Who is sumner redstone dating cattle dating service

Posted by / 24-Oct-2020 06:40

Who is sumner redstone dating

And just as with the battle for the Seven Kingdoms, the setting for the popular HBO show, a large corner of the media world is at stake.

Over his 62-year career, the 92-year-old Redstone has built a billion empire, including the CBS TV network, Paramount Pictures film studios, MTV cable networks (including Comedy Central and Nickelodeon) and Simon & Schuster book publishers (is owned by CBS Interactive, a division of CBS Corp.)Whether Redstone will remain in charge of his empire will depend on the outcome of an increasingly nasty legal battle over whether he's mentally competent enough to make decisions about how his businesses -- and the trust that will assume control of the properties upon his death -- should be run.

"Her singular goal is to assume complete control of his businesses, despite Mr.

Redstone's long-term desire for a professionally managed trust and an independent board of directors.

His counterpart at CBS, Leslie Moonves, is considered safe since his company has performed better.

CBS has called a special meeting of its board for Thursday to discuss the possible dilution plan and other options “to protect the company against Ms. The broadcaster wants a court to stop Redstone and NAI from taking part in or stopping that meeting.

Redstone’s recent actions have led the special committee to conclude that she presents a significant threat of irreparable and irreversible harm,” CBS’ morning legal filing read. Redstone has acted to undermine the management team, including, without board authority, talking to potential CEO replacements, deriding the Chief Operating Officer and threatening to change the Board.

These escalating attacks make it difficult for management to perform its duties and threatens continuity of management,” the suit read.

CBS had cut Redstone's pay from .8 million in 2014 to

CBS has called a special meeting of its board for Thursday to discuss the possible dilution plan and other options “to protect the company against Ms. The broadcaster wants a court to stop Redstone and NAI from taking part in or stopping that meeting.

Redstone’s recent actions have led the special committee to conclude that she presents a significant threat of irreparable and irreversible harm,” CBS’ morning legal filing read. Redstone has acted to undermine the management team, including, without board authority, talking to potential CEO replacements, deriding the Chief Operating Officer and threatening to change the Board.

These escalating attacks make it difficult for management to perform its duties and threatens continuity of management,” the suit read.

CBS had cut Redstone's pay from $10.8 million in 2014 to $1.76 million last year, when he stepped down as executive chairman of both companies. The entertainment company's shares have sunk nearly 5 percent this year and are down 63 percent from their 52-week high of $69.17, with investors fretting about the decline in ratings on its cable networks.

Even worse in the eyes of Wall Street, Viacom has underperformed CBS shares, which are up more than 17 percent this year.

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CBS has called a special meeting of its board for Thursday to discuss the possible dilution plan and other options “to protect the company against Ms. The broadcaster wants a court to stop Redstone and NAI from taking part in or stopping that meeting.Redstone’s recent actions have led the special committee to conclude that she presents a significant threat of irreparable and irreversible harm,” CBS’ morning legal filing read. Redstone has acted to undermine the management team, including, without board authority, talking to potential CEO replacements, deriding the Chief Operating Officer and threatening to change the Board.These escalating attacks make it difficult for management to perform its duties and threatens continuity of management,” the suit read.CBS had cut Redstone's pay from $10.8 million in 2014 to $1.76 million last year, when he stepped down as executive chairman of both companies. The entertainment company's shares have sunk nearly 5 percent this year and are down 63 percent from their 52-week high of $69.17, with investors fretting about the decline in ratings on its cable networks.Even worse in the eyes of Wall Street, Viacom has underperformed CBS shares, which are up more than 17 percent this year.

.76 million last year, when he stepped down as executive chairman of both companies. The entertainment company's shares have sunk nearly 5 percent this year and are down 63 percent from their 52-week high of .17, with investors fretting about the decline in ratings on its cable networks.

Even worse in the eyes of Wall Street, Viacom has underperformed CBS shares, which are up more than 17 percent this year.

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The billionaire now wants to remove Viacom CEO Philippe Dauman and George Abrams, another Viacom board member, from the trust that will control both companies after his death and from the board of National Amusements.

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