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An estranged son, a legal battle with a live-in lover, and a mogul who wanted to 'live forever': Meet the heirs to the ViacomCBS empire

Sumner Redstone and some of his family members attend a ceremony honoring him with a Hollywood Walk…

Taylor Borden   


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2 mins read

Sumner Redstone, the media mogul who built the ViacomCBS empire, is dead at 97

The media magnate Sumner Redstone, who forged an empire of entertainment companies encompassing CBS…

Ashley Rodriguez   


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1 min read

Viacom owner Sumner Redstone's signature has changed, and it has people talking

Legal battles are being waged in several states after Redstone removed Viacom CEO Philippe Dauman a…

Jethro Nededog   


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2 mins read

Les Moonves in as CBS Chairman after Sumner Redstone steps down

"I want to thank Sumner for his guidance and strong support over all these years," he continued. "I…

Jethro Nededog   


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A judge dismissed the competency lawsuit brought against billionaire Sumner Redstone

The lawsuit, brought by Manuela Herzer, challenged the mental competency of the media mogul, who's …

Paul Schrodt   


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1 min read

Viacom CEO Philippe Dauman elected chairman as Sumner Redstone steps down

"It is my firm belief that whomever may succeed my father as Chair at each company should be someon…

Jethro Nededog   


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Viacom CEO Philippe Dauman to exit with a $72 million payoff as the bitter wrangle over Sumner Redstone's media empire reaches a conclusion

Dauman - who has been a key Redstone lieutenant for more than 30 years - will stay on as non-execut…

Jake Kanter   


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1 min read

Shari Redstone has withdrawn support for CBS-Viacom merger

Vice Chair, CBS and Viacom; Co-Founder and Managing Partner of Advancit Capital Shari E. Redstone s…

Reuters   


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Why Paramount's problems should worry the rest of the media giants

The challenges Paramount is facing are the same challenges faced by media in general. It's hard to …

Peter Kafka   


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8 mins read

What business can learn from Biden's resignation

The troubling rise of America's corporate gerontocracy.

Rob Price   


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9 mins read

How Scientology almost ruined Tom Cruise's career and the 'Mission: Impossible' franchise saved it

After the infamous Oprah couch jump, Tom Cruise's star power took a major hit. But thanks to the "M…

Jason Guerrasio   


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2 mins read

CBS CEO will keep the top job but still get $100 million in severance

The former CBS chief operating officer took over as interim CEO when Les Moonves left the company a…

Alyssa Meyers   


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One of America's most powerful female executives controls a $30 billion media empire - and she still faces surprising harassment in the workplace

At the Super Bowl in 2017, for example, Redstone claims she had a problematic interaction with CBS …

Abby Jackson   


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The WarnerMedia executives who gained more power with a massive restructure

Here are the top media and advertising stories from Business Insider for August 13.

Lauren Johnson   


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Paramount Pictures head Brad Grey has resigned after a year of major losses at the studio

Grey, who has run Paramount since 2005, wrote in his memo obtained by Business Insider, that "it ha…

Jason Guerrasio   


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1 min read

Viacom has named its new president and CEO

"I am very excited by the strategy Viacom is pursuing under Bob's leadership, as well as the relent…

Jethro Nededog   


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2 mins read

What you need to know in advertising today

A decision to allow the AT&T-Time Warner merger to go ahead (again) could depend on a random dr…

Lauren Johnson   


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2 mins read

Here's how Viacom boss Philippe Dauman's whopping $72 million severance deal stacks up

The dispute leading to Dauman's departure was ignited in May after he was removed from the trust th…

Jake Kanter   


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3 mins read

10 things you need to know before the opening bell

Pimco is trimming its workforce. The investment firm is eliminating 68 jobs, or 3% of its workforce…

Jonathan Garber   


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1 min read

The hedge funder who published a 99 page report to shake up Yahoo just dropped another bombshell on a huge target

Sumner Redstone, the company's 92 year-old CEO known for eccentric behavior, has stacked the board …

Linette Lopez