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Billionaire media mogul Sumner Redstone's family theater chain, National Amusements Inc., said Friday it has reached an agreement in principle to restructure $1.46 billion worth of debt.
Documents show entertainment mogul Sumner Redstone has finalized the divorce from his wife of five years.
Laden with debt, billionaire Sumner Redstone's theater chain company, National Amusements Inc., is looking to gain freedom to maneuver by selling around 600 movie screens in the U.S., people familiar with the situation said Thursday.
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.
Court documents show that entertainment mogul Sumner Redstone has filed for divorce from his wife of five years.
Entertainment mogul Sumner Redstone said Tuesday he has no objection to Tom Cruise starring in the next segment of the popular "Mission Impossible" movie series, despite cutting his relationship with the actor in 2006.
U.S. media mogul Sumner Redstone said Tuesday that attitudes toward protecting entertainment copyrights internationally are improving as authorities see the benefits of safeguarding the growing value of domestic products.
Final Details Reveiled For MMORPG RedStoneK2 Network Reveal The Final Four Character Class For RedStone
CBS Reduces Redstone's Salary to $1 Million CBS is cutting chief Sumner Redstone's salary and cash bonus for next year in an effort to link his pay to the company's share price. Redstone will receive $1 million in salary in 2007, down from $1.75 million. His cash bonus will be cut to $3.5 million from $6.1 million.
MTV is a huge, incredibly lucrative, successful American media business and brand. Launched in 1981, MTV is part of Viacom, and if you measure by the power of voting stock, Sumner Redstone is Viacom. Stock is a pretty good indicator of who is in charge. Mr.
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