Viacom will not be able to sell a stake in Paramount Pictures until a US judge decides on company owner Sumner Redstone’s capacity to make decisions. The potential sale of a 49% is off the table, while the Viacom board members removed by parent company National Amusements this month will actually remain in place while […]
Viacom’s chief executive, Philippe Dauman, is one of five directors axed from the media giant’s board by parent company National Amusements. Five new directors have been elected to the board to replace those chopped, who comprise Dauman (pictured), George Abrams, Blythe McGarvie, Frederic Salerno and William Schwartz. Dauman does remain CEO for the time being, […]
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 […]
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 […]
