Sumner Redstone


Moonves ‘approached’ Time Warner over merger

CBS CEO Les Moonves had talks with Time Warner chief executive Jeff Bewkes last year about a possible merger of the two companies, according to a report by Bloomberg,citing unnamed sources. However, the discussions came to nothing because Bewkes was not interested in a combination, according to the report. Moonves’ reported overtures to Time Warner […]

Moonves: CBS doesn’t need merger

Les Moonves has appeared to pour cold water on speculation US broadcast network CBS may merge with sister media giant Viacom. Talk of a merger of CBS and Viacom, which are both controlled by Sumner Redstone’s National Amusement Inc. and previously operated as the same company, has got louder over the past year. However, CBS’s […]

Moonves eyes CBS buy-out

CBS Corp.’s CEO Les Moonves has been linked with a buy-out of the US broadcaster, a move that could head off a potential merger with Viacom. CBS and Viacom are both owned by 91-year-old Sumner Redstone and his National Amusement Inc. vehicle. The New York Post reported Moonves wants to take control of that shareholding. Viacom’s […]

Viacom CEO Dauman extends contract

Philippe Dauman has extended his contract as president and CEO of US media giant Viacom by another two years. Dauman, heavily tipped to inherit Sumner Redstone’s empire upon the 91-year-old mogul’s passing, will remain in his post until December 31, 2018 after signing the new deal. Viacom operates cable channels such as MTV, Comedy Central […]

Moonves gets prodco deal in contract renewal

Les Moonves will remain as president and CEO of US broadcast group CBS Corp. until at least 2019, at which point he will have the option to launch an affiliated production company of this own. His prior contract was due to end in 2017, but has been extended to years to June 30, 2019, the […]

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 […]

CBS’s Moonves banks $62m

Leslie Moonves, the CEO of CBS Corp, banked an eye-watering US$62 million last year. The compensation package, totalling almost US$62.2 million, means Loonves remains one of the highest paid executives in television. However, the figure, which was disclosed in a SEC filing over the weekend, is 11% down on his 2011 renumeration of US$69.9 million. […]