« 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... Read Full Story
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... Read Full Story
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
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... Read Full Story
Earlier this month GamePolitics broke the news that media mogul and former Midway owner Sumner Redstone had been subpoenaed for a deposition by unsecured Midway creditors who suspected hanky-panky in the November sale of the Mortal Kombat publisher for a mere $100,000 last November.
According to Redstone’s subpoena , he was to be deposed in Manhattan yesterday. But attorneys for Redstone and business associate Robert Steele appeared in Bankruptcy Court in Delaware on Friday in an attempt... Read Full Story
I wanted to share with you all a speech by Sumner Redstone to the graduating 2002 class of Kellog's MBA program. Hope you enjoy reading it. Sumner Redstone, CEO of Viacom Keynote Address to MBA Graduates June 22, 2002 Thank you, Dean Jain, for that kind introduction and let me commend you on your first anniversary as Dean of Kellogg. By all accounts, you are doing an extraordinary job. Members of the administration, faculty, parents, families and guests: Good afternoon! And members of the... Read Full Story
pimg src="http://gawker.com/assets/images/gawker/2008/11/250px-Spy_Hunter.png" alt="250px-Spy_Hunter.png" align="left" hspace="4" vspace="2" / Desperate mogul Sumner Redstone may be able pay off some of his $1.6 billion in debt before half of it comes due in December. The solution: Sell off Midway Games, money-bleeding maker of classic arcade hits like emRampage/em, emSpy Hunter/em and emMortal Kombat/em. Some $800 million in cash infusions for Midway were a major contributor to Redstone's... Read Full Story
India news
iPodGod
4 hours ago
( http://us.rd.yahoo.com )
View profile
Category : Science/Tech
AFP - Sumner Redstone's media empire informed US regulators on Monday that it has sold its controlling stake in videogame stalwart Midway Games in a debt-slashing move.
Tell a friend
Bury
Read Full Story
As we mentioned earlier this week, entertainment mogul, Sumner Redstone is facing some serious financial problems< ?a>. His National Amusements Inc company being $1.6 billion in debt! But aside from his financial woes, Redstone is now facing personal problems. The 85 year-old has filed for a divorce from his wife of five years.According to documents, [...] 11 Vote(s) Read Full Story
