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With CBS CEO Les Moonves’ career up in the air following numerous allegations of sexual misconduct, corporation vice-chairman Shari Redstone’s plan to recombine CBS and Viacom has a likely chance of coming to fruition, according to Vanity Fair. If that becomes the case, investors may have something to fear, as CBS’s stocks have already begun…
Brad Grey, the chairman and chief executive officer of Viacom Inc’s Paramount Pictures film studio is expected to leave with an announcement coming as early as next week, according to two sources familiar with the situation. Grey’s departure from the studio, which he has headed for 12 years, comes after years of underperformance, producing box…
Sumner Redstone was the mogul who never wanted to retire. For years he held on to his media empire with the same tenacity he used in clinging to the windowsill of a burning hotel in 1979. But Redstone, who celebrated his 92nd birthday last May with a party thrown by his girlfriends at the time,…
Media mogul Sumner Redstone had resigned as CBS executive chairman, a move that comes amid heightened questions about the 92-year-old billionaire’s physical and mental health. CBS shares were up 3.6 percent in after-market trading, while those of Viacom Inc, where Redstone is also chairman, rose 6.3 percent. Viacom did not issue a statement on Redstone…
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