1. Articles from variety.com

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    1. Can Leslie Moonves’ Audacious Strategy Swing the Votes in CBS’ Favor?

      Can Leslie Moonves’ Audacious Strategy Swing the Votes in CBS’ Favor?

      Sumner Redstone seized control of Viacom in a hostile takeover in 1987. He then made sure that no other corporate raider could take it from him, dividing the company’s stock into voting and nonvoting shares. Thirty years later, Redstone’s absolute control is under threat not from an external foe but from within...

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    2. CBS and Viacom Merger Discussions Set to Accelerate, but Valuation Remains a Big Hurdle

      CBS and Viacom Merger Discussions Set to Accelerate, but Valuation Remains a Big Hurdle

      Board members from CBS Corp. and Viacom are expected to meet as soon as next week to begin discussions on the valuations of both companies for a possible merger. Executives at both media companies have been hip-deep in crunching numbers and preparing financial data to guide the discussions between the members of the special committees assembled to consider options for a CBS - Viacom reunion...

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    3. Shareholder Lawsuit Accuses CBS Board of Granting ‘Gratuitous’ Sumner Redstone Salary

      Shareholder Lawsuit Accuses CBS Board of Granting ‘Gratuitous’ Sumner Redstone Salary

      A CBS shareholder charges in a new legal filing that corporate board members and CEO Leslie Moonves were “recklessly profligate” when they approved nearly $13 million in pay over three years for one-time chairman Sumner Redstone , after it became clear that he was “incapacitated beyond recovery.” The most damning new evidence in the amended complaint, filed in Delaware Chancery Court, comes from Redstone’s own admissions about his condition, in a lawsuit against two former caretakers and paramours — Manuela Herzer and Sydney Holland. The filing says that the corporate leaders looked out for ...

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      Mentions: CEO stock options
    4. Viacom CEO Philippe Dauman to Skip Sun Valley Media Conference

      Viacom CEO Philippe Dauman to Skip Sun Valley Media Conference

      Viacom chief Philippe Dauman has opted not to attend Allen & Company’s Sun Valley media conference, a spokesman for the company said Thursday. The exclusive gathering of moguls and billionaires was being closely watched because Shari Redstone , who is battling with Dauman for control of Viacom, is on hand. She has been seen at the resort with CBS chief Les Moonves and with Nicole Seligman, a former Sony executive and newly named board member...

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      Mentions: Conference CEO
    5. Moonves Shoots Down Viacom Merger Rumors, Again, at CBS Annual Meeting

      Moonves Shoots Down Viacom Merger Rumors, Again, at CBS Annual Meeting

      One shareholder asked the Viacom question. Leslie Moonves talked up the pending launch of Showtime as a digital-only option. The four items on the agenda were passed by better than 97% margins, and the entirety of CBS’ 2015 annual shareholders meeting on Thursday morning was completed in just under 30 minutes. “No company in better position to benefit from a dynamic shifting marketplace than CBS,” Moonves said during his state-of-the-company presentation...

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    1-9 of 9
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