Sumner Redstone

New York hedge fund manager Daniel Loeb wants Japanese electronics giant Sony Corp. to spin off its Culver City entertainment business. CBS Corp. might like that, too. Loeb, whose Third Point funds own more than $1 billion in Sony stock, sent a letter...

After the coffee. Before trying to find a hardware store. The Skinny: It was a tough choice but I decided to go with the season finale of FX's "The Americans" last night instead of ABC's "Nashville," which I recorded for later. Let this be a lesson to...

May 02 (TheWrap.com) - Last year was good for media stocks as companies like Comcast, Walt Disney and Time Warner outperformed other major sectors and posted big profits. It only follows that many of the moguls who sit atop these mass-entertainment...

The lights didn't go out on CBS Corp. during the first quarter. The Super Bowl -- which was marred by a third-quarter power outage that dimmed the lights in the New Orleans Superdome -- helped the broadcasting giant rake in more than $4 billion in...

Viacom Inc. and CBS Corp. Chairman Sumner Redstone may be a billionaire, but according to the U.S. Internal Revenue Service he’s also a tax deliquent. Emphasis on the word delinquent. According to a U.S. tax court filing, first obtained by...

In an epic clash between old and new media, Google Inc.'s video website YouTube has scored another huge victory in the long-running skirmish over copyright infringement brought by television giant Viacom Inc. A federal judge in New York on Thursday...

CBS is home to "Two Broke Girls" and one rich chief executive. Leslie Moonves, the CEO of CBS, had a 2012 compensation package valued at $62.2 million, according to the company's proxy statement filed Friday. Although that makes Moonves the highest-...

CBS Corp. has acquired a 50% stake in the TV Guide Network for about $100 million, giving the big broadcaster a larger toehold in cable television. CBS said Tuesday it had entered into a joint venture with the independent film and television studio...

After the coffee. Before syncing my new BlackBerry to my work email. The Skinny: It's good to be back home. Ask me in a few hours if it is good to be back in the office. Kidding! Tuesday's headlines include a look at how Hollywood tries to spin a bad...

The more things change, the more they stay the same. On Tuesday, Viacom, parent of MTV, Nickelodeon and Comedy Central, was accused in a lawsuit filed by New York-based cable operator Cablevision Systems Corp. of engaging in anti-competitive and...

After the coffee. Before getting my own output deal with Starz. The Skinny: If I knew the pope was stepping down, I would have gotten my resume together. It's never too late for a career shift, right? Tuesday's headlines include the challenges that...

Director Bryan Singer has donated $5 million to his alma mater USC's School of Cinematic Arts (SCA) and its critical studies division. Now titled the Bryan Singer Division of Critical Studies, the unit from which Singer graduated in 1989 with a bachelor's...