Sumner RedstoneSumner Redstone, Midway Games Board Sued by CreditorsAuthored by Mark Hefflinger on May 14, 2009 - 10:32am.
Chicago
- Creditors of bankrupt game publisher Midway Games (NYSE: MWY) have filed a complaint
against the company's former majority shareholder, Sumner Redstone, as well as
its current owner and board, over the sale of control of the company to a
person the creditors claim is "wholly unsuitable." Redstone sold his
87% stake in Midway to Massachusetts
resident Mark Thomas for just $100,000 in November; Thomas also assumed $70 million
in Midway debt owed to Redstone's National Amusements.
Midway Games to Cut 25% of Jobs, Suspend Some TitlesAuthored by Mark Hefflinger on December 16, 2008 - 11:25am.
Redstone Sells Majority Stake in Midway GamesAuthored by Mark Hefflinger on December 1, 2008 - 10:31am.
tags: Games | Deals | Acquisitions | Midway Games | National Amusements | Sumner Redstone | Mark Thomas |
Dan Rather Sues CBS, Viacom, & Three Execs for $70 MillionAuthored by Scott Goldberg on September 19, 2007 - 9:50am.
New 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.
Video Game Publisher Midway Faces Investor LawsuitsAuthored 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. Buzz Watch: Sumner Redstone Wants to Be Friends with Tom Cruise AgainAuthored 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."
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.
MTV 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 |
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