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Viacom CEO Named Chairman, But Game of Thrones Continues
There may be a lot less blood and fewer dragons, but there’s a very real Game of Thrones going on at Viacom, and we are still in the early chapters. On Thursday, Viacom CEO Philippe Dauman was named...
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New Crack in the House of Redstone (Fortune, 2007)
Editor’s note: On Thursday, Viacom announced that Philipe Dauman would be taking over the chairman role from the company’s long-time leader 92-year-old Sumner Redstone. This July 2007 article from...
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Viacom’s Family Feud Isn’t Over
We've written a lot in CEO Daily about shareholder activists. But what happens when the activist is a member of the founder's family? That's the position Viacom now finds itself in, having chosen CEO...
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Ad Deal with Snapchat Is a Lone Bright Spot at an Ailing Viacom
Viacom may have settled (for now at least) questions over who is running the show, with CEO Philippe Dauman taking on the added role of chairman. But that hasn’t changed the stock market’s pessimistic...
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Sumner Redstone’s Ex-Girlfriend Could Lose Out on $70 Million
Breakups can be tough. Last year, billionaire media mogul Sumner Redstone ended his relationship with now ex-girlfriend Manuela Herzer and now Herzer could lose out on roughly $70 million in cash and...
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These Are the Nastiest Things CEOs Have Said
Viacom Inc’s CEO Philippe Dauman rattled investors by lashing out at critics on a conference call, but his comments were not nearly as outrageous as those of some other heads of companies. In his...
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Investors Are Still Nervous About TV Companies, With Good Reason
It’s not a great time to be a media company with a big stake in traditional television. While companies like Disney and Time Warner have reported better-than-expected results this week, investors keep...
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Why Hollywood Is Still a ‘Straight White Boys Club’
When it comes to including women, minorities, and LGBT people in all aspects of production, Hollywood gets a failing grade, according to a new study. The report says the film industry “still functions...
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Viacom Needs to Sell Assets or Take Itself Private
Viacom’s share price has gotten a bit of a boost over the past week or so, rising by about 10% from its lows VIAB . Unfortunately for the movie and TV company, that means it is still more than 50%...
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How Viacom Is Finally Playing Ball With Its Investors
It looks like Viacom’s management is finally giving in to investors’ demands. The mass media company, which is in charge of the MTV and Nickelodeon channels, has been under a hailstorm of investor...
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Viacom CEO Dauman Has to Testify About Redstone’s Mental State
Viacom Chief Executive Philippe Dauman’s lawyers failed to persuade a New York judge to quash his deposition in a high-profile lawsuit over media mogul Sumner Redstone’s mental competency. In a hearing...
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Why Viacom Shareholders Have No Power and Have Little Chance of Getting Any
Even if they wanted to, Viacom’s viab public shareholders have no power to challenge CEO Philippe Dauman’s pay package or the company’s directors. In fact, most shareholders don't even have a vote. So,...
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DreamWorks CEO Jeffrey Katzenberg: We’re Interested in Paramount Pictures Merger
March 1 (Reuters) – Hollywood studio DreamWorks Animation SKG Inc would be interested in a merger with Viacom Inc’s Paramount Pictures, the company’s chief executive said on Tuesday. “I could imagine...
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‘Paranormal Activity VR’ Game Debuts at GDC, SXSW
Epic Games’ VR Lounge at the Game Developers Conference (GDC) in San Francisco March 14-16 will serve up the worldwide premiere of the latest Paranormal Activity horror. But after six films earning...
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Viacom’s Redstone Says ‘No’ to CEO’s Plan to Sell Paramount Stake
Ailing Viacom controlling shareholder Sumner Redstone opposes Chief Executive Officer Philippe Dauman’s plan to sell a minority stake sale in Viacom’s Paramount Pictures movie studio, the Wall Street...
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Sumner Redstone Won’t Testify in His Mental Competency Trial
A California judge declined to order a deposition of Sumner Redstone after lawyers for the 92-year-old media mogul said on Thursday they do not plan to call him to testify at a trial over his mental...
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Viacom Carriage Deal With Dish Set to Expire Wednesday
Viacom’s carriage deal with Dish Network is scheduled to expire on Wednesday and no agreement is in sight, a Viacom spokesman told Reuters on Tuesday. “We are extremely disappointed that DISH has not...
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Dish vs. Viacom Fight Is All About the Shifting Balance of Power in TV
You can tell how badly things are going in a disrupted market when the various players start attacking each other, trying to win even a small advantage as the landscape around them continues to heave...
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Viacom and Dish Let Deadline Pass With No Programming Deal
A midnight deadline has passed without the announcement of a programming deal between Viacom viab and Dish Network dish . A spokesperson for Viacom declined to comment Thursday. Postings on social...
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Viacom and Dish Network Agree to Renew Contract
Viacom said on Thursday reached an agreement with Dish Network, averting a blackout of its programs on the satellite TV network. News of the accord helped send Viacom’s shares up over 9.7% in late...
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