sumner redstone
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Sumner Redstone Defeats Nephew in Court
Judge rules against Michael Redstone over shares of grandfather’s National Amusements.
By
the Los Angeles Times -
Hollywood Meets the MBAs: The Mogul Has No Clothes (part I)
A new book examines the low profitability of media companies and asks: Whose fault is it?
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National Amusements Selling Some CBS, Viacom Shares
Redstone’s company will retain voting control in both after sale to pay down debt.
By
Wall Street Journal -
Hot Properties Can’t Stem Viacom Losses
About 30 percent of Viacom’s revenues come from advertising, which also suffered.
By
Dylan Stableford -
Soft Ad Market Tackles CBS Corp.
All units within Sumner Redstone’s conglomerate feel the squeeze.
By
Michael Speier -
Redstone: I’ll Never Die, but Newspapers Will (updated with Chernin-Moonves panel)
Speaking at the Milken Institute Global Conference on Wednesday, a feisty Viacom chief Sumner Redstone predicted he would never die. He also predicted that newspapers would. That, and, oh yes, that Paramount would have the biggest year in its history. In a closed-door, wide-ranging session led by CNN’s Larry King, the nearly-86-year-old media magnate took…
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The Milken Global Conference: When Indiana Jones Meets Wall Street
Michael Milken keeps walking by me in the hallway here at the Milken Institute Global Conference, which has the Beverly Hilton humming with activity. What’s your global ill? Housing? Hunger? Real Estate? Credit Markets? Or, say, “Sustainable Fisheries and Oceans?” Milken is searching for answers. There are world leaders here, financial geniuses of all kinds,…
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Viacom Profit Plunges 69% in Q4
Media conglomerate Viacom’s net profit plummeted 69% last quarter to $173 million as a result of a tough ad market and plunging DVD sales, the company reported.
By
Amy Kaufman