Sumner Redstone’s Ex-Girlfriend Was Set to Inherit $50 Million and His House
Sumner Redstone, in new court documents, stated he had planned to leave his former girlfriend, Manuela Herzer, $50 million and his Beverly Park mansion when he died — but that four months More...
Who will take care of Billionaire Sumner Redstone? Sex, Lies and Videotape
Chairman of Viacom and CBS, 92-year-old Sumner Redstone, is a “living ghost” and subject to uncontrollable crying fits, according to a lawsuit filed Wednesday by former girlfriend Manuela Herzer. He More...
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’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...
Viacom CEO Philippe Dauman Informs Investors of ‘Substantial Savings’ (Layoffs)
Viacom’s stock closed down 4.4% on Friday following a disappointing quarter in which the company missed Q1 revenue estimates as it faces concerns about inventory and fewer stock buybacks, as reported More...
Viacom CEO Philippe Dauman Cuts Cord on Nickelodeon
Viacom is the latest cable company to cut the cord (at least partially), or in industry lingo, to go “over the top” and offer direct-to-consumer streaming, according to Reuters. While the regular More...