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Here’s Why Google and Apple Still Don’t Offer Streaming TV Services
All around us, the landscape of the TV market continues to buckle and heave as old players scramble to hold on and new entrants jockey for position. Cable companies maintain that cord cutting isn’t a...
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Spotify Wades into Video, Can It Compete With the Giants There Already?
Most of Spotify’s 75 million subscribers probably think of it as their favorite music streaming service. Will they love it just as much for streaming video? The Swedish company is hoping--and...
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CBS, Viacom Directors Fell Down on the Job Amid Sumner Redstone’s Decline
After a judge abruptly dismissed a lawsuit over Sumner Redstone's mental competency on Monday, casual observers may conclude that the issue is settled - that at least in the view of Judge David Cowan,...
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Viacom Board Votes to Stop Paying Sumner Redstone
May 18 (Reuters) – Viacom Inc’s board voted on Wednesday to stop paying 92-year-old controlling shareholder and Chairman Emeritus Sumner Redstone, the Wall Street Journal reported, citing a person...
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Viacom Says Its Board Has Not Had Access to Redstone
Viacom said on Saturday its board members have been unable to meet with controlling shareholder Sumner Redstone because his daughter Shari is blocking access to the media mogul. Viacom’s criticism of...
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Redstone Names New Trust Members to Replace Viacom CEO
Sumner Redstone, chairman emeritus of Viacom, said on Tuesday he has appointed two new trustees to a trust that will determine the direction of the media conglomerate and CBS. The two trustees are...
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How Viacom Could Have Avoided Its ‘Game of Thrones’ Leadership Saga
While Viacom's raging succession battle surrounding owner Sumner Redstone is as compelling as the company’s TV dramas, the script is not new. Akin to Shakespeare's "King Lear", Shelley's "Ozymandias,"...
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Whatever Is Actually Going On at Viacom, Investors Seem to Like It
An aging billionaire clinging to power at a massive entertainment conglomerate, accusations of manipulation by his daughter--from whom he was recently estranged--and lawsuits by ex-girlfriends that...
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Redstone’s Granddaughter Sides With Board Over Aunt Shari
Sumner Redstone‘s granddaughter Keryn said on Wednesday she plans to support the independent directors of Viacom viab to help free the 93-year-old media mogul from the “clutches” of his daughter,...
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Here’s What’s Really Going on Inside the Fractious Battle for Viacom
June 3, 2016 Philippe Dauman's protector has turned against him and now, it seems, the CEO's days are numbered. Shari Redstone, the vice chair of Viacom viab and CBS cbs , wept for joy in the hallway...
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Viacom’s Fate Hinges on the Well-Being of a 93-Year-Old Billionaire
The seemingly interminable Game of Thrones over control of $40-billion entertainment conglomerate Viacom is being played out primarily in courtrooms now. And one of the most contentious points is the...
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Viacom Chair Is Moving Forward With Paramount Sale
Viacom chairman Philippe Dauman is fighting his mentor and boss in court for control of the media giant, but on Thursday, he said he is still moving forward with plans to sell off a major chunk of...
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Viacom Chairman and CEO Philippe Dauman Is a Dead Man Walking
Winners and losers often change places quickly in the entertainment industry, but even so, it’s staggering how quickly Viacom chairman and CEO Philippe Dauman’s fortunes have shifted in what amounts to...
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Sumner Redstone Acts to Replace 5 Board Members, Including Viacom CEO
Updated 4:50 pm Capping an extraordinary turn of events, Sumner Redstone--though barely able to utter a sentence--has today moved to seize iron-clad control of Viacom viab , by replacing five members...
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Here Are All The Ways Viacom Has Become a Hot Mess
Viacom is a mess. On Thursday, Viacom's controlling shareholder, National Amusements, announced a major board shake-up at the media giant, moving to oust five directors and replace them with five new...
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Viacom Says Earnings Will Be Lower Due to Boardroom Battle
Viacom chairman and CEO Philippe Dauman is fighting an all-out war to maintain his position at the media and entertainment conglomerate, and the collateral damage from that battle appears to have...
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Viacom Investors Pay CEO’s Legal Bills in Redstone Spat
Viacom disclosed on Friday it would foot the bill for embattled Chief Executive Officer Philippe Dauman’s legal fight against controlling shareholder Sumner Redstone, even as Wall Street cheers the...
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Philippe Dauman’s Last Stand
Philippe Dauman's fate as CEO of Viacom is now in the hands of a Delaware court, which must decide whether 93-year-old Sumner Redstone is mentally competent to make business decisions. I sat down with...
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Sumner Redstone Calls Viacom CEO Claims ‘Offensive’
Viacom controlling stockholder Sumner Redstone called it “offensive and untrue” to suggest that he was unduly influenced by his daughter to remove Viacom chief executive officer Philippe Dauman from a...
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Is the Recovery in TV Ad Spending Just a Dead Cat Bounce?
Media companies are busy drinking ros? and partying aboard yachts on the French Riviera this week, as part of the annual Cannes advertising festival. And they have plenty to celebrate--according to...
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