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Viacom Wants In On Vice
Friday, December 2, 2016 - 9:46am | 315Media conglomerate Viacom, Inc. (NASDAQ: VIAB, led by new CEO Robert "Bob" Bakish, is said to be considering buying a stake in millennial digital media start-up Vice, according to a New York Post report “Bakish wants to make his mark on the struggling media giant and is out to show his board...
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Here's What Jefferies Expects From Viacom's Strategic Plan
Monday, September 19, 2016 - 1:40pm | 561Viacom, Inc. (NASDAQ: VIAB) is likely have a strategic shift under Tom Dooley, the interim CEO who is expected to succeed Philippe Dauman on a full-time basis by the end of the month. Jefferies examined various strategic options for Viacom and is not expecting any deal to come out of last week's...
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Bloomberg: Viacom's Shari Redstone Considering Recombining Company With CBS
Monday, August 29, 2016 - 7:52am | 383Shari Redstone, daughter of the ailing 93-year-old Sumner Redstone, is now in control of her father's media empire, Viacom, Inc. (NASDAQ: VIA) (NASDAQ: VIAB) and will soon need to decide how to proceed. According to a report by Bloomberg, Shari Redstone is considering a move to recombine Viacom...
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Judge Puts Brakes On Sumner Redstone's Plan To Oust Board Members
Thursday, June 23, 2016 - 2:13pm | 224Sumner Redstone's plan to change five board members at Viacom, Inc. (NASDAQ: VIAB) has been put on hold by the Delaware Court. Until the mental competency of 93-year-old Redstone is determined, any decisions regarding the makeup of the board will be postponed, according to a Wall Street Journal...
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Report: Viacom Looking To Replace Its CEO And Entire Board
Tuesday, May 31, 2016 - 8:36am | 208A new CEO change may be coming to Viacom, Inc. (NASDAQ: VIAB), according to the New York Post. Sumner Redstone, the ailing 92-year whose family controls 80 percent of Viacom's Class A voting shares, recently removed the company's CEO Philippe Dauman and George Abrams, a Viacom board member, from...
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CEOs Vs. Hedge Fund Managers: Who Gets Paid Better?
Thursday, May 26, 2016 - 9:49am | 715Do you want to become a billionaire? What about running a company? Ever wondered if you’d get richer making it to CEO or as a money manager? Well, Benzinga’s got some pointers for you. The Associated Press and Equilar, an executive data firm, recently published a list of the 10 highest-...
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Confusion Over Viacom's Plans To Sell Paramount Stake Continues
Wednesday, April 13, 2016 - 8:48am | 266Viacom, Inc. (NASDAQ: VIAB) has been actively looking for a buyer for its stake in Paramount. After all, the move received the blessing of the company's controlling shareholder, Sumner Redstone. Or so, Viacom's CEO Philippe Dauman thought. It turns out, Dauman misheard Redstone's desires to support...
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Sumner Redstone Doesn't Want To Sell A Stake In Paramount
Tuesday, April 12, 2016 - 10:18am | 213The Wall Street Journal reported late Monday evening that Viacom, Inc. (NASDAQ: VIAB)'s CEO Philippe Dauman may have misunderstood Sumner Redstone's desires to sell a stake in Paramount Pictures, as has been previously reported. Related Link: Sumner Redstone To Step Down As Head Of CBS...
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CBS Establishes Succession Plan, CEO Les Moonves To Become Chairman
Tuesday, December 22, 2015 - 8:40am | 176CBS Corporation (NYSE: CBS) CEO Leslie Moonves will take over as Chairman of the Board following the death of 92-year-old Sumner Redstone, according to a Bloomberg report. Redstone currently serves as Chairman on both CBS's and Viacom, Inc. (NASDAQ: VIAB)'s Boards and controls the...
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Market Wrap For March 31: Stocks Rally As Yellen Confirms Support For Economy
Monday, March 31, 2014 - 3:37pm | 2097U.S. stocks rose in the final day of the first quarter as the Fed's boss Janet Yellen said there is still room for the central bank to further boost the economy. Yellen, speaking in Chicago today, said the scars from the Great Recession remain, and reaching our goals will take time." Yellen...
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'Streaming Only Cable Service is Coming,' Say Experts
Thursday, December 12, 2013 - 9:37am | 581Speculation about so-called over-the-top or streaming cable via the Internet has been around for years. According to some TV-industry experts, it may be about to happen – as early as in 2014. Viacom (NASDAQ: VIA) CEO Philippe Dauman started the ball rolling at the UBS media conference in New...
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These Are the 100 Highest-Paid CEOs in Business Today
Monday, April 8, 2013 - 3:30pm | 2706The New York Times has published a list of the 100 highest-paid CEOS at U.S. public companies in 2012. Oracle (NASDAQ: ORCL) chief executive Larry Ellison is far and away the highest paid CEO on the list, as his $96.2 million in 2012 compensation dwarfs every other member on the list. The top ten...
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Quotes From Entertainment Executives
Friday, September 24, 2010 - 6:50am | 511Goldman Sachs published a research report for Entertainment Investors, giving quotes from chief staff of Viacom (NYSE: VIA.B), Time Warner (NYSE: TWX), News Corp. (NASDAQ: NWSA), and Disney (NYSE: DIS). Quotes are as follows: Viacom – Philippe Dauman, CEO “But when you look at the severity of the...