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Topic: Sumner Redstone

Philippe Dauman Named Executive Chairman of Viacom, As Sumner Redstone Steps Down

Move is made over the objection of Redstone's daughter, Shari

Just 48 hours ago, Sumner Redstone was the executive chairman of both CBS Corp. and Viacom. But now, he has been replaced at both companies. Today, Viacom announced that its president…

Les Moonves Is Named Chairman of CBS, Replacing Sumner Redstone

Announcement comes a day after ailing former chair resigns

Les Moonves, CBS Corp.'s CEO and president, has been named chairman of the company. He replaces the ailing Sumner Redstone, who resigned Tuesday as executive chairman but will remain as…

Cablevision, Viacom War Could Cost a Bundle

Few visible clues to be unearthed in heavily-redacted complaint

Cablevision, which is suing Viacom for illegally bundling its networks, on Thursday released a heavily-redacted version of its complaint against the cable conglomerate, which includes the charge that Viacom threatened…

Analyst on Beleaguered Viacom Stock: 'It's Far and Away My Most Screaming Buy'

Nick, Comedy Central, MTV parent is down but not nearly out

Here is a tale designed to stress out even the most unflappable investor: once upon a time, there was a cable conglomerate with some major ratings problems. Its kids' network…

Earnings and Ratings Down, Viacom Declares Victory in DirecTV Spat

Analyst: When will you start firing people?

Viacom chairman Sumner Redstone began Friday's Viacom earnings call by praising company CEO Philippe Dauman for his role in the carriage dispute with DirecTV last month. "Philippe has been a…

'Jersey Shore' Helps Lift Viacom to Double-Digit Growth

Company reports strong third quarter

Viacom Chairman Sumner Redstone can thank Snooki for a strong quarter. On Friday, the morning after the season premiere of MTV’s Jersey Shore, Viacom reported a 37 percent earnings increase…

Viacom Dividend Icing on Sumner’s Birthday Cake

But mogul should wish for bigger 'Barbarellas' audience

On the eve of his 88th birthday, Sumner Redstone illustrated the validity of the old adage “the rich get richer.” In increasing its quarterly dividend 67 percent to 25 cents…

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