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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: Sumner Redstone

Sumner Redstone stories: 9 news summaries

Redstone Sued Over Midway Games Sale

Stake in Mortal Kombat company sold for peanuts for tax writeoff

May 14, 09 11:26 AM CDT
(Newser) - Creditors of the video-game company behind the Mortal Kombat series are suing Sumner Redstone and board members after Redstone, Midway’s former majority owner, sold the company in a “fraudulent transfer,” the Chicago Tribune reports. Creditors say the media mogul sold his 87% stake for just $100,000... More »

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fraud • Sumner Redstone • lawsuit • Mortal Kombat • sale • video games • Jay-ZTV • Midway Games • Michael Thomas

Debt-Laden Redstone May Sell Theaters

Media mogul may have to sell CBS stake, too, to placate bankers

Nov 25, 08 9:11 AM CST
(Newser) - With debts threatening to consume his media empire, Sumner Redstone is considering selling his family’s 1,500-screen movie theater chain, the New York Times reports. But even that may not be enough to satisfy his bankers, say people briefed on the negotiations. If things get bad enough, Redstone... More »

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Viacom • CBS • Sumner Redstone • media conglomerates

 Beverly Hills Turf War  
 Splits Wealthy Residents 

Residents of ritzy enclaves head to court over access, upkeep fees

Nov 19, 08 8:58 PM CST
(Newser) - A turf war has broken out between two upscale Beverly Hills enclaves, home to the likes of movie mogul Sumner Redstone and basketball legend Magic Johnson, the Los Angeles Business Journal reports. Residents of North Beverly Park got fed up with nannies and other employees of their South Beverly Park... More »

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real estate • Magic Johnson • Sumner Redstone • Beverly Hills • neighbors • gated community

 Redstone to Divorce (Again) 

Couple of 5 years splits 'amicably' as Viacom, CBS chief tackles $1.6B debt

Oct 22, 08 2:41 PM CDT
(Newser) - Media magnate Sumner Redstone is calling it quits with his wife of 5 years, the Los Angeles Times reports, even as the Viacom and CBS chairman tries to maneuver his family company through a debt crisis. Though the 85-year-old cited irreconcilable differences in ending his marriage to Paula Fortunato, the... More »

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Viacom • CBS • Sumner Redstone • celebrity divorces

Claims Chucked in Rather's Suit Against CBS

$70M action can go forward, but without charges against execs

Apr 10, 08 5:40 PM CDT
(Newser) - A judge dismissed today some claims of fraud, breach of good faith, and fair dealing in a lawsuit filed against CBS top brass by former anchor Dan Rather, Variety reports. The $70 million suit charges CBS made Rather a scapegoat in the firestorm following revelations “Sixty Minutes” used dubious... More »

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Dan Rather • National Guard • Leslie Moonves • Sumner Redstone • lawsuit • 60 Minutes • CBS Evening News • Andrew Heyward

Hard Work Has Cruise's Studio Poised to Strike

Now, a big hit would complete resuscitation of United Artists

Oct 4, 07 3:57 PM CDT
(Newser) - Tom Cruise and longtime producing partner Paula Wagner, 15 months after being publicly bounced from Paramount, have a line of high-end films ready to roll as they attempt to rejuvenate the United Artists studio. A hit would solidify the pair's rebuilding effort, Business Week reports, and first up is Cruise... More »

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Hollywood • Tom Cruise • Sumner Redstone • film studio • Paramount • Paula Wagner

MySpace, MTV Team Up to
Grill Candidates

Rivals unite to offer individual chats with presidential contenders

Aug 23, 07 8:02 AM CDT
(Newser) - MySpace and MTV will team up to host a series of live discussions with individual presidential contenders, Reuters reports. Held on college campuses, the hour-long sessions will offer questions from the audience as well as those submitted during the event by IM or text message. John Edwards will be the... More »

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John Edwards • Viacom • YouTube • Rupert Murdoch • MySpace • MTV • presidential debate • Sumner Redstone • News Corp

Shari Redstone Weighs Bolting From Viacom

Angry with her father, heir apparent looks to leave family business

Jul 19, 07 12:52 PM CDT
(Newser) - Viacom chairman Sumner Redstone is involved in a bitter spat with his daughter and heir apparent, Shari Redstone, that may lead to her splitting from the Viacom board. Negotiations for her separation from the media empire that counts CBS, MTV, and Paramount among its many holdings are under way, the... More »

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media • Viacom • CBS • Sumner Redstone • Shari Redstone • Brent Redstone

Google Stares Down Viacom, Copyright

How do the boys keep YouTube from turning into  Napster?

Apr 2, 07 7:51 AM CDT
(Newser) - With Viacom incubating "the biggest copyright lawsuit in history" against YouTube, the video-sharing site is beginning to smell a bit like Napster. Which leads Clive Thompson to ponder in New York why the Google boys decided to acquire YouTube—and its looming crisis—last year. And why, once they... More »

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media • Google • Internet • Viacom • YouTube • Web 2.0 • intellectual property • copyright • Sumner Redstone

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