Entries tagged "CBS Corp."
Morgan Stanley's Rob Kindler on proof that activist shareholders can force transactions that are good for the long-term health of buyer and seller.
GE will feel some pain from GM bankruptcy, but another downgrade on the conglomerate will likely be blamed on GE Capital's possible weakness.
To the chagrin of some shareholders, CBS and Viacom chairman Sumner Redstone has no plans of stepping down anytime soon.
The prediction contradicts CBS CFO Fred Reynolds' assertion last month that CBS reportedly could self-fund all its debt maturities through 2012.
The objective for media mogul Sumner Redstone is to hold on to his controlling stakes in both Viacom Corp. and CBS Corp. And now, according to the Financial Times, which cites people familiar with the situation, Redstone may have found a way to that with a reported agreement to sell part of National Amusements Inc.'s 1,500 movie theaters. The move would generate the funds needed to make a payment for the $800 million National Amusements owes, avoiding more divestments of Redstone's stake in CBS and Viacom....
Music-related social networking sites are shaking up the music business and could be the paradigm for the future. At first, Joy Walshe's riff sounds like that sorry refrain so common among musicians, however talented they may be. The London-based singer-songwriter doesn't have a record contract, had a busted deal with an independent label that ended up in court, scores gigs where and when she can and works in an office to get by financially....
