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,...
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Sumner Redstone is so desperate for cash, he might not even be a billionaire any more. So he's decided his daughter will take the fall, and is embarrassing her with a huge public fight this morning. The Times, Wall Street Journal, Post — everyone has some kind of story about the infighting, because basically Americans love to watch the rich lose all thei 10 Vote(s) 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
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
Sumner Redstone, the Chairman of CBS Corp, said last Wednesday that he believes that the US stock market is in the early stages of a new Bull Market. The octogenarian media mogul also said he has no plans to step down anytime soon or give up his controlling positions in CBS or Viacom. ”The one [...] Read Full Story
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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
Entertainment mogul Sumner Redstone said Tuesday he has no objection to Tom Cruise starring in the next segment of the popular “Mission Impossi 14 Vote(s)
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Sumner Redstone is one of the richest and most
important men in entertainment. The 85-year-old Viacom chairman was recently ranked the 66th richest American
by Forbes , with a net worth over $5 billion. Of course, some of that
money was based on his holdings in
Midway Games , which in its heyday produced
such classic arcade fare as Space Invaders, Pac Man, Defender, Joust, Galaga ,
and Mortal Kombat .
But the troubled video game company had fallen on hard
times over the past few... Read Full Story
Sumner Redstone, the owner of CBS and Viacom, sold his 87 percent stake in video-game maker Midway Games for $100,000 to help restructure debts that threaten his family business.
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