(Reuters) – Paulson & Co, the hedge fund firm led by billionaire investor John Paulson, has taken a stake in Viacom Inc as the U.S. media company has started to turn around its business, Paulson told Reuters in an interview. Over the past few months, Paulson h... More »
FILE PHOTO: A woman exits the Viacom Inc. headquarters in New York, U.S. on April 30, 2013. REUTERS/Lucas Jackson/File Photo (Reuters) – Viacom Inc (VIAB.O) and CBS Corp (CBS.N) are not in active merger discussions, although controlling shareholder Shari Redst... More »
Viacom Inc (VIAB.O) and Charter Communications Inc (CHTR.O) agreed on a short-term extension of their renewal deadline, a source familiar with the matter said, as the companies aim to avoid the immediate blackout of Viacom networks. More »
MGM Holdings Inc said it would acquire the 81 percent of premium U.S. channel Epix it does not already own from two of its partners, Viacom Inc and Lionsgate Entertainment Corp, for about $1 billion. More »
MGM Holdings Inc is in talks to acquire the 81 percent of Epix it does not already own from two of its partners in the premium U.S. channel, Viacom Inc (VIAB.O) and Lionsgate LGFA.N, people familiar with the matter said on Thursday. More »
FILE PHOTO: Jim Gianopulos, Chairman and CEO, Fox Filmed Entertainment, reveals a mural of Bruce Willis during a special event to commemorate 25 years of Die Hard movies on the backlot at 20th Century Fox Studios in Los Angeles, California January 31, 2013. RE... More »
Chairman and CEO of Paramount Pictures Brad Grey attends the premiere of ”FENCES” in Manhattan, New York City, U.S., December 19, 2016. REUTERS/Andrew Kelly Brad Grey will step down as the chairman and chief executive officer of Viacom Inc’s Paramount Pictures... More »
Chief Executive Officer of Paramount Studios Brad Grey poses at a premiere of the film ‘Arrival’ in Los Angeles, California, November 6, 2016. REUTERS/Danny Moloshok Brad Grey, the chairman and chief executive officer of Viacom Inc’s (VIAB.O) Paramount Picture... More »
Sumner Redstone has the power to remove Viacom Inc (VIAB.O) Chief Executive Philippe Dauman, but not his daughter Shari, from the trust that will control his $40 billion media empire after his incapacitation or death, according to two sources familiar with the... More »
Viacom Inc’s board is considering whether to further cut the pay of its Chairman Emeritus Sumner Redstone, the Wall Street Journal reported, citing people familiar with the matter. Viacom and CBS Corp board members are also planning to visit Redstone, the chai... More »
LOS ANGELES Even as a Los Angeles judge dismissed one case brought by a former girlfriend of media mogul Sumner Redstone, she filed a new lawsuit that threatens to keep salacious allegations about the 92-year-old’s lifestyle alive. The new complaint, filed by ... More »
LOS ANGELES Media mogul Sumner Redstone never set foot in the Los Angeles courtroom where his mental competency was on trial in recent days. But the 92-year-old billionaire had the final word on Monday when Judge David Cowan, citing blunt videotaped testimony ... More »
(Note language in third paragraph. Rewrites with further quotes from court, background on Viacom) By Lisa Richwine LOS ANGELES A judge called Sumner Redstone’s deposition “strong evidence” that the media mogul knew what he was doing when he ejected an ex-girlf... More »
Viacom Inc said on Thursday it has renewed a multiyear distribution contract with satellite TV provider Dish Network Corp, lifting the media company’s shares over 11 percent. The companies had been in talks for several months over whether Dish would continue t... More »
LOS ANGELES A California judge on Wednesday rejected a bid by Sumner Redstone’s granddaughter to join the media mogul’s former girlfriend in a lawsuit that challenges the 92-year-old billionaire’s mental competency. The granddaughter, Keryn Redstone, argued in... More »
Attorneys for Sumner Redstone’s ex-girlfriend say they should be allowed to depose the 92-year-old media mogul because Redstone plans to testify at an upcoming trial over his mental capacity, according to court filings made on Wednesday. Settlement talks betwe... More »
NEW YORK Talks aimed at settling a lawsuit questioning the competency of media mogul Sumner Redstone have hit an impasse and attorneys are rescheduling the depositions of key players, an attorney for Redstone’s former girlfriend, who brought the lawsuit, said ... More »
Ailing Viacom Inc (VIAB.O) controlling shareholder Sumner Redstone opposes Chief Executive Officer Philippe Dauman’s plan to sell a minority stake sale in Viacom’s Paramount Pictures movie studio, the Wall Street Journal reported on Monday. The report added to... More »
Lawyers acting for Sumner Redstone have reached a preliminary settlement with an ex-girlfriend over a lawsuit that challenged the 92-year-old media mogul’s mental competency, a person familiar with the situation said on Thursday. The settlement may avoid furth... More »
Lawyers for Viacom Inc Chairman Emeritus Sumner Redstone are in talks to settle a lawsuit challenging the 92-year-old media mogul’s mental competency, people familiar with the situation said on Tuesday. Depositions of Viacom Chief Executive Officer Philippe Da... More »
Twenty-First Century Fox Inc (FOXA.O) is interested in acquiring a minority stake in Viacom Inc’s (VIAB.O) Paramount Pictures, a source close to the situation said on Wednesday. The company would be interested in exploring a deal that would create synergies fo... More »
LOS ANGELES A Los Angeles judge tentatively ruled on Friday that certain documents can be made public in a lawsuit that challenges the mental competency of 92-year-old media mogul Sumner Redstone. Medical records will remain sealed to protect Redstone’s privac... More »
Viacom Inc (VIAB.O) Chief Executive Philippe Dauman’s lawyers failed to persuade a New York judge to quash his deposition in a high-profile lawsuit over media mogul Sumner Redstone’s mental competency. In a hearing Thursday afternoon, New York state Supreme Co... More »
Viacom Inc (VIAB.O) is considering selling a “significant” minority stake in its Paramount Pictures movie studio, Chief Executive Philippe Dauman said on Tuesday In the face of weak advertising sales and poor ratings at its cable networks, investors have been ... More »
BOSTON Institutional Shareholder Services on Friday recommended Viacom Inc investors withhold support for six of the media company’s directors, as the largest proxy adviser cited several concerns including their oversight of executive compensation. ISS, which ... More »
LOS ANGELES Media mogul Sumner Redstone was under “undue influence” from people around him when he replaced his designated healthcare agent last fall, his ex-girlfriend argued on Thursday in her lawsuit challenging the elderly billionaire’s mental competence. ... More »
BOSTON Media giant Viacom Inc said on Wednesday it cut the compensation of its top two executives, Executive Chairman Sumner Redstone and Chief Executive Philippe Dauman, as the company faced business pressures and a sharp drop in its share price. Although Via... More »
Investors targeted Viacom Inc (VIAB.O) on two fronts on Tuesday, in a lawsuit alleging Executive Chairman Sumner Redstone is incapacitated and should not have been paid millions in compensation, and in an activist investor presentation calling for changes to t... More »
Doctors Stephen Read and James Spar are collaborators on a chapter of a forthcoming psychiatry textbook, colleagues at UCLA’s medical school and go-to court experts on the evaluation of mental fitness in the elderly. In the 2014 fight over whether owner Donald... More »
BOSTON Viacom Inc (VIAB.O) will allow investors to vote in March on a proposal to extend voting rights to all shareholders, though the measure is certain to fail as it is opposed by executive chairman Sumner Redstone’s holding company. Still, the vote will tes... More »
NEW YORK Viacom Inc (VIAB.O) was sued by a former vice president who said the media company fired her in retaliation for opposing its alleged plan to illegally avoid paying U.S. taxes on the international licensing rights for Teenage Mutant Ninja Turtles. In a... More »
BOSTON/NEW YORK An official for the second-largest U.S. public pension system on Thursday urged Viacom Inc (VIAB.O) to do away with its dual-class share structure, the latest call from an investor for change at the media empire controlled by the aging mogul Su... More »
Viacom Inc’s (VIAB.O) second-largest shareholder has urged the media company to sell a stake in its Paramount movie studio to Alibaba Group Holding Ltd (BABA.N), according to the Financial Times. “If Alibaba is going to be serious about getting into the entert... More »
Viacom Inc (VIAB.O), the owner of MTV, Comedy Central and Nickelodeon, reported weaker-than-expected quarterly revenue on Thursday, although declines in ad sales for its U.S. cable TV business were not as steep as analysts had anticipated. Chief Executive Offi... More »
Viacom Inc is cutting the number of TV advertisements it airs in a bid to boost ratings. But the owner of MTV, Comedy Central and Nickelodeon has drawn skepticism by saying the move will also help it raise ad prices. A cut in ads would not necessarily improve ... More »
Cablevision Systems Inc and Viacom Inc have settled an antitrust lawsuit in which Cablevision had accused Viacom of forcing distributors and subscribers to buy channels they did not want. Cablevision and Viacom are simultaneously entering into “mutually benefi... More »
Viacom Inc reported weaker-than-expected quarterly revenue, hurt by lower advertising revenue from its U.S. cable TV business as viewers increasingly shift to online streaming services. The results add to investor concerns over the U.S. cable industry after di... More »
