Tag archive for ‘National Amusements’
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 More...

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...

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...

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...

Gil Tanenbaum On Thursday, May 28th, 2015

Leslie Moonves Drops Out of Race to Buy CBS

– – The number of vultures circling the 92 year old Sumner Redstone who owns both CBS and Viacom has been reduced by One. The head of CBS, Leslie Moonves, has announced that he is no longer looking More...

Gil Tanenbaum On Friday, May 8th, 2015

Sumner Redstone is Not Going Anywhere — For Now

Sumner Redstone has been denying reports that he has turned control over his media empire, which includes both Viacom and CBS, to his daughter Shari. Sumner is 91 and Shari is a youthful 61. Unfortunately More...

Eli Horn On Wednesday, February 4th, 2015

Speculations Swirl over Future of Sumner Redstone’s Media Empire

There is much speculation about what the future holds for the corporate assets of Sumner Redstone, whose media empire spans entertainment giants Viacom and CBS. While bits and pieces of the plans have come More...

Niva Goldberg On Saturday, July 20th, 2013

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...

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