Shari Redstone


Paramount chief Grey exiting ahead of network launch

Paramount Pictures chairman and CEO Brad Grey is stepping down after twelve years with Viacom. For TV execs, the news comes ahead of the establishment of the Paramount Network, which Viacom president and CEO Bob Bakish has placed at the centre of his plans to turn around the giant media business. Paramount Television and Digital […]

Official CEO in as Viacom-CBS merger crumbles

Bob Bakish has been named permanent president and CEO of Viacom after the potential re-merger with CBS evaporated. Bakish has been acting CEO since November 15 after Tom Dooley stepped down from his interim post, and will now become full-time chief. The appointment came after Viacom confirmed media reports yesterday that revealed the merger with […]

Bakish ‘set for interim Viacom CEO role’

Viacom’s international president and CEO, Bob Bakish, is set to be named interim chief executive of the wider business as the possibility of a merger with CBS is explored. Bloomberg cited unnamed sources as saying Viacom International Media Networks boss Bakish was “close” to landing the post. Current interim CEO Tom Dooley is leaving the […]

Viacom, CBS explore merger

Viacom and CBS have formed special committees to explore combining the two companies. National Amusements, which owns controlling stakes in both firms, last week urged the pair to look at merging. Viacom responded by forming a special committee that comprises independent directors Thomas May and Nicole Seligman, who will act as co-chairs, and Kenneth Lerer, […]

Redstones push for Viacom-CBS merger

The majority shareholder of Viacom and CBS has urged the US media giants to re-merge. National Amusements has sent an open letter to CBS Corp. chairman, president and CEO Les Mooves (pictured) and the Viacom board of requesting they “explore a potential combination”. CBS and Viacom operated as one company between 1999 and December 2005, […]

Viacom to set strategy ‘swiftly’ after Dauman exit

Viacom’s main shareholder, Sumner Redstone, has called for the media giant to “embark swiftly” on a new strategy after the exit of Philippe Dauman was formally announced. On Saturday, Viacom and Redstone’s National Amusements holding vehicle confirmed the long-serving Dauman was leaving his post as CEO and president and would be replaced in the interim […]

Dauman set to exit as Viacom war ends

Philippe Dauman is set to leave his role as CEO of Viacom in exchange for a massive pay-out, ending the war for control of the US entertainment giant. According to numerous media sources, Viacom’s board met last night to vote and agree on terms of a deal with the company’s controlling shareholder, Sumner Redstone. Viacom […]

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, […]

Viacom, NA clash over Paramount sale plan

Selling a chunk of Paramount Pictures to China’s Dalian Wanda Group would “undermine” long-term value at the Viacom-owned studio, according to National Amusements. The battle for the future of Viacom and its subsidiary Paramount reached its latest stage late last week when Viacom owner NA released a statement warning a deal would damage value for […]

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 […]

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