National Amusements


Moonves still CEO as CBS seeks outside counsel on misconduct claims

The CBS Corporation’s board of directors is now seeking outside counsel to conduct an independent investigation into its CEO Leslie Moonves, after he was accused of sexual harassment. CBS’ board of directors met this Monday to decide on the best way to react in response to sexual harassment claims made against its chief exec in […]

CBS shareholders launch class action lawsuit against National Amusements

CBS shareholders have officially launched a class action lawsuit against its majority stakeholder National Amusements, investment firm of Sumner Redstone and family. The suit claims that National Amusements, now run by Redstone’s daughter Shari Redstone, has breached its fiduciary duty. Class B shareholders of CBS claim that Redstone has not acted in the company’s best […]

NATPE: Bakish outlines Viacom turnaround plan

New Viacom CEO Bob Bakish has begun to flesh out a plan to turn the US-based media giant around after a tumultous period for the business, he revealed here at NATPE Miami yesterday. Bakish (pictured) said he is working up a plan to “put the magic” back into the company, and speaking to TBI after […]

Viacom names Levy global COO

Viacom’s worldwide entertainment arm has named Sarah Levy as its COO. Levy will oversee operations and strategy for Viacom Global Entertainment Group (VGEG)’s domestic cable channels and those networks that sit within the Viacom International Media Networks division. She has been promoted, having formerly been COO of Viacom Kids & Family Group, which was rebranded […]

Official CEO in as Viacom-CBS merger crumbles

Bob Bakish has been named permanent president and CEO of Viacom after the potential re-merger with CBS evaporated. Bakish has been acting CEO since November 15 after Tom Dooley stepped down from his interim post, and will now become full-time chief. The appointment came after Viacom confirmed media reports yesterday that revealed the merger with […]

CBS ‘hires bank’ for Viacom merger

The potential recombination of National Amusements subsidiaries CBS Corp. and Viacom has moved another step forward. CBS has retained banks Moelis & Co. and Goldman Sachs to advise on the possible merger, which has been on the table since Shari Redstone and her father, Sumner Redstone, took more active control of Viacom after their battle […]

CBS chief: Viacom merger ‘must be attractive’

CBS Corp. will only recombine with Viacom “if it looks rights and is structured properly”, according to chairman and CEO Les Moonves. Speaking on an investor call yesterday, Moonves said the currently healthy financial and creative position of CBS meant merging with Viacom, which has the same parent company, “if it is in the best […]

Viacom merging US and int’l under Bakish

Viacom’s international and US channel groups are merging into a new unit that Bob Bakish will lead as interim company president and CEO. Viacom International Media Networks and domestic networks arm Viacom Music and Entertainment Group are coming together as Viacom Global Entertainment Group (VGEG). Furthermore, the Viacom Kids and Family Group, which Cyma Zarghami […]

Bakish ‘set for interim Viacom CEO role’

Viacom’s international president and CEO, Bob Bakish, is set to be named interim chief executive of the wider business as the possibility of a merger with CBS is explored. Bloomberg cited unnamed sources as saying Viacom International Media Networks boss Bakish was “close” to landing the post. Current interim CEO Tom Dooley is leaving the […]

Redstones push for Viacom-CBS merger

The majority shareholder of Viacom and CBS has urged the US media giants to re-merge. National Amusements has sent an open letter to CBS Corp. chairman, president and CEO Les Mooves (pictured) and the Viacom board of requesting they “explore a potential combination”. CBS and Viacom operated as one company between 1999 and December 2005, […]

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