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Topic: Sumner Redstone


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In the News (Tue 2 Dec 08)

  
  Sumner Redstone - Wikipedia, the free encyclopedia
Sumner Murray Redstone (born Sumner Murray Rothstein on May 27, 1923 in Boston, Massachusetts) is Chairman of the Board and controlling shareholder of the Viacom and CBS Corporation media conglomerates.
Redstone has commented publicly that his stock in Viacom will be left to his daughter, Shari Redstone (Vice Chairwoman of the Board of Viacom, President of National Amusements), although he has always been vague as to whether or not she would take more of an active role within the company.
Redstone publiclly stated that he let Freston go because of Viacom's lack of agressiveness in the digital/online arena, lack of contact with investors, and a lackluster upfront (coupled with falling viewership) at MTV Networks.
en.wikipedia.org /wiki/Sumner_Redstone   (1486 words)

  
 Welcome to Viacom - Board of Directors   (Site not responding. Last check: 2007-10-23)
Redstone is Non-Executive Vice Chair of the Company’s Board of Directors, a position to which she was elected as of January 1, 2006.
Redstone is a member of the Board of Directors and Executive Committee for the National Association of Theatre Owners, Co-Chairman and Co-Chief Executive Officer of MovieTickets.com, Inc., Chairman and Chief Executive Officer of CineBridge Ventures, Inc. and Chairman and Chief Executive Officer of Rising Star Media.
Redstone is a member of the board of several charitable organizations, including the Board of Trustees at the Dana Farber Cancer Institute, the Board of Directors at Combined Jewish Philanthropies and the Board of Directors of the John F. Kennedy Library Foundation.
www.viacom.com /directors.jhtml   (1393 words)

  
 AskMen.com - Sumner Redstone
Sumner Redstone's CV reads like a list of dream jobs for the young and power-hungry: He has served as Viacom's Chairman since 1987 and was made the media giant's Chief Executive Officer in 1996.
Add Sumner Redstone's influence in entertainment to the additional properties he holds in radio, publishing and advertising, and it's no wonder many in the industry consider him to be one of the dominant pillars of modern media.
Redstone was remarried in 2003 to schoolteacher Paula Fortunato.
www.askmen.com /men/business_politics_60/79_sumner_redstone.html   (494 words)

  
 [No title]   (Site not responding. Last check: 2007-10-23)
Sumner M. Redstone is Chairman of the Board and Chief Executive Officer of Viacom.
Redstone has served as the Chairman of the Jimmy Fund (Children's Cancer Research Foundation), and was a member of the Corporation of the New England Medical Center.
Redstone began his career as Law Secretary with the U.S. Court of Appeals, and then served as a Special Assistant to the U.S. Attorney General.
www.viacom.com /sumner.tin   (1040 words)

  
 BookRags: Sumner Murray Redstone Biography
Sumner Redstone (born 1923) built a multi-billion-dollar media empire starting with a string of movie theatres in the Boston area.
Sumner Murray Redstone was born on May 27, 1923, to Max and Belle Rothstein in Boston, Massachusetts.
Redstone was forced to raise his offer for the cable company three times in a bitter takeover war with Viacom executives before he finally seized control.
www.bookrags.com /biography/sumner-murray-redstone   (1780 words)

  
 Redstone, Sumner
Sumner Redstone is one of the most powerful media moguls of the late 20th century.
Redstone's father Michael first sold linoleum from the back of a truck, then later became a liquor wholesaler, and finally purchased two nightclubs and set up one of the first drive-in movie operations in the United States.
Redstone graduated first in his class from the prestigious Boston Latin School, and then finished Harvard in less than three years.
www.museum.tv /archives/etv/R/htmlR/redstonesum/restonesum.htm   (972 words)

  
 Battling Redstones - The Boston Globe   (Site not responding. Last check: 2007-10-23)
Sumner Redstone took the family's Massachusetts' drive-in movie business, National Amusements, and built it into one of the great American media empires, Viacom Inc., owner of CBS, cable channels like MTV...
Sumner Redstone took the family's Massachusetts' drive-in movie business, National Amusements, and built it into one of the great American media empires, Viacom Inc., owner of CBS, cable channels like MTV and Nickelodeon, Paramount studios, and Infinity Broadcasting.
In his autobiography, ''A Passion to Win," Sumner Redstone described Michael as ''a difficult child" who was estranged from his parents.
www.boston.com /business/globe/articles/2006/03/31/battling_redstones   (684 words)

  
 Ken Auletta :: Articles - Redstone's Secret Weapon
Redstone was standing near the swimming pool when Malone appeared and said, “Sumner, when are you going to sell me your cable systems?” Both men smiled, knowing that their agents were negotiating for Malone’s T.C.I. and a minority-controlled cable group to buy Redstone’s cable systems.
Redstone issued a statement saying that he had traded in Viacom stock, as he had in the past, in July and August, when he thought the Paramount deal was dead; he insisted that he was ignorant of WMS’s trading.
Sumner Redstone is quick to complain that John Malone and T.C.I. or the six major record companies have organized a “cabal,” while excusing Viacom’s quest to take the risk out of capitalism by becoming vertically integrated.
www.kenauletta.com /redstonessecretweapon.html   (11504 words)

  
 Dinocrat » Blog Archive » Sumner Redstone, Martha Stewart and Dan Rather II: Redstone should not have sold ...
Sumner Redstone, Martha Stewart and Dan Rather II: Redstone should not have sold the $12 million in Viacom stock on September 14
As we reported a week ago, Sumner Redstone should not have sold $12 million in Viacom stock on 9/14, in the midst of Rathergate, and in possession of material non-public information about CBS’s increasing problems because of the scandal.
Redstone and Moonves knew of the intense dissatisfaction at many affiliates, which had not been publicly reported at the time.
www.dinocrat.com /archives/2004/09/26/sumner-redstone-martha-stewart-and-dan-rather-ii-redstone-should-not-have-sold-the-12-million-in-viacom-stock-on-september-14   (1433 words)

  
 Viacom Exec Changes: All About Sumner | paidContent.org   (Site not responding. Last check: 2007-10-23)
Viacom Chairman Sumner Redstone’s September surprise — the firing of Tom Freston and the hiring of Philippe Dauman to replace him — is being dissected every which way.
Redstone challenged critics who suggested that his actions were evidence of being either too old, too removed from the business he built or too fixated on Viacom’s stock price, which has slumped lately.
“Sumner was on record about a year and a half ago saying, ‘We’re complete, we’ve got everything we need, the company has representation in all areas of media, we have no reason to do acquisitions.
www.paidcontent.org /viacom-exec-changes-all-about-sumner   (488 words)

  
 MediaChannel.org - REPORTS | Sumner Time
When Viacom chairman and CEO Sumner Redstone sat down with Rory O'Connor for this Boston Magazine profile just over three years ago, he was a 74-year-old CEO embroiled in controversy.
Redstone was raised in Boston's West End in a tenement with no bathroom, the first-born of Michael Rothstein, who sold newspapers and linoleum before getting into the nightclub business.
In the years that followed, Viacom, as Redstone had predicted, began to expand, with cable television, program syndication, broadcasting, and entertainment programming all proving to be among the fastest-growing and most exportable parts of America's economy.
www.mediachannel.org /originals/sumner.shtml   (1493 words)

  
 Sumner M. Redstone - SourceWatch
Sumner Murray Redstone, born Sumner Murray Rothstein May 27, 1923, is Chairman of the Board and Chief Executive Officer of Viacom, a giant multinational media conglomerate.
Sumner Redstone, 80: "Irrepressible media magnate turned out to be a wishy-washy bidder for Vivendi Universal, perhaps because he harbors bigger fancy for Disney.
Through the mid-1990s Forbes ranked Redstone among the richest persons in the United States, with a net worth in excess of $4 billion." [7] (http://www.museum.tv/archives/etv/R/htmlR/redstonesum/restonesum.htm) His autobiography A Passion to Win was published in 2001 by, of course, Simon and Schuster.
www.sourcewatch.org /index.php?title=Sumner_M._Redstone   (992 words)

  
 OpinionJournal - Extra
Redstone's unexpected declaration came at a time when an unwelcome spotlight is directed at him and his board because of the CBS airing of what everyone now believes was a fake memo alleging that Mr.
Redstone's office immediately went into overdrive, denying on Wednesday that he's a raised funds for the Democratic presidential nominee.
Redstone was co-chairman of Edmund Muskie's presidential campaign in 1972.
www.opinionjournal.com /extra/?id=110005669   (661 words)

  
 Dinocrat » Blog Archive » Sumner Redstone, Martha Stewart and Dan Rather
In addition, Redstone undoubtedly had inside information at the intense dissatisfaction of CBS affiliates which was not publicly available, although some of it now has reached Jim Geraghty at National Review.
The stock sale by Redstone does not appear to be a routine sale under a SEC Rule 10b5-1 Plan, which automates a process of periodic sales of stock by executives in their own companies, as Professor Bainbridge has suggested.
With Redstone’s sale (which took place, it should be noted, before CBS had changed its characterization of its memos from “authentic” to “accurate”), I will be very surprised if we don’t see private 10b-5 actions and very possibly a major SEC investigation.
www.dinocrat.com /archives/2004/09/19/sumner-redstone-martha-stewart-and-dan-rather   (1341 words)

  
 Viacom's Sumner Redstone
Redstone grew up in the poor section of Boston, but from a very young age he was driven to succeed.
Redstone's ambition and determination were put to the test in 1979, when he was the victim of a horrific hotel fire.
Once again, Redstone beat the odds, won the battle, and found himself with Paramount, a key possession for someone who believes that content is king.
www.worldscreen.com /print.php?filename=0403redstone.txt   (3822 words)

  
 AskMen.com - Sumner Redstone pics
Redstone became Chairman of the Board of Viacom in July 1987, and through a procession of major acquisitions, proceeded to position his company as one of the leading media giants of our time.
Redstone's success in navigating Viacom through multiple high-profile acquisitions led to his appointment as the company's Chief Executive Officer in 1996.
In March of 2005, Redstone announced that he wanted to split Viacom into two publicly traded companies in order to make it more profitable than it was as a single entity.
www.askmen.com /men/business_politics_60/79c_sumner_redstone.html   (746 words)

  
 Amazon.com: A Passion to Win: Books: Sumner Redstone,Peter Knobler   (Site not responding. Last check: 2007-10-23)
Redstone began life in a hardscrabble Boston neighborhood in the early 1920s, the son of a Jewish entrepreneur and a woman determined to see her children excel.
Redstone, however, believes that while "multiculturalism" and "diversity" are just the ticket for the gentiles, his family would attend private schools in Israel.
Redstone also mentions his wife of 50+ years, as he is in the process of divorcing her.
www.amazon.com /A-Passion-Win-Sumner-Redstone/dp/0684862247   (2655 words)

  
 Sumner Redstone gives his philosophy of success in an exclusive interview with myprimetime.com
To know Redstone, is to know a man who revels in a celebration of individual will.
Redstone commemorated his 77th birthday last year with another testament to his relentless spirit: the completion of his company's $85 billion merger with CBS.
Critics said the transaction was proof that the CEO was past his prime; "razzmatazz Redstone, the foolish boss of a bloated empire," wrote one financial columnist.
www.myprimetime.com /work/life/content/pm_redstone0606   (455 words)

  
 Redstone talks about reasons he tapped Dauman   (Site not responding. Last check: 2007-10-23)
Sumner Redstone: We are not going to make any major acquisitions, not only because we have to be financially disciplined but because there is nothing out there that we would consider a major acquisition for us.
If people are patient, they will see in six months Viacom stock really rising, and then they will say, "Sumner was right, the split works." There is no reason it shouldn’t be because MTV and the (Paramount) studio are the best assets of their kind.
Redstone: (Dauman and Dooley) are the same smart, aggressive, entrepreneurial people they have always been.
www.hollywoodreporter.com /thr/business/article_display.jsp?vnu_content_id=1003087648   (1040 words)

  
 Sumner Redstone’s son sues father’s company - U.S. Business - MSNBC.com
NEW YORK - The son of Sumner Redstone, the controlling shareholder of CBS Corp. and Viacom Inc., is suing his father over what he says is a campaign to cut him out of family business interests.
Brent Redstone, who is 55, filed the lawsuit last week against National Amusements Inc., a privately held company that owns 71 percent of the voting stock of CBS and Viacom as well as more than 1,400 theaters in the United States and overseas.
The lawsuit also accuses the elder Redstone of favoritism and self-dealing, and wants the company to be dissolved and the proceeds distributed to the shareholders.
msnbc.msn.com /id/11362194   (450 words)

  
 TBS: Sumner Redstone
Redstone spoke to TBS in Dubai, during the middle of a whirlwind tour that included stops in London, Milan (to meet with Silvio Berlusconi), Kuwait (to meet with KIPCO's Faisal al-Ayyar, see Viacom in the Middle East), Dubai, and finally to Frankfurt.
Redstone frequently used the word "synergy" is his responses, and for once the word has relevance.
Redstone, without naming names, said "there are other studios which might spend $125 million to make a similar animated movie." The benefits to the Nick channel itself, plus the licensing and merchandising of Rugrats characters, is obvious.
www.tbsjournal.com /Archives/Fall00/Forrester.htm   (1908 words)

  
 Sumner Redstone - Defamer   (Site not responding. Last check: 2007-10-23)
The rest of Redstone's e-mail, heavy on the up-with-Viacom rhetoric and light on the reasons for Freston's exit, is after the jump.
Skeletal Viacom executive presence Sumner Redstone has finally tinkled the gilded bell beside his desk, the sound of which let his minions know that he is displeased with Tom Cruise and that his Paramount Pictures movie studio must immediately sever its ties with the actor's production company.
If Redstone sounds like he's hedging his bets a little with his philosophical qualifier on life and death, it's only because the seemingly immortal executive is rumored to stay vital by draining the blood of his studio executives and a little controversy keeps his supply pumping as fast as he can consume it.
www.defamer.com /hollywood/sumner-redstone   (3426 words)

  
 Bloomberg.com: Top Worldwide   (Site not responding. Last check: 2007-10-23)
Redstone declined to forecast how much the companies' stock would rise after the split, saying he ``wouldn't be disappointed'' if the shares of the new Viacom hit $43 to $50.
Redstone also said he doubted former Viacom Chief Executive Officer Mel Karmazin will be able to turn Sirius Satellite Radio Inc., the second-largest U.S. satellite radio company, into ``major challenger'' to broadcast radio.
Redstone said he has no plans to retire and would like to continue working for another 20 or 30 years.
www.bloomberg.com /apps/news?pid=10000087&sid=a58sB37XqkSk&refer=top_world_news   (638 words)

  
 Law Blog » Sumner Redstone’s Longtime Lawyer Is Viacom’s New CEO   (Site not responding. Last check: 2007-10-23)
Sumner Redstone’s Longtime Lawyer Is Viacom’s New CEO
Viacom Chairman Sumner Redstone dramatically reasserted his control over the media giant, forcing the resignation of CEO Tom Freston, in the face of a weak stock price and increasing questions about the company’s online strategy.
Redstone had just bought 5% of Viacom as an investment and needed someone to fill out a 13D form for the SEC.
blogs.wsj.com /law/2006/09/05/sumner-redstones-longtime-lawyer-is-viacoms-new-ceo   (613 words)

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