George Abrams

Dauman, Redstones set for Viacom court battle

The fight for control of Sumner Redstone’s Viacom is headed for a court case. A Massachusetts court has ruled that Viacom CEO Philippe Dauman (pictured) and lead board director George Abrams can make their case against parent company National Amusements during a trial in October. A judge denied a motion taken to strike the suit, […]

Paramount sale blocked until Redstone ruling

Viacom will not be able to sell a stake in Paramount Pictures until a US judge decides on company owner Sumner Redstone’s capacity to make decisions. The potential sale of a 49% is off the table, while the Viacom board members removed by parent company National Amusements this month will actually remain in place while […]

National Amusements slams ‘vicious’ Viacom attacks

National Amusements has branded members of Viacom’s board “antagonistic” and “vicious” as the battle for the future of the US media giant rages on in public. A letter distributed to press said it regarded actions recently dismissed Viacom board members, including Philippe Dauman, as “antagonistic to the interests” of the company, and that even if […]

Redstone fury at Viacom paying Dauman costs

The parent company of Viacom has reacted furiously after the media giant revealed it would use corporate cash to finance legal and PR costs for under-fire CEO Philippe Dauman. Last week, Viacom made an SEC filing that revealed Viacom would foot the bill for costs accrued as Dauman and the rest of the axed Viacom board […]

Dauman axed from Viacom board

Viacom’s chief executive, Philippe Dauman, is one of five directors axed from the media giant’s board by parent company National Amusements. Five new directors have been elected to the board to replace those chopped, who comprise Dauman (pictured), George Abrams, Blythe McGarvie, Frederic Salerno and William Schwartz. Dauman does remain CEO for the time being, […]

Doctor: Redstone retains ‘legal mental capacity’

Sumner Redstone’s camp has released a statement that claims a renowned psychiatrist has confirmed the media mogul to be mentally capable of overseeing his empire. Dr. James E. Spar, professor at the David Geffen School of Medicine at UCLA, concluded 93-year-old Redstone “retains the legal mental capacity” to have cut Viacom CEO Philippe Dauman and […]

Viacom directors vow to fight ousting

Viacom’s international directors have vowed to legally fight their potential ousting from the US media giant. A public letter from lead independent director Fredric Salerno on behalf of six independent Viacom directors – Cristiana Falcone, Blythe McGarvie, Deborah Norville, Charles Phillips, William Schwartz and himself – was released ahead of anticipated action from Viacom founder […]