Sumner Redstone News and Gossip

• Viacom cuts 7 pct of staff, suspends some pay raises

  Washington Post - Found 2 hours ago In addition to the broader advertising slump, Viacom's controlling shareholder and executive chairman Sumner Redstone faces a deadline to... Viacom to Cut 850 Jobs, Freeze Raises in 2009 - Time BRIEF-Viacom announces cost-saving initiatives - Forbes.com Viacom cuts 7 pct of staff, suspends some pay raises - Forbes.com Viacom to cut 850 jobs, suspend salary raises - Forbes.com Explore All

  OptusNet

• Viacom Cuts 7% of Staff

  Adweek Online - Found 2 hours ago Sumner Redstone, looks to find a way out of a $1.6 billion debt at his privately-held National Amusements Inc. In October, Redstone was... Updated: Viacom cuts 7% of Workforce - Adweek Online Updated: Viacom Lays Off 850 Employees - Mediaweek Explore All

• Recession-hit Americans flocking to movies

  MSNBC - Found 20 hours ago Regal owns 549 theaters operating 6,754 screens and competes with Sumner Redstone's privately held National Amusements. Reuters Summit-Regal sees Natl Amusements as tough sell - Forbes.com Reuters Summit-Regal on way to 'great' quarter-CEO - Forbes.com Reuters Summit-Regal says Nat'l Amusements assets complementary - Forbes.com Recession-hit Americans flocking to movies - Washington Post Explore All

  MSNBC

• Redstone Sells Stake in Video-Game Maker to Investor

  Washington Post - Found Dec. 2, 2008 Sumner Redstone, the owner of CBS and Viacom, sold his 87 percent stake in video-game maker Midway Games for $100,000 to help restructure debts that Redstone may have found way to keep Viacom, CBS - TheDeal.com Redstone agrees partial sale of theatre chain - FT - CNBC Redstone sells games stake at loss - Chicago Daily Herald Redstone agrees partial sale of theatre chain - FT - Reuters Explore All

  Reuters

• Sumner Redstone's Next Step Is Juggling Debt

  CNBC - Found Dec. 2, 2008 Sumner Redstone has to repay $800 million in debt by December 19. With just a few weeks left to go, he's in the midst of negotiations to restructure Redstone's debt restructuring talks proceed slowly - WSJ - Forbes.com Redstone Sells State in Video-Game Maker to Investor - Washington Post Redstone having a tough time digging out of credit hole - TheDeal.com Redstone begins asset sale to protect empire - The Times Explore All

  Boston Globe

• Sumner Redstone sells stake in Midway Games

  AFP via Yahoo! - Found Dec. 2, 2008 AFP/HO/File ? Sumner Redstone, chairman of US entertainment conglomerate Viacom seen here in May 2008, informed US ? SAN FRANCISCO (AFP) ? Midway Has Been Sold for 100,000 Dollars - Softpedia NEWS Midway Games in Dire Straits... - Nintendo World Report Wheelman Developer Claims New Midway Game Looks Better Than Gears of ... - 1Up.com First Bytes: Yahoo, ArenaFest, Apple, Redstone - Conde Nast Portfolio Explore All

  Breitbart.com

• PRESS DIGEST - Wall Street Journal - Dec 2

  Forbes.com - Found Dec. 1, 2008 * Sumner Redstone's family holding company National Amusements Inc is sitting on a trove of cash and near-term liquid assets of around $500... PRESS DIGEST - Wall Street Journal - Dec 2 - Hemscott PRESS DIGEST - Wall Street Journal - Dec 2 - FinanzNachrichten.de PRESS DIGEST - Wall Street Journal - Dec 2 - Interactive Investor International PRESS DIGEST - Wall Street Journal - Dec 2 - Sharewatch Explore All

• Sumner Redstone sells controlling stake in Midway Games, reports WSJ ...

  RTTNews.com - Found Dec. 1, 2008 Media mogul Sumner Redstone sold his controlling stake in videogame company Midway Games Inc. Redstone Sells Stake in Video Game Publisher - New York Times Redstone sells stake in Midway Games-filing - Forbes.com Redstone sells stake in Midway Games - USA Today Redstone sells Midway Games to ease debt - WSJ - Forbes.com Explore All

  Wired News

• HEADLINE STOCKS-Some U.S. stocks on the move on Dec 1

  Forbes.com - Found Dec. 1, 2008 MIDWAY GAMES Media mogul Sumner Redstone sold his controlling stake in Midway to a private investor in an attempt to ease his debt load... HEADLINE STOCKS-Some U.S. stocks to watch on Dec 1 - Forbes.com HEADLINE STOCKS-Some U.S. stocks on the move on Dec 1 - CNBC HEADLINE STOCKS-Some U.S. stocks to watch on Dec 1 - CNBC HEADLINE STOCKS-Some U.S. stocks on the move on Dec 1 - TradingMarkets Explore All

• Stocks drubbed at open

  CNN - Found Dec. 1, 2008 Companies: Media mogul Sumner Redstone is due to announce Monday that he has sold his controlling stake in video game company Midway Games... Wall Street drubbed at open - CNN Wall Street drubbed at open - Money Wall Street drubbed at open - CNN Money Dismal start to December seen - SI.com Explore All