Philippe Dauman

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 […]

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 battle as Redstone hits out at Dauman

Viacom owner Sumner Redstone has hit out at CEO and executive chairman Philippe Dauman, saying he has made “baseless attacks and misrepresentations” and has removed him from a trust that controls Viacom and CBS. A bitter war of words has broken out with media commentators suggesting Redstone’s move is designed to put his daughter Shari […]

COO upped as Viacom creates indie director role

Viacom’s COO, Thomas Dooley, has been handed a new contract following the news the US media giant had created a new lead independent director role. Dooley, also Viacom’s senior executive VP, is now contracted with Viacom until December 31, 2018. His previous deal was due to finish at the end of the year, having been […]

Dan Mintz firm linked to $2bn Paramount stake

Dan Mintz’s DMG Entertainment has been named a potential buyer of a 40% stake in Viacom’s film division, Paramount Pictures. According to Deadline, DMG is prepared to pay US$2 billion for the stake, which would make the LA- and Beijing-based company a significant shareholder in Paramount. Viacom put a chunk of Paramount up for sale […]

Viacom looks to sell Paramount stake

Viacom is exploring selling a “significant” minority investment in its TV and film studio Paramount Pictures. Viacom chairman and CEO Philippe Dauman confirmed the news at the Jefferies Media and Communications Conference in New York City, saying: “We have received indications of interest from potential partners seeking a strategic investment in Paramount Pictures and I have decided to […]

Viacom’s shareprice dives, Dauman attacks ‘naysayers’

Viacom’s share price fell to its lowest point since 2010 yesterday after disappointing results and an earnings call in which Philippe Dauman slammed “naysayers” for questioning the strategic direction of the company. Speaking on the call, Viacom CEO Dauman, who earlier this month was also named executive chairman of US media giant, described 2015 as […]

Analysts assess Dauman, Moonves appointments

Analysts have predicted Viacom will likely to remain on the same strategic course after the appointment of Philippe Dauman as executive chairman given Sumner Redstone, the previous chairman, has been “substantially less active in recent years”. Moody’s issued a note on US-based media giant Viacom in the wake of Dauman assuming the new role, an […]

Dauman named Viacom executive chairman

Philippe Dauman has been named executive chairman of US media giant Viacom, an appointment that board member Shari Redstone has publicly opposed. Dauman (pictured) replaces Shari Redstone’s father, 92-year-old Sumner Redstone, as chair, in a repeat of the top-level changes at Redstone’s other media giant, CBS, this week. That saw Sumner Redstone resigning his chairman […]