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Sunday 22 June 2025
Last Updated : GMT 09:40:38
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Sumner Redstone

US court keeps Viacom board in place for now

Themuslimchronicle, themuslimchronicleUS court keeps Viacom board in place for now190287/319
New York - Arab Today
A US judge has allowed five directors of media giant Viacom to keep their board seats for now, blocking at least temporarily their removal by controlling shareholder Sumner Redstone. But the move could turn the focus of the case to the embattled directors' request in a different court to quickly order a mental competency review of the 93-year-old Redstone, amidRead more

Viacom independent directors vow

Themuslimchronicle, themuslimchronicleViacom independent directors vow184314/504
San Francisco - Arab Today
The battle for power at media group Viacom is heating up, with six independent investors vowing to fight any attempt to oust them. At stake is the future of the $40 billion broadcast entertainment business that controls hit names like MTV, Nickelodeon and Comedy Central, as well as Hollywood giant Paramount Pictures. Billionaire Sumner Redstone has fired and replaced twoRead more

US media mogul Redstone opposes Paramount sale

Themuslimchronicle, themuslimchronicleUS media mogul Redstone opposes Paramount sale182367/393
New York - Arab Today
US mogul Sumner Redstone said he opposes the proposed sale of a minority stake in Paramount Pictures, the jewel of his media empire. "Unless Viacom's board presents a concrete plan that convinces him otherwise, Mr Redstone continues to believe that it is in the best interest of Viacom that Paramount Pictures should remain wholly owned by the parent company," saidRead more

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