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Just another ho-hum day for the Redstone family, as a Massachusetts judge has ruled in favor of media mogul Sumner Redstone in a legal battle that he was engaged in with his nephew Michael. At issue was Michael Redstone's contention that he'd been unfairly...
Tags: Michael Redstone, Sumner Redstone, Mickey Redstone, National Amusements, oral trust, Los Angeles, Brent Redstone, CBS Corporation, Redstone, Viacom, Law Crime, CBS
Goliath Battle with CBS Goes On [Feuds] Best Known As: Business Person Gist: Sumner Murray Redstone (born Sumner Murray Rothstein; May 27 1923) is majority owner and Chairman of the Board of the National Amusements theater chain. Through National Amusements,...
Tags: Sumner Redstone Stories, Los Angeles, Brent Redstone, National Amusements, Michael Redstone, CBS, Paramount Pictures, Business Finance, Viacom, CBS Corporation, Sumner Redstone, Entertainment Culture
Viacom Inc. says it has won exclusive rights in the U.S. to air "Michael Jackson's This Is It" on its MTV and BET cable networks starting in 2011. The Sony Pictures film, featuring rehearsal footage from the London concerts Jackson was planning when he...
Tags: Michael Jackson, MTV Network, BET, Viacom Inc., Los Angeles, Palladia, VH1, MTV Networks, MTV, Viacom, Entertainment Culture, Black Entertainment Television, CBS Corporation, Viacom International, Sumner Redstone
A year after it looked like Sumner Redstone's media empire might collapse under a mountain of debt, the 86-year-old mogul found a way to keep his grip on Viacom Inc., CBS Corp. and other prized assets. On Wednesday, Redstone's privately held National...
Tags: Sumner Redstone, CBS Corp., Viacom Inc., National Amusements Inc., Viacom Dios
Although the 86-year-old media mogul faces a $500-million debt payment in the next two weeks, substantial gains recently in the value of his family's shares in Viacom Inc. and CBS Corp. have given Redstone some badly needed leverage with his lenders.
Tags: CBS Corp., Viacom Inc., Redstone Pares CBS, National Amusements Inc., Sumner Redstone, Summer Redstone, media mogul, holding companies, sell nearly, movie theater
A New York state Supreme Court judge Monday ruled that Dan Rather’s attorneys can depose Viacom Chairman Sumner Redstone in the veteran anchor’s lawsuit against CBS, saying repeatedly that he wants to see the case move forward to trial. More than two...
Tags: Sumner Redstone, CBS Corp, New York Supreme Court, China, Hong Kong
Warner Brothers announced today that they would be changing their newly bought Midway Chicago studio’s name, to WB Games Chicago, according to reports. LinkedIn user profiles are now showing “WB Games Chicago” as the new name...
Tags: Midway, WB, gaming, video gaming, Sumner Redstone, Chicago, allnews, TigerTommy1982
The owner of MTV Networks and Paramount film studios reported second quarter profit of $277 million, or 46 cents a share, down from $406 million, or 64 cents a share, in the same period a year ago. Excluding 3 cents a share in severance charges, adjusted...
Tags: Viacom Inc., Viacom Net Income Falls, quarter profits, profits fall, revenue fell, Sumner Redstone, viacom posts
Warner will be allowed to finalize its buyout of Midway and its assets, the Chicago Tribune reported today, following approval granted by a bankruptcy judge. Within ten days, Midway will be part of Warner Bros. once most of its assets are picked...
Tags: Midway, TigerTommy1982, Mark Thomas, Sumner Redstone, Warner, Blitz, NBA Ballers, Warner Brothers, video games, software
Laguna Niguel restaurant king John Gantes has no assets with which to pay creditors, the bankruptcy trustee has concluded. The trustee, Jack Wolfe, filed his report in U.S. Bankruptcy Court in Santa Ana on Monday. It means that most of Gantes’ creditors...
Tags: Sumner Redstone