July 7, 2001 |
The opening of the Bridge movie theater in Westchester has been postponed until next week because of construction delays, according to theater operator National Amusements Inc. The opening originally had been scheduled for June 29. The 17-screen, 4,200-seat cinema complex is part of the Promenade, a 250,000-square-foot retail development near the San Diego Freeway at Howard Hughes Center.
January 9, 1991 |
Lawyers for a Queens high school basketball star who lost an eye in a Christmas Day shooting at a Long Island movie theater showing "The Godfather Part III" filed a $100-million lawsuit today against the theater and its security company. The shooting killed one and injured two others. Three suspects have been arrested. Alan Schnurman, attorney for Turane Haines, 17, said he filed the suit, which seeks $100 million in compensatory and punitive damages, in state Supreme Court in Queens.
April 22, 1994
After a brief separation, former Paramount Communications Inc. Chairman Martin Davis is reuniting with Viacom Inc. chief Sumner Redstone. Davis was named Thursday to the board of Redstone's National Amusements Inc., the parent of Viacom, which recently bested QVC Inc. in a $10-billion takeover war for Paramount. Davis stepped down as head of Paramount last month after Viacom gained control of the company. Earlier this week, he announced he was forming Wellspring Associates Inc.
August 27, 2011 |
Shari Redstone — the daughter of Sumner Redstone who serves as vice chair of media giants Viacom Inc. and CBS Corp. and president of National Amusements Inc. — has launched her own investment firm, according to regulatory filings. She is managing partner of the Massachusetts-based Advancit Capital, which is described in a CBS proxy as a "venture capital firm ... which focuses on early stage investments in media, entertainment and technology. " Redstone was unavailable for comment Friday.
June 9, 2005 |
Shari Redstone, the 51-year-old daughter of media mogul Sumner Redstone, is expected to be named to the expanded role of vice chairman of Viacom Inc., the entertainment conglomerate her father leads, according to sources close to the company. Shari Redstone currently runs the family-controlled Dedham, Mass.-based theater chain, National Amusements Inc., that controls Viacom via its 75% ownership of the company's voting stock.
February 13, 2009 |
Seeking to avoid mortal combat with its creditors, Midway Games Inc. filed for Chapter 11 bankruptcy protection Thursday. This probably isn't game over for the Chicago game publisher. Midway would have tipped over years ago if not for Sumner Redstone, whose family owns National Amusements Inc., a holding company that has controlling stakes in Viacom Inc. and CBS Corp. Redstone, who has his own financial troubles, pumped hundreds of millions of dollars into Midway before he was forced to sell it last year, for pennies on the dollar, to an investor named Mark Thomas.
September 29, 1989 |
Viacom International Inc. said Thursday that it has reached a watershed in its financial health with a debt restructuring that gives it more money, lower interest costs and fewer restrictions. Viacom International owns MTV, Showtime, the Movie Channel and distribution rights to "The Cosby Show," "Roseanne" and "A Different World" as well as 14 cable-TV systems, five television stations and eight radio stations. Viacom is 83% owned by National Amusements Inc.
March 10, 1987 |
Senior executives of Viacom International may stay with the entertainment and communications company even though the investor group they led was defeated in a bitter takeover battle last week by theater chain owner Sumner M. Redstone. The managers, including eight senior executives who were principals of the investor group, will probably stay if they can come to terms with Redstone on compensation, sources close to them said.
May 1, 2009 |
Media conglomerate Viacom Inc. said its first-quarter profit fell 34%, hurt by falling ad and entertainment revenue. But there are signs things may be easing. Chief Executive Philippe Dauman during a conference call pointed to signs of an advertising turnaround, a crucial factor for the company's cable properties. "We are not seeing any further deterioration," he said. "Over the past few weeks we have seen the advertising market stabilize." The New York company, which is controlled by Sumner Redstone and includes the Paramount movie studio as well as cable networks MTV and Comedy Central, said it earned $177 million, or 29 cents a share, down from $270 million, or 42 cents, last year.