Sumner Redstone

  1. Viacom Stock Rating Cut by Analyst, Cites 'Ongoing Ratings Weakness'

    July 10, 2012 7:47 AM EDT UBS analyst John Janedis on Tuesday downgraded his rating on Viacom's stock from "buy" to "neutral" citing "concerns related to ongoing ratings weakness" at Nickelodeon and MTV. "While the stock is cheap&quo ...

  2. Viacom Increases Quarterly Dividend

    May 24, 2012 7:45 AM EDT Viacom said Wednesday (May 23) that its board has approved a 10 percent increase in its quarterly dividend to 27.5 cents per share from 25 cents. Viacom Launches New Blog The increase will take effect starting with Viacom's next quarterly div ...

  3. Tom Freston, Fired From Viacom for Failing to Buy Myspace in 2005, 'Smiling' Over Sale

    June 30, 2011 4:07 PM EDT Six years ago, Myspace was the darling of the Internet, a fast growing company that many larger organizations were vying to make a crown jewel in their business. Rupert Murdoch and News Corporation won the race, acquiring the company in 2005 for $ ...

  4. Redstone: Ads Will Pay The Way

    November 08, 2007 12:00 AM EST Viacom executive chairman and founder Sumner Redstone kicked off day two of the Media and Money conference in New York City today by providing three "insights" into the digital future for media companies. First, media companies must keep ...

  5. Viacom Board Approves Split

    June 21, 2005 12:00 AM EDT The board of Viacom Inc. has unanimously approved the split of the company into two separately traded entities, the entertainment giant said June 14. The split is expected to be completed in the first NEW YORK (The Hollywood Reporter) -- The board ...

  6. Viacom Board Approves Split

    June 14, 2005 12:00 AM EDT The board of Viacom Inc. has unanimously approved the split of the company into two separately traded entities, the entertainment giant said Tuesday afternoon (June 14). The split is expected to be co The board of Viacom Inc. has unanimously appro ...

  7. Viacom To Ramp Up China Presence

    September 24, 2004 12:00 AM EDT Sumner Redstone, chairman/CEO of MTV parent company Viacom, today (Sept. 24) unveiled a series of moves that will expand the group's presence in mainland China, including a strategic partnership with Sumner Redstone, chairman/CEO of MTV paren ...

  8. Viacom To Ramp Up China Presence

    September 24, 2004 12:00 AM EDT Sumner Redstone, chairman/CEO of MTV parent company Viacom, today (Sept. 24) unveiled a series of moves that will expand the group's presence in mainland China, including a strategic partnership with Sumner Redstone, chairman/CEO of MTV paren ...

  9. Viacom Looks to Sell Weak Radio Stations

    June 07, 2004 12:00 AM EDT Viacom Inc. plans to dump underperforming radio stations, but will not sell its Infinity Broadcasting unit, company chairman/CEO Sumner Redstone said Thursday (June 3). Viacom Inc. plans to dump underperforming radio stations, but will not sell it ...

  10. Viacom President Karmazin Steps Down

    June 01, 2004 12:00 AM EDT Media giant Viacom Inc.'s No. 2 executive, Mel Karmazin, will step down following several years of tense relations with Viacom chairman/CEO Sumner Redstone, the company said today (June 1). Media giant Viacom Inc.'s No. 2 executive, Mel ...