November 21, 2006 |
In the latest feud within the Redstone clan, the nephew of Viacom Inc. Chairman Sumner M. Redstone is suing the media mogul for allegedly cutting him and his late sister out of their stake in the family business -- a stake that could be worth more than $1 billion today. The fight is over National Amusements, the controlling shareholder of Viacom, CBS Corp. and video game maker Midway Games Inc., which portrayed the lawsuit as a "meritless" action by a relative, Michael D.
CALIFORNIA | LOCAL
June 19, 1992
Your article has me dumbfounded. To use this much space for something that never happened is appalling. Judged in the cold light of history, Perot's analysis of GM senior management was correct. During Roger B. Smith's highly compensated tenure, General Motors lost considerable market share. Thousands of GM's American workers have been laid off and thousands more will be. How your newspaper can slight Perot for considering any option in his attempt to change GM's direction is not journalism, it's propaganda.
March 29, 1985
Culver City-based MGM/UA Entertainment Co. said the negotiations involve suits brought by minority shareholders in its 85%-owned Home Entertainment Group. MGM/UA said any such settlement might result in an increase in the price to be received by HEG's public shareholders in MGM/UA's pending bid to buy the publicly held shares. One suit was brought by National Amusements of Dedham, Mass., a motion picture exhibitor, and its chairman, Sumner M. Redstone, who hold 7.
May 22, 2003 |
Viacom Inc. shareholders approved a board of directors with fewer company insiders, making it the latest company to distance its board from management as a safeguard against corporate scandals. Viacom Chairman Sumner M. Redstone's son Brent, CBS chief Leslie Moonves, CSFB Vice Chairman Ken Miller and George Conrades, chairman of Akamai Technologies Inc., did not stand for reelection to the new 17-member board.
August 17, 1993
Spotlight on Viacom Inc.: "I'm heavily involved in the operation of the company; in fact, no transaction of any consequence happens without my participation," said Chairman Sumner M. Redstone. "I'm working harder now than I've ever worked in my life," he added. This hands-on management strategy, combined with heavy investment in different types of media around the world, has translated to the bottom line: revenue is up 9% compared to last year and profit has almost doubled.