Sumner Redstone Profile

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Sumner Redstone News / Gossip

• Redstone's firm sells $233 million worth of stock in Viacom, CBS

  Los Angeles Times - Found 12 hours ago Billionaire Sumner Redstone's National Amusements Inc. said Monday that it had sold $233 million worth of stock in Viacom Inc. and CBS Corp. Mixed Reception for CBS Profit Warning - Smart Money UPDATE: Analysts Take Mixed View Of CBS After Warning - Morningstar.com After Stock Slaughter, What's Next for Redstone? - Contentinople National Amusements completes sale of Viacom, CBS stock - Los Angeles Business Explore All

• Slowing Ad Market Slams Sumner Redstone's Empire

  Advertising Age - Found Oct. 10, 2008 ... both cable and broadcast TV. Former corporate siblings CBS and Viacom, both controlled by Chairman Sumner Redstone, warned investors they're... Media stocks fall on Viacom warning - CTV.ca VIACOM SHARES FALL 11.7 PCT TO $17.73 AFTER COMPANY UPDATES OUTLOOK - Forbes.com BRIEF-Viacom sees Q3 adjusted shr about $0.53 to $0.55 - Forbes.com Viacom warns of third-quarter profit shortfall - Forbes.com Explore All

  Hollywood Reporter

• Sumner Redstone forced to sell Viacom, CBS shares

  Los Angeles Times - Found Oct. 11, 2008 Billionaire Sumner Redstone got caught in the credit crunch Friday. Redstone selling Viacom, CBS Corp. stock - TMC Net SUMNER TAKES A FALL - New York Post Redstone cuts stake in Viacom, CBS by one-fifth - Boston Globe National Amusements unit to sell off $400M in Viacom, CBS shares to ... - Biz Journals Explore All

  New York Post

• WRAPUP 1-Viacom, CBS warn ad market sinking results

  Forbes.com - Found Oct. 11, 2008 20 percent in their worse single-day fall since they split into separate companies in late 2005. Both are still controlled by Sumner Redstone. Viacom, CBS cut profit forecasts - Globe and Mail Viacom, CBS cut profit forecasts - Globe Investor Viacom Adjusts Earnings Downward - Broadcasting & Cable Viacom Updates Full Year 2008 Business Outlook - TickerTech.com Explore All

• UPDATE 2-Redstone company to sell 20 pct of CBS, Viacom stake

  Reuters - Found Oct. 10, 2008 ... price) LOS ANGELES, Oct 10 (Reuters) - National Amusements Inc, a privately held company controlled by Sumner Redstone, will sell more than 20... Redstone's vehicle to sell some Viacom, CBS shares - Boston Globe National Amusements to Sell Portion of Non-Voting Viacom and CBS ... - Globe Investor National Amusements to Sell Portion of Non-Voting Viacom and CBS ... - Forbes.com National Amusements to Sell Portion of Non-Voting Viacom and CBS ... - PR inside Explore All

  Boston Globe

• Financial crisis weighs on Sumner Redstone's media empire

  MarketWatch - Found Oct. 10, 2008 Sumner Redstone, the 85-year-old titan of the media industry, got caught in a credit squeeze during the global financial crisis, and it's going to

• No Media Bailout

  Seeking Alpha - Found 2 hours ago ... triggered by the sale of $233 million in non-voting stock by Viacom and CBS Chairman Sumner Redstone to satisfy automatic loan covenants, was...

• Mobile TV five years away

  Advanced Television - Found 11 hours ago ... value of its licenses by $14bn. Later, National Amusements, an entity that controls executive chairman Sumner Redstone?s interests in Viacom... First Advertising Trial Launches on Virgin Media's On Demand TV ... - TMC Net Spam causes Virgin email outage - ZDNet UK Virgin Media launches VOD ad trial - Brand Republic Virgin Media TV trials pre-roll ads for on-demand content - New Media Age Explore All

• Markets rejoice on global bank bailout.

  Slate - Found 7 hours ago Then there's Sumner Redstone, the grand old media curmudgeon who was forced to offload $233 million of Viacom and CBS shares to cover margin...

• Don't chip off old block

  Milwaukee Journal Sentinel - Found 14 hours ago Warren Buffett, 78, still investing; Sumner Redstone, 85, still corporate raiding; Rupert Murdoch, 77, still media-moguling; Wojciechowski: Give Paterno his extension - ESPN.com Norman Chad: Couch Slouch - Washington Post Old lions keep roaring - Cleveland Live Explore All

  ESPN.com