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Sumner Redstone

Dan Rather Sues CBS, Viacom, & Three Execs for $70 Million

Authored by Scott Goldberg on September 19, 2007 - 9:50am.
Dan Rather is suing CBS, Viacom, Leslie Moonves, Sumner Redstone, and Andrew Heyward for the situation surrounding his firingNew York - Through his attorneys at Sonnenschein Nath & Rosenthal LLP, Dan Rather has sued CBS, Viacom, and executives Leslie Moonves, Sumner Redstone, and Andrew Heyward for $70 million.  Rather is seeking damages caused by his discredited report about President Bush’s National Guard service, which led to his firing.  He believes the parties involved in the suit made him a scapegoat, and that his termination violated his contract.
tags: Law | TV | Viacom | CBS | HDNet | Sumner Redstone | Leslie Moonves |

Video Game Publisher Midway Faces Investor Lawsuits

Authored by Mark Hefflinger on July 23, 2007 - 1:52pm.

Chicago - Video game publisher Midway Games is facing eight separate class action lawsuits, filed on behalf of shareholders who allege the company either failed to disclose or misrepresented facts related to its performance, and engaged in insider trading.

tags: Games | Law | Lawsuits | Midway Games | Investments | Sumner Redstone |

Buzz Watch: Sumner Redstone Wants to Be Friends with Tom Cruise Again

Authored by Jay Baage on March 2, 2007 - 2:35pm.
Viacom Chairman Sumner Redstone wants to be friends with Tom Cruise again and says that he never fired him from Paramount to People Magazine: "What happened was, I just gave an interview to the Wall Street Journal. In the course of it, they asked me what was going on. I said, you know, he would no longer be in the lot. They treated that like I was firing him. I didn't fire him! I had nothing to do with it. But they treated it explosively. And I didn't like it."
tags: Viacom | Paramount | Film | Buzz watch | Sumner Redstone | Tom Cruise |

ANALYSIS: Does Sumner Redstone Have The Guts To Fire New Viacom's CEO Tom Freston?

Authored by Jay Baage on August 28, 2006 - 9:49am.
Tom FrestonMTV is slowly turning its ship to head in a new direction. The problem is not what the company has done in the past 25 years, I would argue it is what it has not done in the past 5 years. It missed a number of new media opportunities seized by Apple’s iTunes, News Corp’s MySpace and YouTube. The man responsible for that is New Viacom CEO Tom Freston. But MTV’s new President Christina Norman finally promises new initiatives “in the next couple of months” including a social network of their own.
tags: Internet | Tech | TV | MTV | Viacom | Christina Norman | New Media | Tom Freston | Sumner Redstone |