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21 Aug 2016

Viacom says CEO Phillippe Dauman to resign post immediately; Dooley steps in

Viacom Inc said on Saturday that Chief Executive Philippe Dauman will resign immediately, marking a victory for the family of controlling shareholder Sumner Redstone in the battle for the $40 billion media empire.

17 Jun 2016

Viacom investors pay CEO's legal bills in Redstone spat

Viacom Inc disclosed on Friday it would foot the bill for embattled CEO Philippe Dauman`s legal fight against controlling shareholder Sumner Redstone, even as Wall Street cheers the executive`s potential departure.

12 Apr 2016

Viacom''s Redstone opposes selling minority stake in Paramount - WSJ

Ailing Viacom Inc controlling shareholder Sumner Redstone opposes Chief Executive Officer Philippe Dauman`s plan to sell a minority stake sale in Viacom`s Paramount Pictures movie studio, the Wall Street Journal reported on Monday.

Technology news

05 Feb 2016

Viacom names CEO Dauman as chair as Redstone exits; daughter protests

Viacom Inc`s board of directors named Chief Executive Officer Philippe Dauman as executive chairman, replacing majority owner Sumner Redstone, overriding calls for an independent board chief from Redstone`s daughter, who voted against Dauman.

03 Dec 2015

Top investors question whether Viacom's Redstone should step down

Two of the largest shareholders in Viacom Inc have made the highly unusual move of publicly questioning Sumner Redstone`s mental fitness to remain executive chairman of the multi-billion dollar media company.

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