Sunday, April 21, 2019

DOWNTURNS AT CABLE, FILM HIT VIACOM

August 3, 2012 by · Leave a Comment 

Sumner Redstone, the chairman of CBS and Viacom, got good news and bad about his two media companies on Thursday. On the one hand, CBS reported record profits in the last quarter; on the other hand, Viacom’s profits sank. The blow to Redstone’s older and larger media conglomerate might have been less troubling had its […]

REPORT: MURDOCH PLANS TO HACK OFF HIS NEWS BUSINESS

June 26, 2012 by · Leave a Comment 

At one point during his testimony to the Leveson committee looking into the telephone hacking scandal at his U.K. newspapers, Rupert Murdoch conceded that he may have overlooked the wrongdoing by some of the papers’ staff because the newspapers represented such a small part of News Corp’s overall revenue. Now, according to the Wall Street […]

VIACOM REPORTS KILLER QUARTER

May 3, 2012 by · Leave a Comment 

Far exceeding analysts’ expectations, earnings at Viacom, whose assets include Paramount Studios, MTV, Nickelodeon, BET, and Comedy Central, rose 56 percent in its second quarter to $585 million versus $376 million during the comparable period a year ago. The solid results came despite the lackluster performance of most of its Paramount releases and ratings softness […]

ONLINE DEALS LIFT CBS

May 2, 2012 by · Leave a Comment 

CBS, which had long resisted putting its shows online, posted its best quarter ever on Monday, largely as a result of deals it made to put some of its shows online. “Our ability to capitalize on the fundamental shifts in our industry has led to the growth of significant new revenue streams and has also […]

ONLINE DEALS LIFT CBS

May 2, 2012 by · Leave a Comment 

CBS, which had long resisted putting its shows online, posted its best quarter ever on Monday, largely as a result of deals it made to put some of its shows online. “Our ability to capitalize on the fundamental shifts in our industry has led to the growth of significant new revenue streams and has also […]

VIACOM EXECS HIGHEST PAID IN U.S. MEDIA

May 30, 2011 by · Leave a Comment 

The three highest-paid media executives in 2010 all worked for companies controlled by Sumner Redstone’s National Amusements, the Los Angeles Times observed today (Monday) citing figures by Redwood City, CA., executive compensation research firm Equilar Inc. The three are Viacom CEO Philippe Dauman, who drew the largest compensation package of any U.S. executive: $84.5 million; […]

REDSTONE’S BIRTHDAY PRESENT: $84 MILLION

May 27, 2011 by · Leave a Comment 

Sumner Redstone on Thursday received a fine birthday present, two days before he turns 88. Viacom, home of Paramount Pictures, Nickelodeon, Spike TV, MTV, BET, TV Land, VH1 and Comedy Central, increased its quarterly dividend to 25 cents a share, up from 15 cents a share — a whopping 67 percent boost — which increases […]

REPORT: TWO AND A HALF MEN TO RESUME SHOOTING FEB. 28

February 17, 2011 by · Leave a Comment 

Production of CBS’s Two and a Half Men will resume on Feb. 28, published reports said on Wednesday. However, there was no official word from CBS or Warner Bros. TV that addiction specialists treating Charlie Sheen had okayed his return to the show. Sheen himself phoned in to the Dan Patrick talk radio show again […]

DELAYING CHEAP DVD RENTALS DOES NOTHING, SAYS PARAMOUNT

August 5, 2010 by · 2 Comments 

“Of course, we are not all the way back, but the horizon is brighter,” Viacom Chairman Sumner Redstone remarked today (Thursday) in discussing a strong surge in profits for his company, which includes the Paramount film studio as well as cable channels MTV, Nickelodeon, and Comedy Central. Net earnings soared 52 percent to $420 million […]

REDSTONE ASKS REPORTER TO GIVE UP SOURCE

July 21, 2010 by · Leave a Comment 

In an astonishing telephone recording, topped perhaps only by the recent recorded rants of Mel Gibson, Viacom and CBS Chairman Sumner Redstone has seemingly offered a bribe to a reporter for giving up the name of a source. The reporter, Peter Lauria of the Barry Diller-owned TheDailyBeast.com, had run a gossip piece claiming that Redstone […]

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