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VIACOM: THE SPLIT IS NOW OFFICIAL
Jan 2 2006 
Viacom on Sunday announced that it has completed the spinoff of its broadcasting units, which (more)

OLDEST STUDIO SNATCHES YOUNGEST ONE
Dec 12 2005 
The 11-year-old dream of Steven Spielberg, Jeffrey Katzenberg and David Geffen to create a 21st-century (more)

TWO VIACOMS UNDER ONE REDSTONE
Oct 25 2005 
Viacom Chairman Sumner Redstone has made it clear that he intends to continue to play (more)

FRESTON OUT AT VIACOM
Tuesday, September 5 2006    Digg!
Viacom Chairman Sumner Redstone, who reportedly severed Viacom's ties with Tom Cruise last month without informing Viacom CEO Tom Freston of his decision, is now parting ways with Freston himself. The company said today (Tuesday) that Freston has quit and that he'll be replaced by longtime industry executive Philippe Dauman. Freston became CEO and president of Viacom last January when Redstone spun off its broadcast television operations into a separate company, CBS Corp. Viacom also named another industry veteran, Thomas E. Dooley, to the newly created position of senior executive vice president and chief administrative officer. There was no indication of how Dauman and Dooley would divide the responsibilities of running Viacom, although Dooley will report to Dauman and Dauman to Redstone. Unlike his harsh criticism of Cruise, Redstone had only praise for Freston in announcing his resignation, noting that he had built MTV, which he co-founded, into "an unmatched force in the entertainment industry." He called Dauman and Dooley "two of the most extraordinary executives I have ever known." In his statement, Freston gave no reason for his departure, simply praising Dauman and Dooley and thanking his colleagues. "I will do all I can to insure a smooth transition," he said.


WERE GRAZER'S CONGRATULATIONS TO REDSTONE REALLY IN ORDER?
Friday, August 25 2006 
Producer Brian Grazer is reportedly contradicting statements by Viacom Chairman Sumner Redstone that he phoned Redstone to congratulate him on decision to break off ties with Tom Cruise's production company. L.A. Weekly columnist Nikki Finke, citing a Grazer intimate (Grazer, she said, is on vacation and could not be reached), reported Thursday that Grazer had merely phoned Redstone "to ask what's going on." Finke's source added that "anyone would be shocked to see a private (more)

REDSTONE, FRESTON BACK GREY IN PELLICANO PROBE
Tuesday, April 4 2006 
Viacom Chairman Sumner Redstone and CEO Tom Freston have given their complete backing to Paramount chief Brad Grey, maintaining that they investigated Grey's association with indicted private detective Anthony Pellicano before they named him head of the studio last year. In an interview with today's (Tuesday) Los Angeles Times, Sumner Redstone expressed his "utmost faith" in Grey, but acknowledged: "I'm going out on a limb here. We have investigated this to the fullest. But can (more)

Headlines for Wednesday, May 30, 2012

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