Earlier today the board of Viacom voted to promote CEO Philippe Dauman to executive chairman of the media company that includes MTV, Comedy Central and Paramount. This move was in direct contradiction ...

Sumner Redstone, the 85-year-old titan of the media industry, got caught in a credit squeeze during the global financial crisis, and it's going to cost him more than a fifth of his firm's stake in ...

The media mogul Sumner Redstone has resigned as executive chairman of his two major companies: Viacom and CBS. Redstone is now 92 and investors claim that his health has been waning for some time. But ...

Sumner Redstone, who built a media empire from his family’s drive-in movie chain, has died. He was 97. Redstone built his operations through aggressive acquisitions, but many headlines with his name ...

CBS and Viacom, together again? Both media companies are a part of the Redstone empire, and while they were split apart in 2006, a re-merger is on the horizon. CBS includes of course the broadcast ...

LOS ANGELES, May 6 (Reuters) - Sumner Redstone appeared to take the upper hand in defending a lawsuit challenging his mental competency on Friday, as a judge called Redstone's deposition "strong ...

The article was updated at 7:47 p.m. NEW YORK — The Viacom board unanimously voted Tuesday to carve two companies out of Sumner Redstone‘s kingdom. An upbeat Redstone heralded the move — which gives ...

The question of 92-year-old Sumner Redstone's ability to run his company was called into question recently when his ex and longtime friend Manuela Herzer filed papers in court declaring him mentally ...

(Reuters) - 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 ...

THE MONEY: CBS stock has risen substantially over year, increasing value of his 45 million shares by $400 million, but his 41 million Viacom shares went down, tempering gains. Salary and bonuses for ...