Sumner Redstone

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Q2-2015: Cable Networks props CBS revenue to 1% growth

The company’s slight revenue growth was propped by a 19.2 per cent growth by its Cable Network segment, which is one of the four that contribute to the company’s numbers.

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CBS posts profit of $335 mn in fourth quarter

MUMBAI: US media conglomerate CBS has recorded a profit in the fourth quarter from a year ago period. This included a major charge to write down the value of its television and radio businesses CBS reported net income of $335 million, or 43 cents per share, in the October-December period. A year...

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Viacom's CEO visits Dubai International Film Festival

MUMBAI: The second editon of the on-going Dubai International Film Festival (DIFF), organised by the Dubai Media City, was attended by Viacom chairman and chief executive officer Sumner Redstone and noted Bollywood filmaker Subhash Ghai amongst others. Redstone last visited Dubai fives year ago. He...

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Viacom suffers $487.6 million loss due to Blockbuster split off

MUMBAI: Media conglomerate Viacom which owns MTV, Paramount and Nickleodeon has posted a loss of $487.6 million for the third-quarter ended 30 September 2004.. Its earnings were affected by a $1.5 billion charge related to its sale of the Blockbuster home video video rental outlet. On a more...

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Viacom elects Charles Phillips to its board of directors

MUMBAI: Viacom has announced that Oracle president Charles E. Phillips, Jr has been elected to its board of directors. Phillips will serve on the audit committee of the Viacom Board. The election of Phillips brings the total number of Viacom Board members to 14, filling the seat vacated by the...

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