Sumner Redstone cool with Dauman; theaters hot with buyers

April 30, 2009

As we previously noted in MediaFile the main takeway from Viacom’s earnings call was that advertising is awful, but it’s not getting worse. But there were a few other highlights, too, so here’s a time-saving rundown:

Outlook grim for media and entertainment deals

February 27, 2009

Deal-making in the U.S. media and entertainment sectors is going to be down this year, says a new PricewaterhouseCoopers survey (request a copy here). Now, that’s not a new or startling conclusion given the state of the economy, but it’s just another piece of evidence that when consumers and advertisers get thrifty, deal makers can end up become benchwarmers as companies struggle with cost cuts and other exigencies.

Redstone debt crunch could be easing, despite income loss

February 19, 2009

Here’s the latest on Sumner Redstone: On CBS’s earnings call he reiterated that negotiations with lenders regarding National Amusements’ debt situation were moving forward.

Redstone’s last picture show

December 4, 2008

Media mogul Sumner Redstone appears to be sticking with his decision to not sell more shares in Viacom and CBS. Here’s the Financial Times:

Sports and economy square off

December 2, 2008

Sorting out what the economic downturn means for the sports world has become something of a sport itself.

What’s new with the Redstone family?

October 15, 2008

sumner.jpgThe Redstone family knows drama. Late last week, Sumner Redstone’s family holding, National Amusements, announced that it was making a substantial stock sale in each of its key holdings, CBS and Viacom to comply with debt covenants.