National Amusements


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, […]

Dauman, Redstones set for Viacom court battle

The fight for control of Sumner Redstone’s Viacom is headed for a court case. A Massachusetts court has ruled that Viacom CEO Philippe Dauman (pictured) and lead board director George Abrams can make their case against parent company National Amusements during a trial in October. A judge denied a motion taken to strike the suit, […]

Viacom, NA clash over Paramount sale plan

Selling a chunk of Paramount Pictures to China’s Dalian Wanda Group would “undermine” long-term value at the Viacom-owned studio, according to National Amusements. The battle for the future of Viacom and its subsidiary Paramount reached its latest stage late last week when Viacom owner NA released a statement warning a deal would damage value for […]

Paramount sale blocked until Redstone ruling

Viacom will not be able to sell a stake in Paramount Pictures until a US judge decides on company owner Sumner Redstone’s capacity to make decisions. The potential sale of a 49% is off the table, while the Viacom board members removed by parent company National Amusements this month will actually remain in place while […]

National Amusements slams ‘vicious’ Viacom attacks

National Amusements has branded members of Viacom’s board “antagonistic” and “vicious” as the battle for the future of the US media giant rages on in public. A letter distributed to press said it regarded actions recently dismissed Viacom board members, including Philippe Dauman, as “antagonistic to the interests” of the company, and that even if […]

Redstone fury at Viacom paying Dauman costs

The parent company of Viacom has reacted furiously after the media giant revealed it would use corporate cash to finance legal and PR costs for under-fire CEO Philippe Dauman. Last week, Viacom made an SEC filing that revealed Viacom would foot the bill for costs accrued as Dauman and the rest of the axed Viacom board […]

Dauman axed from Viacom board

Viacom’s chief executive, Philippe Dauman, is one of five directors axed from the media giant’s board by parent company National Amusements. Five new directors have been elected to the board to replace those chopped, who comprise Dauman (pictured), George Abrams, Blythe McGarvie, Frederic Salerno and William Schwartz. Dauman does remain CEO for the time being, […]

Doctor: Redstone retains ‘legal mental capacity’

Sumner Redstone’s camp has released a statement that claims a renowned psychiatrist has confirmed the media mogul to be mentally capable of overseeing his empire. Dr. James E. Spar, professor at the David Geffen School of Medicine at UCLA, concluded 93-year-old Redstone “retains the legal mental capacity” to have cut Viacom CEO Philippe Dauman and […]

Viacom directors vow to fight ousting

Viacom’s international directors have vowed to legally fight their potential ousting from the US media giant. A public letter from lead independent director Fredric Salerno on behalf of six independent Viacom directors – Cristiana Falcone, Blythe McGarvie, Deborah Norville, Charles Phillips, William Schwartz and himself – was released ahead of anticipated action from Viacom founder […]

Redstone appoints Dauman board replacement

Sumner Redstone has appointed two new members to the board of his family trust in the latest twist in the ongoing battle for control of Viacom. A storm has erupted following Redstone’s decision to remove Viacom CEO Philippe Dauman and lawyer George Abrams from that board, sparking a bitter war of words and a lawsuit from […]