Sumner Redstone

Broadcast Networks in Good Time Slot for Sale

Stevie Converse — Mon, 24 May 2010 08:31:32 -0400

Full article: New York Post
Claire Atkinson
The upfront presentations may have wrapped up last week, but the broadcast networks' sales pitches may be just beginning. With General Electric in the process of selling NBC Universal to cable giant Comcast, some Wall Street dealmakers predict Sumner Redstone and Disney will begin debating whether to put CBS and ABC, respectively, on the block.

Media Moguls on Elevated Pay Scales

Stevie Converse — Mon, 10 May 2010 10:18:07 -0400

Full article: Los Angeles Times
Meg James
A <em>Los Angeles Times</em> survey revealed that the men -- and they're all men -- at the top of the conglomerates that operate the TV networks, movie studios and cable systems continued to command pay packages on par with, and in some cases far higher than, A-list actors.

Sumner Redstone Sells Shares of Viacom, CBS

Stevie Converse — Thu, 15 Oct 2009 08:05:21 -0400

Full article: Huffington Post
Andrew Vanacore and Ryan Nakashima
Media mogul Sumner Redstone's holding company, National Amusements, is selling some of its stake in CBS and Viacom as well as 35 movie theaters to pay off its debts. After the sales, National Amusements will retain more than 79 percent voting control of both CBS and Viacom while helping pay off some $1.46 billion in debt.

Redstone Weighs Sale of Theaters

Stevie Converse — Tue, 25 Nov 2008 09:43:24 -0500

Full article: New York Times
Tim Arango
In an effort to stave off the dismantling of his media empire, Sumner M. Redstone, the controlling shareholder of Viacom and CBS, recently proposed to sell his family’s 1,500-screen theater chain in an effort to restructure his large debt load.

The Struggles of a Game Maker Bog Down Viacom

Stevie Converse — Mon, 03 Nov 2008 08:46:21 -0500

Full article: New York Times
Tim Arango
In recent weeks, the chairman of Viacom and CBS has been forced to sell more than $200 million of stock in his companies after a margin call from lenders, and there has been fervent speculation that he could lose his grip on one of the world's great media empires.

Viacom Wants Piracy Filters In Networking Hardware

Stevie Converse — Fri, 09 May 2008 10:15:55 -0400

Full article: Broadband Reports

Rifts in Family and Companies Hang over Redstone’s Legacy

Stevie Converse — Mon, 07 Apr 2008 07:43:11 -0400

Full article: New York Times
Tim Arango