Shari Redstone


Shari Redstone ‘does not want to run Viacom’

The bitter dispute between the Redstones and several directors of Viacom is rumbling on, with Shari Redstone, daughter of Sumner, stating she does not want to run the media giant. In the latest salvo in the battle for control of Viacom, Shari Redstone’s team issued a statement that said the mogul’s daughter “has made it abundantly […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]