Hints and tips:
...Other media moguls, from William Randolph Hearst to Viacom’s Sumner Redstone, fought against the dying of their influence over rivals, readers and viewers....
...Redstone spent the twilight years of his long life feuding over control of Viacom and CBS as lurid details of his personal life and sexual affairs emerged in the press....
...That recalls Redstone’s attempts to chair CBS and Viacom even as he was reduced to communicating with an iPad with audio clips such as “yes”, “no” and “fuck you”....
...He was chief executive of Viacom from 1996 through 2005, after which he continued to serve as executive chairman of Viacom and CBS....
...It is enough to rival Sumner Redstone, who tried to remain chairman of his media conglomerates, CBS and Viacom, when he could no longer speak....
...In 1994 he added Paramount Pictures to Viacom, defeating Barry Diller, a former chairman of the film studio, in a drawn-out bidding battle....
...In 1987 he bought the media group Viacom for $3.4bn, patching together a bid through financing from Michael Milken, the junk bond king, and triumphing over a rival offer from the company’s management....
...Sumner Redstone transformed a regional drive-in cinema chain into a global entertainment empire spanning the Paramount film studio and two of the most prominent US media companies: Viacom, home to MTV and...
...Last week, Ms Redstone won through, when CBS and Viacom agreed to her longstanding plan to merge the companies, separated by Mr Redstone 14 years ago....
...Ms Redstone has hinted that the combination of Viacom and CBS may be only the start....
...Sorrell is still livid about his exit and, when we spoke last month, he went further than usual: calling for the head of Mark Read, his former protégé and successor as chief executive....
...CBS and Viacom, the mighty media businesses controlled by the Redstone family, have also kept viewers guessing on their reunion, until now....
...(Reuters) Mondelez to buy THL-owned bakery for $1.2bn (BBG) Viacom’s ex-finance chief to buy majority stake in Univision (BBG) Due Diligence is written by Arash Massoudi, Kaye Wiggins and Robert Smith...
...The latest entrants to the race are Viacom and CBS. They’re in the process of negotiating a merger 13 years after they were split by controlling shareholder Sumner Redstone....
...CBS ultimately lost that fight and, as Mr Moonves fell out with the board, the company came to an agreement with National Amusements that kept the Redstone vehicle from proposing merger talks with Viacom...
...Viacom and CBS were separated in 2005 by Sumner Redstone, Ms Redstone’s father....
...Ray McGuire, Citigroup’s global head of corporate and investment banking, will become chairman of the new unit and vice-chairman of Citigroup and will spend his time “managing senior global client relationships...
...Ms Redstone has been a big proponent of the merger of CBS and Viacom. But others said Mr Moonves’ departure was overdue....
...At present, Shari Redstone the head of the investment firm National Amusements, is litigating against CBS....
...In turn, National Amusements, the investment vehicle of the Redstones, agreed it would not propose to merge CBS with Viacom for two years, unless two-thirds of board directors unaffiliated with the Redstones...
...The US television network CBS, led by its chairman and chief executive Les Moonves, is locked in a legal battle in Delaware with Shari Redstone, heir to its sister company Viacom....
...When Les Moonves, chairman and chief executive of the US television network CBS, was asked two years ago why he might not want a merger with its sister company Viacom, he joked, “Because I’m too old and...
...The company’s management has fiercely resisted the push by Shari and Sumner Redstone to combine CBS and its former sister entertainment group, Viacom....
...merger with Viacom, the other media company controlled by the Redstones....
...A deal would reunite CBS and Viacom 13 years after Ms Redstone’s father, Sumner, split them in an effort to allow Viacom to grow faster....
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