Philippe Dauman’s $72 Million Settlement Deal for walking out the door
On September 13th Viacom‘s CEO Philippe Dauman will leave the company which he has led for the past 10 years. To soften the blow he bows out with a severance package estimated to be worth More...
Ex-Redstone Companion Seeks New Competency Trial
Manuela Herzer, the former girlfriend and live-in companion of media billionaire Sumner Redstone is seeking a new trial to show he’s mentally not competent to make health care and legal decisions More...
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...
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...
A judge dismissed the competency lawsuit brought against billionaire Sumner Redstone
A judge dismissed a case Monday challenging the mental competency of media mogul Sumner Redstone. Redstone’s ex-girlfriend and former caretaker filed a petition in Los Angeles County Superior Court More...
Sumner Redstone Opposes Sale of Paramount Stake: Report
Sumner Redstone has expressed his opposition to Viacom’s plan to sell a minority stake in Paramount Pictures to help revive the studio’s fortunes, according to a report by the Wall Street Journal. WSJ More...
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...
Sumner Redstone resigns as CBS executive chairman, replaced by Leslie Moonves
CBS executive chairman Sumner Redstone is resigning and network President & CEO Les Moonves being named the new chairman. Shari Redstone will continue with her duties as vice-chair, while the More...
Viacom CEO Serves as Health Care Proxy for Boss
Although it is highly unusual for one to serve as health care proxy for one’s boss, that is exactly what will occur in the case of 92-year-old Sumner Redstone, the executive chairman of Viacom Inc. Redstone More...
Viacom CEO Philippe Dauman To Be Subpoened; Sumner Redstone Reps Seek Dismissal In Health Care Lawsuit
The legal battle over Sumner Redstone has taken two new directions — one expected, and one much less so. In a move promised last month, Attorneys for Sumner Redstone today filed a motion More...