National Amusements: Time to talk to the bank

October 17, 2008

redstone2.jpgAnother day, another twist in the latest Sumner Redstone drama. This time, the media mogul’s company, National Amusements, announced that it’s having sit-downs with its lenders over some debt covenants? What are the covenants? And how much debt to they cover? Nobody outside of the company seems quite sure at this point.

The drama builds in Hollywood

July 10, 2008

hollywood.jpg

We’re once again wondering who will blink first in Hollywood.

The Screen Actors Guild and the major firm and television studios are having another pow-wow today, and the subject is an ominous sounding “final offer”┬áthat management has presented to the union.

Viacom rocks with Rock Band

May 2, 2008

Viacom Chairman Redstone holds $20 bill out to photographers as he poses with wife Fortunato at 80th annual Academy Awards in HollywoodYoutube video we wish existed: Sumner Redstone rocking out on “Rock Band” to the Beastie Boys’ “Sabotage” or Bon Jovi’s “Wanted Dead or Alive.”