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Report: Viacom Looking To Replace Its CEO And Entire Board
Tuesday, May 31, 2016 - 9:36am | 208Read More...A new CEO change may be coming to Viacom, Inc. (NASDAQ: VIAB), according to the New York Post. Sumner Redstone, the ailing 92-year whose family controls 80 percent of Viacom's Class A voting shares, recently removed the company's CEO Philippe Dauman and George Abrams, a Viacom board member, from...
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Redstone, Herzer Legal Drama: Where Is It Heading?
Monday, May 9, 2016 - 9:46am | 248Read More...The trial over the mental competence of Sumner Redstone, the controlling shareholder of Viacom, Inc. (NASDAQ: VIAB) and CBS Corporation (NYSE: CBS), could come to an abrupt end on Monday, according to a report on Reuters*. A California judge is expected to decide on a lawsuit from Redstone's former...
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Confusion Over Viacom's Plans To Sell Paramount Stake Continues
Wednesday, April 13, 2016 - 9:48am | 266Read More...Viacom, Inc. (NASDAQ: VIAB) has been actively looking for a buyer for its stake in Paramount. After all, the move received the blessing of the company's controlling shareholder, Sumner Redstone. Or so, Viacom's CEO Philippe Dauman thought. It turns out, Dauman misheard Redstone's desires to support...
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Sumner Redstone Doesn't Want To Sell A Stake In Paramount
Tuesday, April 12, 2016 - 11:18am | 213Read More...The Wall Street Journal reported late Monday evening that Viacom, Inc. (NASDAQ: VIAB)'s CEO Philippe Dauman may have misunderstood Sumner Redstone's desires to sell a stake in Paramount Pictures, as has been previously reported. Related Link: Sumner Redstone To Step Down As Head Of CBS...
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Herzer: Sumner Redstone A 'Pawn' In 'Chairmanship Battle'
Friday, February 19, 2016 - 2:59pm | 256Read More...Former CBS Corporation (NYSE: CBS) and Viacom, Inc. (NASDAQ: VIAB) chairman Sumner Redstone's former caretaker Manuela Herzer claimed Redstone was manipulated in the chair transition as his health deteriorated. “Sumner has become a pawn in a highly-publicized battle for the Chairmanship...
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Viacom And CBS: Are Management Changes Really Catalysts?
Thursday, February 4, 2016 - 2:16pm | 313Read More...This week, CBS Corporation (NYSE: CBS) announced that CEO Les Moonves will be replacing Sumner Redstone as Chairperson of the company. In the wake of the decision, Viacom, Inc. (NASDAQ: VIAB) announced that it will also be holding a board meeting this week, presumably to address its own...
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Sumner Redstone To Step Down As Head Of CBS; Moonves To Assume Role
Wednesday, February 3, 2016 - 7:02pm | 335Read More...Stocks in the Media group have gotten some solid post-market action Wednesday afternoon following a big management shake up related to legendary media magnate Sumner Redstone. CBS Corporation (NYSE: CBS) announced the resignation of the media mogul from the role of Executive Chairman; he has...
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Time Warner's CEO Against Sale Or Spin Of HBO, 'Plays Coy' At Takeover Prospect
Tuesday, January 12, 2016 - 3:18pm | 280Read More...According to a new report by the New York Post, Time Warner Inc (NYSE: TWX)'s CEO Jeff Bewkes told investors on Monday that he is against selling or splitting the company's HBO segment. Bewkes is currently meeting with several large investors, some of which are said to be running out of...
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CBS Establishes Succession Plan, CEO Les Moonves To Become Chairman
Tuesday, December 22, 2015 - 9:40am | 176Read More...CBS Corporation (NYSE: CBS) CEO Leslie Moonves will take over as Chairman of the Board following the death of 92-year-old Sumner Redstone, according to a Bloomberg report. Redstone currently serves as Chairman on both CBS's and Viacom, Inc. (NASDAQ: VIAB)'s Boards and controls the...
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CBS Beats Q1 EPS Expectations
Friday, May 8, 2015 - 7:12am | 295Read More...CBS Corporation (NYSE: CBS) reported results for the first quarter of 2015 on Thursday. Revenues were $3.50 billion for the first quarter of 2015 compared with $3.57 billion for the prior-year period. EPS was a record for the quarter, beating estimates at $0.78 compared with $0.77 for the...
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CBS Reports Higher Q2 Profit (CBS)
Wednesday, July 31, 2013 - 5:08pm | 203Read More...CBS (NYSE: CBS) released its fiscal second-quarter earnings results after the closing bell on Wednesday. The company reported both earnings per share and revenue that came in ahead of Wall Street consensus estimates. In late trade, the stock was last up 0.78 percent to $53.25. Management...
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Tom Freston is Still Waiting for Sumner Redstone's Thank-You Note
Friday, July 1, 2011 - 10:26am | 626Read More...Instead of taking a $545 million loss, Viacom (NYSE: VIA) can sit back and relax this afternoon, knowing that it didn't have to go through the trouble of selling MySpace for a paltry sum of $35 million. But don't expect media mogul Sumner Redstone to apologize for firing Tom Freston, the former...
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Will Tom Freston Ever Get a Thank-You from Sumner Redstone?
Thursday, June 30, 2011 - 5:24pm | 626Read More...Instead of taking a $545 million loss, Viacom (NYSE: VIA) can sit back and relax this afternoon, knowing that it didn't have to go through the trouble of selling MySpace for a paltry sum of $35 million. But don't expect media mogul Sumner Redstone to apologize for firing Tom Freston, the former...
