Shari Redstone


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 […]

Former News Corp digital boss joins Maker Studios investor

Jon Miller, News Corp’s former chief digital officer, has resurfaced as a partner at Advancit Capital, an investment firm that has backed digital video firms Maker Studios and Mitu. Miller (pictured) left News Corp in August last year after three years as its top digital executive, where he was in charge of Fox’s investment in […]