National Amusements


Viacom battle takes new turn with Dauman lawsuit

The increasingly bitter battle between Philippe Dauman and Sumner Redstone has taken a new turn with Viacom CEO Dauman issuing a lawsuit in an attempt to reverse a decision to removed him from a Redstone family trust. Dauman issued the lawsuit yesterday, alleging Sumner’s daughter Shari Redstone removed him from the trust illegally, and that Sumner […]

Viacom expects Paramount stake sale soon

Viacom chairman and CEO Philippe Dauman expects to have agreed to sell a stake in film studio Paramount Pictures by the end of the next financial quarter. Various analysts and commentators have speculated minted Chinese companies such as e-commerce giant Alibaba were likely buyers of the “significant” minority stake, which was put up for sale […]

Moonves backed at CBS as Viacom fight looms

Shari Redstone has backed Les Moonves to “lead CBS into the digital future” after he was nominated to succeed her father as chairman of the US broadcaster, amid growing speculation over Viacom’s future. Moonves, currently president and CEO of CBS, is to become its chairman, with Sumner Redstone, 92, who controls both CBS and Viacom […]

Redstone successor ‘decided by trust’

CBS and Viacom owner Sumner Redstone has played down suggestions to will hand the keys to his empire to daughter Shari, and instead said a decision will be made by a seven-member trust. The 92-year-old mogul has been wrestling with succession plans for some time, while several US media reports this week suggested his thinking […]