Sumner Redstone

A Sony entertainment spinoff would provide opening for CBS

2013-05-14 14:45:00

New York hedge fund manager Daniel Loeb wants Japanese electronics giant Sony Corp. to spin off its Culver City entertainment business. CBS Corp. might like that, too. Loeb, whose Third Point funds own more than $1 billion in Sony stock, sent a letter...

NBC's Harbert adds to duties. Lights-out quarter for CBS.

2013-05-02 07:23:00

After the coffee. Before trying to find a hardware store. The Skinny: It was a tough choice but I decided to go with the season finale of FX's "The Americans" last night instead of ABC's "Nashville," which I recorded for later. Let this be a lesson to...

CBS' quarterly revenue tops $4 billion; profit up 22%

2013-05-01 14:45:00

The lights didn't go out on CBS Corp. during the first quarter. The Super Bowl -- which was marred by a third-quarter power outage that dimmed the lights in the New Orleans Superdome -- helped the broadcasting giant rake in more than $4 billion in...

Sumner Redstone faces IRS heat for delinquent 1972 tax bill

2013-05-01 18:48:00

Viacom Inc. and CBS Corp. Chairman Sumner Redstone may be a billionaire, but according to the U.S. Internal Revenue Service he’s also a tax deliquent. Emphasis on the word delinquent. According to a U.S. tax court filing, first obtained by...

YouTube prevails in huge copyright suit with Viacom

2013-04-18 16:17:00

In an epic clash between old and new media, Google Inc.'s video website YouTube has scored another huge victory in the long-running skirmish over copyright infringement brought by television giant Viacom Inc. A federal judge in New York on Thursday...

CBS CEO Leslie Moonves' 2012 pay package valued at $62.2 million

2013-04-12 14:26:00

CBS is home to "Two Broke Girls" and one rich chief executive. Leslie Moonves, the CEO of CBS, had a 2012 compensation package valued at $62.2 million, according to the company's proxy statement filed Friday. Although that makes Moonves the highest-...

CBS acquires 50% of TV Guide Network for $100 million

2013-03-26 13:39:00

CBS Corp. has acquired a 50% stake in the TV Guide Network for about $100 million, giving the big broadcaster a larger toehold in cable television. CBS said Tuesday it had entered into a joint venture with the independent film and television studio...

'The Bible' makes history for History! Paramount to try TV again.

2013-03-05 08:01:00

After the coffee. Before syncing my new BlackBerry to my work email. The Skinny: It's good to be back home. Ask me in a few hours if it is good to be back in the office. Kidding! Tuesday's headlines include a look at how Hollywood tries to spin a bad...

Cablevision-Viacom battle echoes Malone-Redstone fight

2013-02-27 12:41:00

The more things change, the more they stay the same. On Tuesday, Viacom, parent of MTV, Nickelodeon and Comedy Central, was accused in a lawsuit filed by New York-based cable operator Cablevision Systems Corp. of engaging in anti-competitive and...

Case of the blues for Rhythm & Hues! Starz and Sony renew vows.

2013-02-12 06:42:00

After the coffee. Before getting my own output deal with Starz. The Skinny: If I knew the pope was stepping down, I would have gotten my resume together. It's never too late for a career shift, right? Tuesday's headlines include the challenges that...

Director Bryan Singer donates $5 million to USC's film school

2013-02-07 12:42:00

Director Bryan Singer has donated $5 million to his alma mater USC's School of Cinematic Arts (SCA) and its critical studies division. Now titled the Bryan Singer Division of Critical Studies, the unit from which Singer graduated in 1989 with a bachelor's...

USC Cinematic Arts building dedicated to Sumner Redstone

2013-02-06 18:38:00

Sumner Redstone has joined an elite group of Hollywood heavyweights in cementing his legacy with a prominent USC building named in his honor. The billionaire media mogul gave a $10-million gift to the USC School of Cinematic Arts this year. This week, the...

John Malone, left, and Sumner Redstone

2013-02-27 12:16:51

Sumner Redstone owes $1.1 million in back taxes, penalties and interest from a series of unreported taxable gifts to his family in 1972, the IRS says.

2013-02-05 00:00:00

Viacom executives including Philippe Dauman, at lectern, took pay cuts in fiscal 2012 but remain richly compensated.

2013-01-25 15:49:06