewart‘s departure from The Daily Show Is a blow to Viacom (NASDAQ:VIA), $415 million worth, to be precise, and it could mean that its elderly chairman, Sumner Redstone, 91, will have More...
Albie Hecht gets the chance to make some news
– Hecht has recently been appointed station head at HLN, CNN’s news insight channel by company president Jeff Zucker – Albie Hecht / Getty Albie Hecht, rated as being one of the More...
Sumner M. Redstone gives grant of $120, 000 to RainCatcher
– Sumner M. Redstone/ Getty – /By Niva Goldberg / Developing world water charity , RainCatcher today announced that it has received a grant of $120, 000 from the Sumner M. Redstone Charitable More...