Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Entertainment News

CBS posts 1Q loss; CEO sees 'improvement'

May. 7, 2009
CBS Corp., the media company controlled by billionaire Sumner Redstone, said Thursday it lost $55 million in the first quarter as advertising revenue fell sharply. The results missed Wall Street expectations, but the company gave an upbeat outlook for the...
Related Stories from UPI.com
Viacom/CBS chief predicts Leno failure

Viacom/CBS chief predicts Leno failure

LOS ANGELES, April 30 (UPI) -- Sumner Redstone, the executive chairman of Viacom and CBS, said he thinks Jay Leno's upcoming NBC prime time chat show will fail.

National Amusements to restructure debt

NEW YORK, Feb. 28 (UPI) -- The U.S. media group National Amusements says it has reached an agreement allowing it to restructure $1.6 billion in debt.

Redstone selling $400M Viacom, CBS stock

NEW YORK, Oct. 19 (UPI) -- U.S. theater chain owner Sumner Redstone is dumping his non-voting stake in Viacom and CBS Corp., analysts say.

Viacom's Redstone, daughter at odds

NEW YORK, July 19 (UPI) -- A major dispute reportedly has erupted between Viacom Chairman Sumner Redstone and his daughter, board member and heir apparent Shari Redstone.

Redstone's wife had a part in Cruise axing

LOS ANGELES, Aug. 25 (UPI) -- The wife of Viacom Chairman Sumner Redstone reportedly played a role in the actor's firing from Paramount Pictures this week, it was reported.

Viacom to be split into two entities

NEW YORK, June 15 (UPI) -- U.S. media conglomerate Viacom will be divided into two companies, CBS Corp. and Viacom Inc., to boost shareholder returns.

Viacom head tilts towards split

NEW YORK, May 27 (UPI) -- The head of Viacom Inc. says a decision on whether to divide the U.S. entertainment giant will be made by the end of next month.

Viacom may become two companies

NEW YORK, March 17 (UPI) -- Media giant Viacom, owner of CBS, may break into two public companies to help resolve its succession issue, the New York Times reported Thursday. The plan also would unravel years of empire building by Chief Executive Officer Sumner M. Redstone, the Times
1 of 25
President Obama awards the Presidential Medal of Freedom in Washington
View Caption
President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch