27 Burst results for "Sherry Redstone"
"sherry redstone" Discussed on Biz Talk Radio
"We're talking with William b colon been breaking stories on CBS and Viacom's drama. It's one of the reasons I've been kinda surprised that Wall Street initially was so entrenched with Trump you talked about that agenda. But Wall Street hasn't touched Trump's Bank doesn't pay loans back and the Wall Street knows all about it. Well, right. I wrote this piece in the Atlantic about why Wall Street doesn't do business with Trump and they haven't done business with Trump because he's not a good bet. He doesn't pay back is loaned, and you know. You know, actually, the people who allowed him to escape the news of of bankruptcy several times people like Wilbur Ross is now is commerce secretary. If people like Carl Icahn who for a while was allowed to inside the trade on the government was doing. So, you know, he's loyal to the people who who helped him escape Justice early in his life. But, you know, Wall Street. Honestly think about what can be good for Wall Street. Right. They think about what can be good for its clients. You know, what's good for corporate? America is good for Wall Street because that results in the bonuses that they want and get addicted to and Trump was going to be good Trump's tax plan and his deregulation proposals was going to be good for corporate America. And that's what Wall Street was betting on. That was the reason Wall Street, you know, I think privately people on Wall Street can't stand the guy and they haven't been they haven't liked him for years, but they did like two aspects of his of his policy agenda, and but that's over. There's nothing left. Behind the curtain. Well, said, of course, Gary Cohen, I think a lot of credit for pushing that stuff through who Wall Street. Does. He after bashing Wall Street throughout the campaign. The first thing he does is higher like people from Goldman Sachs. Let's switch over now. Well, that'd be one more thing although taking too much time, but the trade war, you bashed a couple of times, but China has been stealing three hundred million billion dollars of proprietary technology and our intelligence every year. Isn't it? Good some way to figure out how to get stop that. Right. I mean, I think again people on Wall Street they they do. Acknowledge that the Chinese have been misbehaving for years. To be to be a kind about it. And I think that they do agree that that has to stop, and it has to change, and it has to be kind of negotiated out. You know, and this idea that Trump is the grand dealmaker the art of the deal. Great negotiator east. Terrible at all those things and always has been. And so yes, there's a problem that needed to be resolved. And it probably would get a lot further through, you know, secret negotiations are high level diplomacy or whatever it is not this. A trade war with China. I mean, there are largest creditor. What what why do you Wendy? You get into a trade war with your largest creditor. It's not only that. It's it's it doesn't deal with what the big issue. We're just talking about which is cheating, stealing our stuff. But you know, maybe he has he thinks if he just beat them up on enough on trade, but it self destructive. And who knows let's switch over. Now. You've been at the center of this story to CBS. I hate to use the word Trump again. But power seemed to Trump accountability at CBS. Give us your sense of the let the les Moonves says a deal right now. Well, I mean. One of the most remarkable. It's really I have to say one of the most remarkable business stories in the last five years is. Is essentially. Obviously, the complete and utter self destruction of less move. I mean, you know, that is perhaps one of the most shocking. Developments in the metoo movement to these the CEO of a major corporation pulling down between sixty and seventy million a year. Highly revered and respected. But obviously a major character flaw to again, put it mildly. But you know, the the really interesting is that is an extraordinary that is it is shocking. Is that is? I think that the most incredible part of the whole story is the way Sherry Redstone his used both her father's total incapacity still alive, and and less is own foibles, which she knew about and probably got reporter, Ronan Farrow, kicked off on this story. Is that right? You really think I definitely I mean, look, I I've been covering around this story to as Sherry hates me because you know, I I write about the things problems that she was having with with her father, and how you control, but I mean, she's been trying to get less out of there for years, and she finally latched onto something and pave the way I believe for Ronan Farrow to have access to. All these women who were making legitimate complaints against. Left move. So this is part of a a long term than data frankly between. Sherry redstone? Smooth as and and now looking at I mean this past week we had the the surprising settlement of the lawsuit. That was brought by one of. The two former girlfriend of of Sumner steadily with if she got seventy five million dollars from Sumner, and she's going to be able to keep all but three and a quarter or three and a half of it. And it's all going to be settled. I mean, basically that was the last challenge to Sherry's legitimacy as being the power behind the throne of both CBS orchestrate that you think she is orchestrated everything. Okay. She's orchestrated lots suits. She's orchestrated the settlement of the losses. She's orchestrated the coup against laugh. She is she is literally she's orchestrated her own father's kind of obviously incapacitated. But she has taken advantage of that incapacity to take total control of Viacom and CVS. Even though her father who actually owns the share. There's is still alive. So, you know, maybe she was going to get them. Anyway, when he has his away if he ever passes away ninety five he wanted to live forever. But I mean, she's made heath she she fix the trust. So that she has four seven. I mean, she she has orchestrated an unbelievable coup d'etat that no one's ever really focused on and her father never wanted her to be involved with the business, and yet she's made herself into a major Hollywood. Sexual.
"sherry redstone" Discussed on WBSM 1420
"What are the results thus far? Well, less moon days. Get his. One hundred and twenty million dollars in severance from CBS. No, I don't believe. So he's he he lied repeatedly to to the investigators. And apparently that is that's one of the things that can be used as an example of his moral turpitude to stop him from getting the money, and again as I pointed out earlier, Sherry Redstone who's the owner of the company hates him to begin with. He tried to he tried to get rid of Sherry, even though she owns all the stock. So no, he's not going to get the money away. Four percent say no, all right. Eight four four five hundred forty two forty two to two one. We're lucky. Oh, we're lucky that Toho Hitler and Mussalini came along. When they did God knows what would happen if they were here today. Yeah. It is kind of a scary thought lay you're next with Howie Carr. Go ahead. The cold deflate grass, quote is attributed to sirocco Yamamoto, the one who advocated the attack on the United States, but it is unsubstantiated. Interestingly enough, the guy who led the a calf attack was a guy named the Google, and he was against attacking the the base of Pearl Harbor, and that's one of the biggest blunders the Japanese made. They had they really did not need to draw the Americans in all they had to do was take Singapore. Take the Dutch East Indies and believe me American is 'isolation. It's move would not rally to you know, Li. Early November nineteen forty one early December nine hundred forty one they were having huge rallies in places like Boston for America first. Yeah, you're right. There was no appetite to go in, you know, another thing why did Hitler declare war on the United States of America. I mean that was a that was a terrible mistake on his part. Now second biggest mistake you've ever made. I mean, if if he didn't do that we were not gonna go into Europe because again to the isolationist move. We would have gone into the Pacific. I maybe we would have hated the British later. Yeah. Exactly. That was at the, of course, the first biggest mistake Hitler made lead in mentioned it. But he did. I know what he's talking about. It was invading Russia, Russia and. The Soviet Union and Hitler were certainly uneasy. Allies would have come down to a war sooner or later, but Hitler should have finished off the west. I the Great Britain's specifically, Mike, you're next with Howie Carr. Go ahead. Mike. I can't believe I'm talking to you. Always. Had to call you today. Hey, dad, what do better? He was awful at the United States Tuscaloosa. Angel ship to. You know that whole generation like you say, they call them the greatest they really was something else. They were. They weren't. Came back adult this country. What it is. Everybody wants to take the guns away. But my dad used to say they knew that behind every blade of grass. Yeah. You don't wanna? And and and I think there was a lot of dissent or controversy in Japan about going to war with the US. I mean, they had these hawk this hawk contingent in the in the imperial government, and that they'd gone into China. And they said it would it would be a walkover. And then they were they were stuck in China because there were sent six seven eight times as many Chinese is there were Japanese. So then they went to hear a hito and the same people the same general said, we're going to attack the US, and it'll be over once we once we wipe out Pearl Harbor and hero hito supposedly said to him the emperor. So you're telling me it's going to America's going to be as easy to defeat as China. Yes. And of course, they had no answer to that. But they they talked him into with and. And that was it was it was the end of imperial Japan. Bruce, your next, oh, we don't have time. We're out of time. Eight four four or five hundred forty two forty two five away Hitler.
Theresa May: Brexit will stop EU nationals 'jumping queue' ahead of non-EU workers
"Failure may be tied to California's deadliest fire. Bloomberg's John Tucker joins us live with details. Good morning, John. Good morning. Nathan the utility says in a filing with state regulators that a circuit and Butte county failed on November eighth. PG says there's been no determination of the cause. California's biggest utility has filed to incident reports says the fire began and about half its market value, roughly twelve billion dollars vanish. She had a little more than a week it. Previously told state regulators that URL inspection found damage to a transmission tower. John Tucker, Bloomberg daybreak. Thank you, John. The board of CVS is gearing up for talks to the Viacom and emerge could be announced to the next three to six months. That's according to the New York Post, which says Sherry Redstone, the vice chair of CBS and Viacom is considering three way merger that would include video game company. Take two interactive. Shares of apple or down one percent in early trading. That's after a Wall Street Journal reports said Apple's cut production orders in recent weeks for all free iphone models. It unveiled in September. And futures this morning are lower S and futures down five points. Dow futures down forty four NASDAQ futures down five ten year treasuries down six thirty seconds, yield three point. Oh, eight percent yield on the two year two point eight two percent. And straight ahead. We have the latest world and national news. This is Bloomberg. Thank you. Karen six. Oh,
"sherry redstone" Discussed on KCRW
"I am joined by my colleague and banter who is in Toronto, Matt Bellamy. Hello, matt. Hello from Canada. So we are doing for the second time in a few weeks. What I would call an emergency Bandra we had previously recorded banter but over the weekend. A gigantic story dropped most people have undoubtedly heard by now that Ronan Farrow struck again in the New Yorker a follow up story to his initial piece on Leslie Moonves has this one filled with incredibly damning detail about attacks that were violent and graphic Biskra of totally unacceptable. Illegal conduct forcing women into sexual acts that they did not want to be involved with and very quickly. The lights went out at CBS for less Moonves, which is something that just a few months ago would have seen absolutely impossible. Right. I mean, this one is different. This is not like the other me two situations because this is the CEO of a fortune five hundred company the first one to be toppled by me too. Type allegations. And he is a legend in the industry. This is someone who has been a CBS for twenty four years before that running Warner Brothers television. He's responsible for some of the biggest hits in the history of Television, New York magazine once called him, Mr. television. So the fact that within the span of two months this person has been erased from the industry, it is a pretty shocking development. Yeah. You know? And this comes as he is locked in this. He had been locked in this fight with Sherry Redstone whose father Sumner had created this empire of CBS and Viacom for a long time less moon vez wanted nothing more than to run both half's of the Redstone empire. But as time went on and the business started to shift so dramatically Viacom became a very troubled company. Also, there was a lot of mismanagement under the leadership so-called leadership of Felipe Domon, Sherry Redstone got rid of Philip Domon a couple of years ago. And then the question was would she merge? Viacom with CBS. And by then ironically, moon, fez, no longer wanted this. He saw Viacom is a big drag on his company, and he fought it. And he fought it eventually in court tooth, and claw. I think that it's really hard for a CEO or chairman of a company to fight off. Somebody who basically owns the controlling interest in that company. But in this case, I think it would have been maybe possible just because of the position you talked about that moonville joined in this industry, and the fact that Viacom was troubled and Sherry Redstone has a obligation to run both with an eye to protecting shareholders, which would make it harder to force CBS Viacom merger over the objections of les Moonves and his board. But as it turns out, this came about as the culture became such that finally these mostly, you know, quite old allegations. But very serious allegations finally emerged and Sherry Redstone was enabled to take over control of both CBS now Viacom. Yeah. And there's been speculation about the timing of all this. You know? Yes. The allegations have coincided with this boardroom battle and some have speculated that perhaps Sherry red zone or her people have been involved in either helping running pharaoh or outright digging up their own dirt on him. I don't know if that's true. I I know that Ronin denies that. And Jerry Redstone denies that. But I know a lot of CBS loyalists do think that there was some involvement from Sherry Redstone camp in this stuff coming out, obviously doesn't make the allegations any less serious than they are. But the future here is becoming a least a little bit clear. Now, I think we will have either a sell off of one or both of these companies whether they're combined or whether they're sold separately. I think most analysts believe that the state of media right now means that CBS would be an attractive entity for a bigger telecom or tech company too. By or a traditional player that might wanna bulk up. And then the Viacom networks in Paramount Pictures also might be attractive to one of these companies trying to get in the content space. Yeah. I mean, it's kind of funny because you know, rich greenfield does an analyst who's pushed for this combination of Viacom and CBS. But, but then you say is that big enough to compete, and even he acknowledges that is not a combination. Even though it's a big company in the world where Disney is buying FOX and AT and T is acquired Time Warner big takes on a whole different. Meaning so yes, the businesses shifted in the future is murky. I think the challenge, you know, many people at CBS are kind of panic stricken at the prospect of Sherry Redstone controlling the company. There are a lot of les Moonves says loyalists there who helped to make this a company that was outstanding in terms of results for many years. And you know, what was one such a point of pride for these people is now it's just been kind of destroyed as far as. The I worked for CBS for less moon. Vaz's is no longer something. You wanna talk about that much at a cocktail party and going forward they're afraid that there's going to be a purge. And I I assume Sherry Redstone who today is you know, observing the Russia. Sean the Jewish new year with her family will make a move very soon to try to at least calm the nerves at CBS. Yeah. I I think that there will absolutely be a either a purge or an exodus or just significant turnover there. The question is will they do with Amazon did when they're content chief ROY price was ousted for harassment allegations in bringing a female CEO, a female content chief to run the operation there. And I think that's probably a big likelihood. Yeah. I mean, it's a sad commentary that I can't think off the top of my head of that many candidates who could be at that level. But we'll see if they manage to do it. Thank you, Matt. Thank you. That's not felony editorial.
"sherry redstone" Discussed on KNX 1070 NEWSRADIO
"KNX in-depth. And our each statement. We dig deeper more questions tell you how the major stories of the day impact you Mike Simpson along with Charles Feldman. Twelve seemed to be the magic number when CBS head honcho, Leslie move is was first accused by six women of sexual harassment CBS launched an investigation, but kept the Boyle festering. But once another six women pointed fingers at moon viz CBS decided to Lance the boil kissing moonville goodbye still up in the air how much money if any does the departing CBS CEO take with him. We will go in depth. And can't we all just get along on the tails of the constant Twitter wars between the Republicans and Democrats to longtime political consultants from opposing sides seek to sure up the political divide will they use magic to get this done. Details to come later on in the show changes in the air on college campuses parents who've lost their. Children allegedly to Greek life hazing teaming up to shut it down. So we'll go in depth on that. Plus more change watch out for the new tax laws tax specialists warning that you might want to sharpen your pencils. Make sure you don't have to fiddle with your withholdings before it's too late and another financial note you may wanna start saving now the new iphone costs. They might shock you and even more shocking. Scientists find that robots can become racist. Well, CBS may be almost done with less Moonves. But we're only beginning joining us is Kim masters editor at large of the Hollywood reporter. So Kim this latest article comes out I understand that CBS CBS board apparently knew a few days ago. At least that this was about to be published. So they decided to give him a quick boots. So now what? Well, now, they've created a temporary executive as the acting CEO of the company somebody very close to listen so obvious that properly that person probably won't last because the person who controls the company Sherry Redstone is not interested in having moons as oil list run this company. They already be shapes the board so that his allies would be gone six people left and were replaced Sunday. So it's a pretty dramatic makeover in the future CBS is not quite clear at this point tickets through what you've been hearing over the the recent weeks when they were grappling with this. And knowing maybe that another article was coming and these allegations stronger than some of the other ones in the original article. But then there was also this discussion, maybe he could leave with a parachute in the hundred million dollar figure was thrown around not made a lot of people angry. Well, this drama went on when as Sherry Redstone who controls spoke CBS, and Viacom, which is in comedy central and Nickelodeon, and Paramount Pictures, she wanted to recombine these two companies that her father has split apart from years ago and less loon vez once would have been very happy to run both companies got to a point with the business changing the way, it is with you know, Netflixing Amazon streamers coming in. He come with became rather troubled, and he didn't want to combine the companies so setting aside, his conduct Sherry Redstone was eager to get rid of him. The conduct definitely opened the door to getting rid of him. Now, he was going to sue her and try to fight it out. But once these second allegations came out there. The Pacific and disturbing the allegations of the first one which which article which were disturbing enough at the New Yorker article. It was just over. He could no longer brazen it out, and he just had to go on a, you know, in a matter of hours from publication. You know, what's interesting Kim is the policy sometimes of large corporations, and I'll tell you what I mean by that. I mean CBS when when we used to be owned by CBS CBS used to make every employee here once a year. Watch videos sexual harassment videos among others, and then you'd have to answer questions and get a diploma to indicate that you understood all the reprecussions of of treating men or women badly. Specially sexually you kind of wonder where the heads of companies like that in this case last Moonves, where's his diploma? You know, he presented himself at a very charming guy. I I don't know if they made him take I've had to do those courses myself. I don't you know, I don't know if they made him do it. But obviously, this is a total violation many many companies look the other way, I mean, we've seen big problems that box we've seen big problems at NBC. So we've seen problems that CBS not just at the at the less lupus level. But in the news with allegations involving the especially the environment at sixty minutes, and of course, Charlie rose. So it's a lot of do as I say not as like you for some of these top level guys who when you know, when there's a concentration of money and power at that's where things oftentimes starts to come apart. And people think they're bulletproof speaking of money, others twenty million dollars going to me two times up causes right? But but if I did investigation into what doesn't finds false will. He could get a payout later on from CBS. Yeah. I mean, they're gonna they started an investigation after the first article ran at that was late. They should have done it sooner. Because it was clearly something that have been brought up with certain members, and they decided not to pay any attention. And now they're going to complete that investigation into five whether they can terminate him for cause and that's going to take awhile. We're not gonna find out what if anything less best gets from all this for a long time. But you know, what he's really really rich. I mean, he's made hundreds of millions of dollars in the past several years. So we don't have to have a fundraiser for him. I was going to say that even if they decide that that there wasn't 'cause. To fire him. And so he has to get his hundred million dollars. Why is he getting a hundred million dollars? Anyway. Well, let's look at his salary is one of the top compensated people in the country. He had a lot of support on Wall Street. He made CBS the most successful.
No current moves on Viacom-CBS merger
"There's new CBS chairman and CEO, les Moonves is leaving NPR's. Steve inskeep. Talks to the New Yorker magazine. Reporter this morning about the newest allegations against moma's CBS says there's no severance package worked out from this pending the results of the investigation, and for CBS the departure has bearing on an ownership battle for the corporate structure of CBS. Marketplace. Nancy Marshall genzer who was Moonves fighting with on the CBS board. He was in a battle with Sherry Redstone over a possible sale of CBS Redstone heads a company called national amusements. She's the daughter of Sumner Redstone Sumner Redstone had controlled CBS. And Viacom they were under one roof. But he split them up Sherri Redstone wanted to reunite them. But Moonves thought that was a bad idea, and why was Moonves against that? Well, Viacom is struggling it owns some cable TV channels that aren't doing well comedy central and MTV moon. Moonves didn't want Viacom to drag down CBS, which has been doing been doing. Well, CBS actually sued the red stones and national amusements national amusements filed a countersuit and on that score. What happens now both sides have dropped their lawsuits. The CBS board has been we shaped with six members stepping down and being quickly replaced share Sherry Redstone in national amusements have promised to wait at least two years before proposing. Merger between CBS and
Alibaba's Jack Ma to Step Down in One Year, Zhang to Become Chairman
"Euro dollar fifteen seventy the yen one eleven point zero six, Bob. It's the end of an era for CBS with the head of the media giant ending his twenty year reign at the helm. Bloomberg's John Tucker joins us live with the story. Good morning. John. Good morning, Bob. The sixty eight year old les Moonves was. Regarded as one of the most capable program executives in television at one of the highest paid the New Yorker reported. He sexually harassed a dozen women and tried to harm their careers yesterday. Six additional women came forward is exit package is
Former USA Gymnastics trainer in Texas jail on sex abuse charge
"Big stories on WCBS. I'm cheryl. And here are three things to know at seven forty five Guiliani says President Trump will not answer federal investigators questions not writing non-person about whether he tried to block the probe into Russian interference in two thousand sixteen election, a fifteen dollars minimum wage is coming to Disney workers in Orlando have overwhelmingly approved the race to fifteen bucks, but the contract also that's the company used more part timers now three football season starts with a court allowing former players to sue the NFL for plying them
CBS and National Amusements in talks to settle litigation
"One one knows where you are knows worth car. You're in Korea very very quickly now using a and faked out. To actually sense when something could have gone wrong. We know where you started. And we know we supposed to stop it. How long your trip is going to take? And if there's a big difference. If trip is taking too long more, there's a son stop, we can actually use our intelligence and the power technology to reach out to you. And to make sure that things are okay. Yeah. Dara Gosper shy really trying to rebuild the brand. They're
"sherry redstone" Discussed on KSFO-AM
"Knows where you are knows what car here in Ankara react, very quickly now using a big data to actually sense when something could have gone wrong. We know where you started. And we know we're supposed to stop it. How long your trip is going to take? And if there's a big difference if a trip is taking too long, or there's a son stop, we can actually use our intelligence and the power technology to reach out to you. And to make sure that things are okay. Now since it began operating in two thousand nine Uber's been dogged by reports of drivers accosting costing passengers including lawsuits alleging sexual assaults last year. The company was fine. More than eight million bucks by the state of Colorado that for allowing people with serious criminal or motor vehicle offenses to work as drivers. On the Wall Street Journal is reporting that CBS and its parent company. National amusements are in talks to settle pending litigation over who controls the broadcaster CBS and the company national amusements run by media mogul, Sherry Redstone have been working it out in court since may that's when CBS attempted to issue special dividend that would strip national amusements of its controlling stake in the company, according to the journal the settlement talks include CBS dropping that dividend in exchange. National amusements would agree not to push for a merger between CBS Viacom, which also controls and an Amish couple with thirteen children is suing the federal government accusing officials of violating their constitutional rights by insisting they provide photographs of themselves before the Canadian wife's requests to become a permanent. US resident can be approved. The federal lawsuit filed yesterday in Indianapolis says the southern Indiana couple won't allow themselves to be photographed. In keeping with their old order Amish beliefs that photos of people are graven images. Prohibited by the second commandment, the couple suit states that it was filed as a last resort after officials repeatedly refused to accommodate their sincerely held religious beliefs. The suit names, the US the department of homeland security and citizenship and immigration services. Both agency said Wednesday that they don't comment on pending litigation. A four continuing breaking news and analysis. You can follow along on Twitter or Facebook, I met Matt Ray talk use the hashtag af. And you're listening to America's First News..
"sherry redstone" Discussed on KDWN 720AM
"Are okay. Now since it began operating in two thousand nine has been dogged by reports of drivers costing passengers including lawsuits alleging sexual assaults last year. The company was fine. More than eight million bucks by the state of Colorado that for allowing people with serious criminal or motor vehicle offenses to work as drivers. The Wall Street Journal's reporting that CBS and its parent company. National amusements are in talks to settle pending litigation over who controls the broadcaster CBS and the company national amusements run by media mogul, Sherry Redstone. I've been speaking out in court since may that's when CBS attempted to issue special dividend that would strip national amusements of its controlling stake in the company, according to the journal the settlement talks include CBS dropping that dividend in exchange. National amusements would agree not to push for a merger between CBS Viacom, which also controls and an Amish couple with thirteen children is suing the federal government accusing officials of violating their constitutional rights by insisting they provide photographs of themselves before the Canadian wife's request to become a permanent. US resident can be approved. The federal lawsuit filed yesterday in Indianapolis says the southern Indiana couple won't allow themselves to be photographed. In keeping with their old order Amish beliefs that photos of people are graven images. Prohibited by the second commandment the couple suits states that it was filed as a last resort after officials repeatedly refused to accommodate their sincerely held religious police. The suit names, the US the department of homeland security and citizenship and immigration services. Both agency said.
"sherry redstone" Discussed on KDWN 720AM
"What car you're in Ankara, very very quickly now using a I in big data. To actually sense when something could have gone wrong. We know where you started. And we know we supposed to stop it. How long you're going to take. And if there's a big difference if a trip is taking too long, or there's a son stop, we can actually use our intelligence and the power technology to reach out to you. And to make sure that things are okay. Yeah. Dara Gosper shy really trying to rebuild the brand. They're now since it started operating in two thousand nine Uber's been dogged by reports of drivers are costing passengers including lawsuits have sexual assaults last year. The company was fined eight point nine million bucks by the state of Colorado for allowing people with serious criminal or motor vehicle offenses to work. As drivers the Wall Street Journal reports CBS and its parent company. National amusements are in talks to settle pending litigation over who controls the broadcaster CBS and national amusements run by media mogul, Sherry Redstone have been Duke it out in court since. May that's when CBS tried to issue a special dividend. That would strip national amusements of its controlling stake in the company, according to the journal the settlement talks include CBS dropping that dividend in exchange. National amusements would agree not to push for a merger between CBS Viacom, which it also controls. Well, the Republican congressman coming up with a creative way to drown out a protester. At Wednesday's hearing on social media censorship on Capitol Hill Representative Billy long delayed. The hearing with his auction nearing skills until the protester could be escorted out by security is pretty amazing, folks. We've help.
"sherry redstone" Discussed on KCRW
"Leslie Moonves continues and I feel like with hard to form, his sentence almost because if another few allegations come out against him of sexual misconduct I don't know how much more can. Be withstood the state. Of play is that Ronan Farrow published his series of. Allegations these were six women the most recent allegation was more than. Ten years old that was one and the rest were more. Than twenty years old so? I think the point of view on this is either is? It, possible to evolve is. It possible. To forgive or the. Other side would be no it is not. Possible that's misconduct he has to go the whole place is stocked with less loyalists they are trying to. Find a way to forgive or hope that they can use can be, moved past the belief is that should Leslie wound vacs be knocked from his perch. And it could happen at, any time with another allegation or a few more allegations they feel that Sherry Redstone, we'll take over and that CBS. Will, basically Implode and possibly even ceased to be accompanied with the, same you know a a legacy company possibly get swallowed up as FOX was by Disney FOX's in the process of being. Yeah and that's what's. So interesting here because there are multiple levels associated with. The scandal there's obviously the behavior and what did he or didn't. He do but there's also the motivations of everyone involved here. Because Sherry Redstone obviously has? An interest in these allegations coming out there was a piece? That, you reported this past. Week that. The CBS board members. Urged the company to investigate some allegations against. Upper management I e Leslie Moonves weeks before the Ronan Farrow piece came out so that puts in question. Whether Sherry was helping Ronan Farrow he claims that he was working on, this way in advance of all the litigation it's possible that both are true but. All of this is complicated, by the war for CBS Viacom that said I think a lot of this is going. To depend on what this investigation, brings. Up CBS's hired two, law, firms, the lead investigators from both firms are very prominent female attorneys and they. Are going, to start digging and what we've found in these other situations involving harassment claims is that once you start. Digging, you tend to dig up more and if that's the case then this could be. A very very short tenure for less going forward yeah I actually, wonder whether the investigation will ever get a chance to be, completed because he will be under a lot of pressure. It's tenuous now so I don't know that he can get there so yes there was a letter from a couple of board members asking. For less invest to be investigated in June but one of them. Was Sherry Redstone and she has two other loyalists on the board and one of them was one of her loyalists so this was a faction. On the CBS board trying it, appears to unseat Leslie moon fez now you could say well Sherry Redstone was Is. Right if you engaged. In, misconduct by all means he should be investigated but on the other hand it does seem. She little eager to get. In there and make sure that Leslie Moonves is ousted because he resisted her efforts to have him. Merge Viacom which is you know had been struggling with CBS which was not struggling Leslie Moonves, did not want to saddle CBS. And himself with Viacom's problems, and that obviously made Shari Redstone, extremely unhappy it's really remarkable Matt where. Someone, has brought so much value to a company that in normal circumstances Sherry Redstone would be protecting les Moonves says you know shield. Him with her, body because he has been of so much of. Value to, CBS but when you get to the question of control you know let's just set aside the issue of, like we can give her the benefit, of the doubt and say she was outraged by, the allegations although they are rather old so far. Or you see it as a power play and in. That regard you know I've talked, to. People at CBS somebody, told, me, today I We will all quit we will go. To other companies and we will spend the rest of our days. Trying to thwart anything Shari, Redstone tries to achieve so that's how bitter this yeah and I think it's ultimately going to come down to this investigation so let's look at these claims, and most, of them, are from the eighties and nineties there is one. Claim from two thousand six two thousand seven where a producer named Christine, Peters claims that in a meeting that she. Had with les, Moonves about becoming the president of CBS films he put his hand up her dress, and that is a key. Claim in the, story because, it's takes things that happen decades ago and puts it in a relatively recent context but. You reported this past week that a lot of, people around, Hollywood have kind of looked at that Christine Peters story and are having some questions I mean nobody wants to attack a person who allegedly, as a victim of sexual assault at certainly I don't I mean I've done a lot of two stories, and I've, been on the side of women. And all of them, with People who. Were accused of misconduct however. Christine, Peters tried for many years to establish yourself as someone with a. Real career who could be considered to run CBS films but the reality is at that. Point she was dating eighty something year-old Sumner, Redstone she has only two credits for her entire career both of which were at Paramount Pictures the studio owned by for sometime boyfriend Sumner Redstone and, honestly Sumner Redstone the fish thank from, the head it was from Sumner Redstone who treated women like objects more than anybody and was constantly trying to stow away his girlfriend's in. These jobs so insiders in Hollywood are little bit like really she was traumatized by a man even if Munoz actually had the nerve to make a. Move on, his bosses lady friend so that is one of the few things and also the. Ileana Douglas claims. That les, Moonves then tried to destroy her career, I mean a lot of people inside Hollywood people remember that incident aren't So sure that's what really happened it feels a. Little bit, like things were shaded towards the conclusion that les, Moonves says is an evil villain now I think. These women's stories for the most part do seem. Credible, and I don't think you should just walk away from that but it does feel a bit like the story held him accountable. For everything that happened in the far corners of CBS such as pop which is. A joint venture cable channel run by Lionsgate Lionsgate, does HR so if there was misconduct. Pop laying at the feet of les, Moonves to, insiders in, Hollywood feels, like okay. Bit of a stretch. I think it's it's just agony for a lot of people trying to figure out what position to take given the Sherry Redstone of it. All and the questions about what exactly happened but again if somebody else comes forward, few more women come forward as they very well might that I think will be it. Yeah and I think that's going to be. A job for the investigators you know there's a certain standard that a media outlet. Has but, a legally vetted investigation has a. Different standard I think they're Going. To get, into that right now if they have time thank, you Matt thank you that's Matt Bellamy director of. The Hollywood reporter The new coming of.
"sherry redstone" Discussed on CNBC's Fast Money
"That they're glad that the limits station ownership have lifted and they would be interested in buying the right stations that could fit for them. He also said that new loosened rules around sports betting are huge opportunity both in terms of the focus on live sports and also advertising. But again, no comment on either the investigation to the sexual harassment allegations or the legal battle with Sherry Redstone, Scott back over to you, you'll you surprised that he did not address of the allegations. I think he's following the advice of his attorney. I can only imagine that this is a legal decision not to say anything. I think I expected him to say something simply because his comment to the New Yorker in response to allegations in the article they published his response than yorker was so thorough. It was a long. I mean, there's a full paragraph response. It wasn't a no comment. It was actually a lengthy response, so I would have expected a little bit more here, but I would suspect that this would be a legal decision onto, say anything, Julia. Thanks so much sleep. Worsen out in LA you Karen own a bit of the Stipe do own a little bit of the stock. I mean, it's kind of interesting to be what you can't ask. Any questions about the one thing that you want to ask about, but everything else is okay that that I don't know. I'm surprised at one analyst at least didn't try to sneak through just give it a go. Why not? Maybe they've pre all of the questions. I don't know. I'm just very surprised. They did it this way. You know to make all these going to be other call, but he's not going to say one single thing that you want to hear. Well, the allegations against Mr. moon vests have led to one key question is the CBS board complicit in the moon best scandal in a column for the New York Times. Earlier this week, Jim Stewart laid out the murky water surrounding the board how much they might have actually known about the allegations. Many questions remaining unanswered tonight is Ronan Farrow who originally broke the story reportedly gearing up to do yet. Another piece on moon vest Stewart here, thankfully with us now, Jim, good to see you. So give me your initial reaction to not addressing this at all this evening on the call. Well, I think it's tricky because you know, as she said he, he did address it to New York, or I would have thought that at the very least he would have made some sort of reiteration of that sort of statement. And I think particularly significant that in the New Yorker comment, he didn't just deny everything. He did apologize and say he was sorry if he'd made advances, it made some women uncomfortable. I read that. Whoa, you know who approved statement that's an admission that something went on here, and I think that's going to be that's a serious issue for CVS as they go forward..
CBS CEO accused of sexual misconduct in upcoming New Yorker article
"Retired from, new center five in one thousand nine hundred ninety nine CBS says it will. Investigate allegations of misconduct against CEO Leslie Moonves as amid reports of a forthcoming expose from the New Yorker magazine the company's independent board issued a statement saying it takes allegations of misconduct. Seriously the statement comes ahead of an anticipated. Report alleging that one of the most powerful men in Hollywood is accused of unwanted kissing and touching CBS's board notes that the timing of this Report comes in the midst of the company's very public legal dispute with Sherry Redstone and national amusements.
CBS probes misconduct claims against CEO Moonves amid legal battle
"A monster wildfire. On the Brady Fox News it's. Killed two firefighters injuring eight more, people in northern California so ferocious overnight it made its own wind and, prompted mass last minute evacuations in. The city of reading, what we tell people in situations like this is don't wait for the knock on the door don't. Wait for the phone call if if you feel threatened leave if it's not an area that ends up being under that evacuation order you can always go home. Afterward Cal fire division chief Chris Anthony's has more than sixty. Structures have been destroyed and the, same hot dry, weather pattern continues wildfires have prompted a state of. Emergency at both ends of California arraignment day for. A man accused of setting nine of the fires held on a million dollars bail CBS says, misconduct allegations against its, chairman will, be investigated FOX's Michelle Pollino has this. Live Lisa CBS network getting out ahead of a yet, to, be published Ronin Farrow New Yorker magazine article accusing CEO les Moonves says of unwanted touching and kissing CBS states without mentioning Munoz's name the independent directors of CBS have committed to investigating claims. The violate the company's clear policies. Adding the timing of this report, comes in the midst of the company's very public legal dispute with Sherry, Redstone and national amusements national amusements. Responding saying the militias, insinuation that miss Redstone is somehow behind the allegations as false and self-serving Lisa thanks Michelle meantime CBS. Shares down over six percent today just a day after Facebook's record loss Twitter shares plunge over twenty percent over similar concerns decline in users and the impact on. Future earnings that tech tumble dragging down Wall Street the Dow. Fell seventy six points even after, the.
CBS Board to Investigate Allegations of Sexual Misconduct Against CEO Leslie Moonves
"Pays to listen Fourcade and seven ninety KABC and Lawrence von and I are here in New York City right across from each other. Which is being. Across each other a little weird by. Itself Side by side but we're we're crossing each other and. We are in the city of New York and we are because you've, demanded that I never look in, your eye line no don't Divert Really it's got a lot of show up jazz mechanic coming in one year. Later thanks the sheriff's, department democratic donor likely to escape criminal charges in the fatal overdose of an African American black. Man jasmine following that story Mugs other things we'll talk to James. CNN enforced Manolis retired f. b. i. supervisor special agent. Trader Joe's suspect he says should be held accountable for the accidental police shooting by of a bystander by police this now is a thirty minute nonstop. News Lawrence von we start off with les Moonves says the CBS CEO one, of the most powerful men in Hollywood is now accused of unwanted kissing and touching in, a New Yorker article that set to be published today, the article is by Ronan Farrow who has broken several stories on this topic and it includes allegations of sexual misconduct on the part, of embattled CBS chairman and CEO Leslie Moonves as a spokesperson for the New Yorker says we don't. Comment on pieces that we haven't yet published but could be out if it's not already sources with knowledge of the. Article. Say delves into a broader culture at. CBS and will publish later today on. The magazine's website statement, CBS has said it is investigating the claims made against moon vs all allegations of personal misconduct. Are to be taken Very seriously now Ronin is not one. To report these things without a good deal of research right he's he's been shown his track record is pretty good All right so the concern here is what about. His? Relationship with Julie Chen. And that's workplace married now jeeze All right so that it's still weird I'm assuming this has to do with others? Yeah Assuming too but it. Did OBI already you wonder how they got. Together Exactly Underlying and you would see that as a pattern of, conduct even though it created a, marriage it's was a pattern of. Conduct they're still so. Concerning. Right. Absolutely considering she still works is that is that? New they're just, out comes out. Today I surprised I missed. It is? It did it just come? Out In the last two hours that's. Why Mr. the CBS has added that. The timing of this report comes in the, midst of the company's very public legal dispute and while that litigation process, continues the CBS management team has, the full support of independent board. Members along with that. Team. We. Will continue to focus on creating value for our? Shareholders maybe I'm, not understanding what. Very public so they have a dispute? With les Moonves don't they Disputes it's. Going on right now and that's, why they're questioning the timing of this article I have to to dig in a little. More I'll look during your next door has been married to. Julie Chen since two thousand four they. Wed less than two weeks after moon finalized, his divorce His wife pattern that's a. Pattern I just say the but I guess is there any unwanted kissing touching is that what it was well apparently, Ronan. Farrow, who broke the story has been investigating Moonves and the environment at CBS four months as rumors swirled through the industry that's such an. Article was in the works. It's unclear what impact the New Yorker report will have. At a time when moon vez locked in litigation. With Sherry Redstone oh that's the lawsuit that they're talking about the wife of Sumner Redstone, or the daughter rather who's fighting for control of CBS Viacom She she put Unloaded some, interesting is Very scary dramatic yeah but the I'm just trying to get my head around the unwanted kitchen kissing and touching in a time when men may not have been aware that you? Know what I mean it depend how unwanted touching was what kind of touching or does he, just, fire. Charlie rose right No So I'm assuming this is relatively. Recent I I can't imagine they're talking about the time before he was married because he was first wife in nineteen seventy. Eight all right time for little traffic with Rhonda. Kramer, thanks, Jack Jill and. Lauren we're looking at the northbound side of the one at one four you wrote, around but we found an accident. Here they've opened a couple lanes to left still blocked backup all the way to the. Four oh five and eastbound from Calabasas road southbound four zero five Burbank through Getty center drive the usual volume and northbound delays from the. One oh five to the ten fifty seven north diamond bar. Pathfinder you've got roadwork here with a carpool, lane blocked seventy one north right around the. Fifty seven also working with an accident here and westbound side of the sixty freeway at around. Pedley you've got a crash now right shoulder backing up to Rubio and fifteen north at the one thirty eight working on an earlier crash and, graphs fire the backup..
"sherry redstone" Discussed on P&L With Pimm Fox and Lisa Abramowicz
"Be targeting younger demos in the younger demos or spending less and less time with television number one and number two the the film studio the paramount film studios really been an underperforming so if you're cbs shareholder you say gee my cbs stories working pretty well the cbs networks doing well the showtime networks doing well and i'm pretty happy with my cbs investment i don't want to see cbs by viacom because i just don't think they're a great company and i think they're gonna be dilutive to my growth rate going forward so i think most investors and i think less of was saying listen if you're going to force us to merge with viacom has to be on our terms at cbs our financial terms we want to we don't want to dilute our shareholders and more most importantly it has to be on our management terms we went our management team to run the combined company and that management issue is really the stumbling block here paul maybe just outlined what was cbs trying to do tactically i think well cbs was trying to invoke a part of their bylaws which is very unique to their bylaws which allows them to convene a special meeting today of the board and to declare a one time stock dividend which would dilute the ownership the voting ownership of an ai from about eighty percent down to seventeen percent effectively negating the control that share redstone would have and that's what got blocked you know when you came in here you said that sherry redstone in less moon vast could never work together again period the end so even if there's some kind of win on this appeal you know unless they actually can strip control from sherry redstone les moonves is out i think so i think the i don't see a scenario here where this management team at cbs this board at cbs can ever come back and work with sherry redstone a national amusements i just think the you know the the the trust the relationships have probably been ero irrevocably.
"sherry redstone" Discussed on CNBC's Fast Money
"Our plus the cbs board meeting happening right now in new york city amid all the redstone drama cnbc's leslie picker standing by with the latest less hey melissa that's right we're here outside of pbs headquarters in new york where the board meeting got underway just thirty minutes ago we'll have more on the battle between cbs in its controlling shareholder right after this welcome back to bass when he shares a cbs getting shellacked today as a judge denied its request for a temporary restraining order against sherry redstone national musicians as the board battles over it's possible deal with viacom more on this story let's get to leslie pecker who's live outside the cbs headquarters where the board meeting is taking place in new york leslie hey melissa that's right the board meeting is underway behind me right here at this at the cbs headquarters we saw a slew of directors walk in about forty five minutes ago including doug morris and joseph califano but none of them would talk to us or speak on camera they were supposed to vote on a special dividend that would dilute sherry redstone voting rights that was the plan cvs ceo less moon bez was pushing to prevent a merger between cbs and viacom the two companies that red stones national amusements controlled but a delaware judge ruled today that cbs is board couldn't block redstone from waging her power at today's meeting now the special dividend would dilute her power down from eighty percent to about seventeen percent so what's next while there's bound to be plenty of courtroom drama in store no one really expects things to end right here and of course cbs has their shareholder meeting in midtown manhattan's tomorrow we'll be there to follow all the details melissa are leslie thank you leslie picker we'll all this drama has given rise to a new hit show on cbs redstone and the wrestling it is the story of the never ending power struggle for the tiffany network and viacom it stars of course sumner redstone revered and feared ninety four year old media titan there's also sherry redstone his estranged daughter who after orchestrating the removal of philippe dome the french.
UPDATE 1-Elon Musk brings high-tech charm offensive to Los Angeles tunnel plan
"Suit that is kind of increasing the likelihood that the media company will merge with viacom we had a ruling thursday today by delaware judge which is a victory for sherry redstone a cbs director and president of the families theater operator national amusements who is pushing for a merger and is also a controlling shareholder of both cbs and viacom so i mentioned cbs shares belly down four point one percent by coming up on point six percent what do you got going off of that staying with negative stories looking at cisco systems the third worst decline in the sp five hundred third quarter earnings yesterday evening beat on revenue and overall earnings it looks like a good quarter with those numbers came out yesterday it was strong but a left investors wanting more some sell side analysts noted that it didn't knock it out of the park given a low bar of expectation so even when you beat sometimes it's not enough to impress on wall street and we saw the stock now down for a fifth straight day after it topped out at a seventeen year high last week with a lot of excitement going in with the space and then obviously you can beaten not not quite enough for investors investors never happy keep in mind cisco was up about twenty seven percent last year and the stocks up about thirteen and a half percent even with some of the pullback today so i guess investors have been overeager and expecting a lot let me talk a little about tesla because tesla just down about seven tenths of a percent but i caught this story this morning goldman sachs coming out and saying elon musk may need to tap capital markets for more than ten billion dollars by twenty twenty two fund tesla's auto make making operations in its new products and also expected expansion to china goldman sachs ain't tesla's options to issue bonds convertible notes or equity each choice would have downside for investors and bloomberg businessweek grow back i don't know month ago a few weeks ago a couple of months ago talked about tesla's need probably to somehow at some point maybe by the summer tap some capital tesla by the way down eight point six percents so far in two thousand eighteen and it is down about twenty percent since hitting.
"sherry redstone" Discussed on KBNP AM 1410
"Assert some level of influence and versus control shareholder national museum it's here and that initial opportunity for them really took a big blow here so this is something that i think you know the the the balls in the court of sherry redstone and national amusements and what will they do what the board what will they do with management including less and i think what the stock down six percent of kinda tells you that investors think a deal is coming in mergers going to happen and it won't include lemon yeah so so basically shares down more than six percent on the expectation that les moonves says will exit from the helm of cbs viacom and cbs will merge which a lot of shareholders of cbs don't want just can you bring back the memory of why cbs so why cbs shareholders are against this merger at this point i think cbs shareholders view viacom is a flawed asset it's you know it's a company that's been struggling the cable networks are pretend prone to cord cutting because the the tv networks nickelodeon networks and all those they tend to be targeting a younger demos and the younger demos we're spending less and less time with television number one and number two the the film studio the paramount film studios really been an underperforming so if you're cbs shareholder you say gee my cbs stories working pretty well the cbs networks doing well the show showtime networks doing well and i'm pretty happy with my cbs investment i don't want to see cbs buy viacom because i just don't think they're a great company and i think they're going to be dilutive to my growth rate going forward so i think most investors and i think last was saying listen if you're going to force us to merge with viacom it has to be on our terms at cbs our financial terms we want to we don't want to dilute our.
"sherry redstone" Discussed on 710 WOR
"Is the number it was just announced the author tom wolfe died yesterday at the age of eighty eight i he was the author bonfire the vanities the right stuff and so many great works and he was part of that whole new breed of journalism all those guys came along in the late sixties and revolutionized journalism was him and nick pledging all is a new york magazine a guys back in the glory days of the new york magazine let's go to mario in east rutherford hey mario mark how you just a couple of things my daughter is a teacher in high school kids are coming to school in the morning stone on marijuana legalize marijuana medical marijuana that's number one number two you know mark all the respect my friend guys like you that have never been married and raise children legal brushing sushi you really wanna do that you really want to do it it's not stopping too serious way too serious hey coming up dennis miller will be with us in in just a few minutes we always love having him on he'll be here also cbs viacom viacom was the original parent company is cbs and there were two separate companies to separate stocks they were about to merge together something has gone wrong in this merger and now cbs pulling away and suing viacom now this is less moon vest who runs cbs and over there at viacom it's sherry redstone the daughter of sumner redstone the founder and she's always been kind of at war with les moonves s there's even talk that some of that dirt coming out about cbs the sex scandals she may have been pushing for that a little so this is going to get ugly there now suing each other there's somebody on the board of cbs that she wants out she says this person has been physically and verbally aggressive with people and nobody can figure out who this board members have been looking at the list of other people confirm there have been incidents they've witnessed but they can't say who the board member is so this could be an interesting fight that could get very ugly very fast now you know network tv is dying year after year it just keeps getting smaller and smaller the.
"sherry redstone" Discussed on Bloomberg Radio New York
"Risk associated with cord cutting that's primarily because it's not in the basic cable tv business so it's in broadcast television was cbs which has its own challenges but broadcast television is really benefiting from sunday called retransmission revenues which means that they're actually getting paid by the cable operators and the satellite to carry their broadcast network and that was not the case case up until five or six years ago so that's a growing source of revenue for cbs they have showtime which is also a very good business for them and they've really kind of focused on their international distribution business so they've actually got some a a nice clean story they are clearly not big enough to be a longterm player in consolidating media business and you know i think a lot of cbs investors would say i like a standalone cbs better because it's a better standalone company number one and number two it could potentially be a takeout candidate in a consolidating marketplace gonna ask you pause or somebody else who could come into the picture to kind of complicated or help out here or i think national amusement with their ownership stake in both companies it's very unlike i think the first step here has to be a combination of these two companies and then maybe sherry redstone steps back after a year or two and says gee is this combined company big enough to really compete in in a consolidating market place when i have to compete against facebooks apples and googles of the world not just other media companies let's next it's got about twenty seconds here happens now is it go to court i think we're gonna i looks like unless this is going to force these companies to the table to negotiate one option the other option is it goes to court god and ain't over yet no it's not do you think this deal will ultimately get done i think it will ultimately get done because it really does make sense for both companies longterm but right now does not look good pretty messy pulse weenie us director research and senior media an internet alice at bloomberg intelligence in our new york studio you're listening to bloomberg radio.
"sherry redstone" Discussed on KBNP AM 1410
"Risk associated with cord cutting that's primarily because it's not in the basic cable tv business so it's in broadcast television was cbs which has its own challenges but broadcast television is really benefiting from something called retransmission revenues which means that they're actually getting paid by the cable operators satellite like tick to carry their broadcast network and that was not the case up until five or six years ago so that's a growing source of revenue for cbs they have showtime which is also a very good business for them and they've really kind of focused on their international distribution business so they've actually got some a a nice clean story they are clearly not big enough to be a longterm player in the consolidating media business and you know i think a lot of cbs investors would say i like a standalone cbs better because it's a better standalone company number one and number two it could potentially be a takeout candidate in a consolidating marketplace is gonna ask your positive somebody else could come into the picture to kind of complicated or help out here or i think national amusement with their ownership stake in both companies it's very unlikely i think the first step here has to be a combination of these two companies and then maybe sherry redstone steps back after your too and says gee is this combined company big enough to really compete in in a consolidating place when i have to compete against facebook's apples and googles of the world not just other media companies what's next it's got about twenty seconds here happens now is it go to court i think it looks like unless this is going to force these companies to the table to negotiate one option the other option is it goes to court god and it ain't over yet no it's not do you think this deal will get done i think it will ultimately get done because it really does make sense for both companies long term but right now it does not look good pretty messy pulse sweeney us director of research and senior media and internet alison bloomberg.
"sherry redstone" Discussed on KBNP AM 1410
"Financial terms on our management terms and that's the last part the management terms has really been a sticking point les moonves wants his management team the run the combined company sherry redstone who controls the both companies through national amusements says no no i want a major role for the ceo viacom two maybe these successor to less going forward so that's kind of where we are in contention there and and that's really been a deal breaker that last point about what role will bob back as have if any in the combined company and that's been the tipping point here and i think what we're seeing is this suit today shows that neither cbs or vicodin or close at all to a deal why are they so contentious why does it seem like siri rhinestone hates les moonves her does she you know i don't think it's necessarily hey maybe after today's news i'm sure they were shocked over there at national amusements viacom by this move because again this really is the nuclear option for cbs here basically calling out sherry redstone in the board of a national amusement mary gabelli who invested media said it's a clever removes a clever move in it's it's really interesting but i just think it's you know again viacom is a is a fault company and cbs up until this merger speculation came on the stock was singing right along over the last five or six years so they are saying basically again if you're gonna force us to do this deal it's gonna be on our terms and sherry redstone saying wait a minute remember i own you own both companies so the question is what is the response potentially coming out of sherry redstone and national amusements and the nuclear option on her side would be less you're fired does it out it doesn't matter what the rest of shareholders want i mean i understand that national amusements is kind of the controlling shareholder here right.
Redstone weighs CBS-Viacom merger with or without Moonves
"A degree of recognition of areas of responsibility or areas of operation willingness not to kind of step on one another's toes and that's probably what israel would be looking for here but at the same time this depends on the internal dynamics of the israeli government coalition at this point how much procedure uranian threat and what it feels it must do politically to after that very good thank you so much we've got to move on with verse verse maeve across the news flows extrordinary this headline just out moments ago from cnbc pimm fox i don't even know what to do with this moon moon vis maybe fired is cbs head if no deal while we know that viacom sherry redstone control cbs while through the ownership yes that comes from buy com and they've been trying to figure out a way for cbs viacom to combine les moon vests just received a nearly seventy million dollars pay package because of his performance last year it's no secret that he would like to remain in charge of the company and perhaps the deal doesn't get done according to the likes of sherry redstone that happened cbs off almost two points one one dollar eighty one right now that news just coming out seconds ago moon viz maybe fired his cbs head of no deal that according to cnbc this is bloomberg what's going on in the world we got mr michael barr mr bar 'em tom thank you very much republican house speaker paul ryan will not run for reelection at gordon to people close to the wisconsin lawmaker ryan's plans have been the source of much speculation amid republican concerns over keeping their majority in the house of representatives ryan ed may tax cuts a centerpiece of his legislative agenda and congress delivered on that late last year ryan plans to face reporters in about twenty minutes bloomberg radio will carry it live after russia warned the us against military strikes in syria president donald trump says missiles will be coming trump tweeted this morning russia vows shoot down any and all missiles fired at syria get ready russia because they will be coming nice and new and smart russia lawmakers have warned that moscow would view an air strike on syria as a war crime.
"sherry redstone" Discussed on KCRW
"Power sherry redstone there is a battle burrowing over the future of the redstone empire which consists of cbs and viacom apparent of paramount pictures mtv nickelodeon bt a whole array of cable channels that have big problems in today's streaming and divided world all were people's attention is being pulled this that and the other way those companies were split apart by sherry red stones very old now father and sumner redstone whose 94 and not really active in the world at all sherry redstone won a battle about a year ago to wrest control of viacom from philippe doman who had been her father's pointed head of the company in who pretty much looted it really it is made no sense to anyone wire cbs and viacom separate particularly in this environment where fox is being sold to disney in these companies are becoming gigantic sherry redstone wants to join these two companies back together and the path is not so easy and smooth no i think it's a foregone conclusion of this point that these companies will merge but then that runs up against the politics of the situation was members is one of the most talent in powerful figures in hollywood history and he is not going to take on a merged company unless he has assurances that he is the man in charge and that raises a lot of issues within the redstone family because ultimately they are the owners of these properties not less mooned us and when she won the battle the take control of viacom sherry redstone i think that a little bit of a taste of wanting to be a person who has got handson to some degree even as she somewhat said she didn't want to be she wants to be involved in controlling what happens you know she wants to show that she has her father's daughter her father was a major controversial not easy empire belter and she wants to show i can restore the empire i can salvage of the empire and dak sets up a clash with moon pheasant she took kind of a shot across his bow by people perceived a story in the wall street journal is being planted by her and in that story she.