Sumner Redstone

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Midway Games creditors sue Sumner Redstone, company board

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iuliusg on

From: www.focusoft.biz

« Review: Verizon MiFi 2200 - We love everything but the bill AMD ATI Radeon HD 4890 launched with 1GHz speed » Sumner Redstone (center) with daughter Shari Redstone (right) and granddaughter Kimberlee Korff in 2003. Credit: Kevin Winters / Getty Images Creditors of Midway Games have filed a lawsuit against the Chicago company’s board members and former majority owner Sumner Redstone , alleging that his sale of Midway in November was a “fraudulent transfer” that benefited the media mogul while pushing Midway into bankruptcy . The suit, filed Monday in federal bankruptcy court, claims that Redstone sold his 87% stake to investor Mark ... Read Full Story

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Sumner Redstone appeals Midway sale subpoena, delays deposition

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payhalf on

From: computerfinance.net

Yesterday, Sumner Redstone was due in a Manhattan court to speak in regards to the sale of Midway to Mark Thomas . That never happened, but Sumner and business partner Robert Steele’s attornies did appear in a Bankruptcy court in Delaware on Friday in an attempt to get out of the scheduled deposition, Game Politics reports . As a result, Sumner will now be required to appear this upcoming Friday. Curious is the lack of his daughter, Shari, in any of the proceedings on Friday. She was due to appear in Manhattan last Thursday, March 19th, for her deposition. Sumner Redstone appeals Midway sale ... Read Full Story

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And Tom Cruise Became Endearing Again

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Nixie77 on

From: www.tangomag.com

Remember a few years ago when Tom Cruise achieved virtual pariah status? He jumped on Oprah's couch, he had a falling out with Viacom's Sumner Redstone, he ridiculed Matt Lauer's glibness (our favorite part of Matt Lauer outside of his smile is his silver tongue), sparred with poor Brooke Shields,... Click on the headline to read the full text of this article. Read Full Story

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Entertainment mogul Redstone finalizes divorce (AP)

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jainey on

From: www.spoilersnews.com

AP - Documents show entertainment mogul Sumner Redstone has finalized the divorce from his wife of five years. Read Full Story

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Redstone sells interest in Midway Games (AP)

Written by

nflmonday on

From: www.indiarooster.com

India news iPodGod 2 hours 6 minutes ago ( http://us.rd.yahoo.com ) View profile Category : Science/Tech AP - Media mogul Sumner Redstone sold his majority stake in video game publisher Midway Games Inc. on Monday as his family's holding company looks to get out from under a $1.6 billion debt. Tell a friend Bury Read Full Story

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Media mogul Sumner Redstone to sell nearly $1 billion in stock, maintains...

Sumner Redstone's family-controlled firm, National Amusements Inc., this morning said it was selling nearly $1 billion in stock in CBS Corp. and Viacom Inc. to help retire the enormous debt that once threatened to upend the 86-year-old mogul's media empire -- and his legacy.

From latimes.com ()

Related news:

Sumner Redstone selling his share of CBS, Viacom (tvsquad.com)

National Amusements to sell shares of Viacom, CBS (sfgate.com)

Redstone selling stock to pay debts (syndication.boston.com)

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Sumner Redstone Dumps Viacom And CBS Stock

Sumner Redstone's National Amusements is selling CBS (CBS) and Viacom (VIA) shares to pay off its creditors. The CBS sale will bring in $345 million and the Viacom sale will bring in $600 million. Read the rest of this story »See Also:How The Media Moguls Blew It (NWS, DIS, CBS, VIA)CBS Stock Slaughter Costs Sumner Redstone More Millions* (CBS)Sumner Redstone Might Still Lose Control Of CBS and Viacom (CBS, VIA)

From feedburner.com ()

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Sumner Redstone's financial picture brightens

Big gains in the value of his family's shares in Viacom Inc. and CBS Corp. have given the billionaire some badly needed leverage with his lenders. Billionaire Sumner Redstone is breathing easier.

From latimes.com ()

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Earnings Preview: Ad trends eyed in CBS 3Q report

CBS Corp., the broadcast network controlled by Sumner Redstone, reports its third-quarter earnings Thursday. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW: Advertising trends will be the focus of CBS Corp.'... Sumner Redstone - CBS Corporation - Advertising - CBS - Viacom

From sfgate.com ()

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Sumner Redstone to sell more CBS and Viacom shares

The mogul will capitalize on the companies' dramatic stock gains to raise nearly $1 billion, which his National Amusements theater chain will then use to help retire $1.46 billion in debt. A year after it looked like Sumner Redstone's media empire might collapse under a mountain of debt, the 86-year-old mogul found a way to keep his grip on Viacom Inc...

From latimes.com ()