Sumner Redstone

A transaction for the remaining six theaters -- which includes the Bridge Cinema de Lux multiplex in Los Angeles -- is expected to be finalized in the next couple of weeks. Sumner Redstone's family-owned movie theater circuit, National Amusements Inc., has closed a deal to unload 29 of the 35 non-core cinema assets it is selling to Texas-based Rave...  

Film News: National Amusements to unload 29 theaters -- Sumner Redstone's National Amusements has closed a deal to sell 29 of its theaters and agreed to sell another half dozen sites to the upscale Rave chain for an undisclosed price.  

Media mogul Sumner Redstone's family movie circuit National Amusements Inc. has reached an agreement to sell 35 theaters to Dallas-based exhibitor Rave Motion Pictures, a person close to the matter confirmed.  

The deal with Rave Motion Pictures is thought to include L.A.'s Bridge multiplex. Redstone has been selling assets to reduce crushing debt. Media mogul Sumner Redstone's family movie theater chain National Amusements Inc. has reached an agreement to sell 35 theaters to Dallas-based exhibitor Rave Motion Pictures, people close to the matter confirmed.  

Sumner Redstone's National Amusements to sell 35 theaters to Dallas chainLos Angeles Times... billion until he announced plans in mid-October to sell nearly $1 billion in stock in the two media companies he controls, Viacom Inc. and CBS Corp. ...Aggressive Texas theater chain Rave to buy 35 theaters from Sumner RedstoneLos Angeles Timesall 3 news articles »  

A Massachusetts judge says Michael Redstone didn't prove his claim that his grandfather meant for him to receive more shares of National Amusements. The ruling saves Sumner Redstone millions. Sumner Redstone has prevailed in his latest family legal squabble, this time with nephew Michael Redstone over a disputed trust in a case that could have cost the...  

A Massachusetts judge says Michael Redstone didn't prove his claim that his grandfather meant for him to receive more shares of National Amusements. The ruling saves Sumner Redstone millions. Sumner Redstone has prevailed in his latest family legal squabble, this time with nephew Michael Redstone over a disputed trust in a case that could have cost the...  

Film News: Deal likely to include Bridge Theater in Los Angeles -- Sumner Redstone's family-run biz National Amusements is set to sell 35 of its theaters to upscale exhib Rave Motion Pictures in a deal likely to include the Bridge Theater in Los Angeles.  

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  

Before turning the Q3 earnings call over to CBS Corp. (NYSE: CBS) president and CEO Les Moonves, Sumner Redstone, the company’s executive chairman heaped praise on the company’s efforts to manage the downturn and sounded relieved to say “there is finally light at the end of the tunnel.” Moonves echoed his sentiment: “We’ve said that the second half would be improved and it was. We’re pleased that in this marketplace, revenues were down only...  

Sumner Redstone’s sale of nearly $1 billion in shares of Viacom and CBS stock sent share prices in both companies up, the Los Angeles Times reports.Usually when the chairman of a company sells his own shares, the opposite happens. But Wall Street has been concerned for some time that Redstone’s National Amusements, controlling shareholder in both companies, was struggling to pay its debt, which could have hurt the two if National Amusements...