Viacom slashes Redstone salary
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Viacom Inc. said it cut chairman Sumner Redstone's salary and cash bonus 51 percent for next year and boosted his stock compensation as part of an effort by the owner of MTV Networks and Paramount Studios to link executive pay to the share price.
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Six months after publicly rebuking  actor Tom Cruise for his off-screen behavior during a bitter  split between the star and Paramount Pictures, Viacom Inc.  Chairman Sumner Redstone wants to make nice again.
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The latest high-profile Hollywood breakup is between Tom Cruise and his studio. Sumner Redstone, whose company owns Paramount Pictures, said the studio would sever its 14-year relationship with Cruise's film production company because "his recent conduct has not been acceptable to Paramount."
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A growing estrangement between Sumner N. Redstone, the media billionaire, and his daughter Shari has called into question who will inherit control of the CBS and Viacom empires.
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Viacom Inc. VIAb.N Chairman Sumner   Redstone, who in August severed ties with Tom Cruise, on   Tuesday ousted Chief Executive Tom Freston, in a surprise move   to exert more control over the company amid a lagging stock   price.
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On Friday, media conglomerate Viacom upbraided YouTube for continuing to host throngs of Viacom videos without permission and demanded that over 100,000 of its clips be removed from the popular video-sharing site owned by Google.
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Viacom Inc.  Vice Chairman Shari Redstone may leave the board over a falling out with her father, Chairman Sumner Redstone, a source familiar with the matter said on Thursday.
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In a case of history  repeating itself, Sumner Redstone has ousted Viacom Inc.  president and CEO Tom Freston, with the executive chairman of  the media giant telling surprised investors Tuesday that two  longtime confidants have returned to take the helm.
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Viacom Inc. (VIAb.N) Vice Chairman  Shari Redstone may leave the board over a falling out with her  father, Chairman Sumner Redstone, a source familiar with the  matter said on Thursday.
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Newly-appointed Viacom Inc. Chief  Executive Philippe Dauman will earn an annual salary of $2  million along with a yearly cash bonus target of $7 million,  the media company said on Thursday.
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Viacom said Tuesday its current president and CEO Tom Freston has resigned his position with the company.
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Company also will slash value of its assets by $11.4 billion. Moves are prompted by plan to retreat from traditional consumer telephone business.
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By SETH SUTEL  NEW YORK - Media company Viacom Inc., which owns the cable networks MTV, VH1, Nickelodeon and the Paramount Pictures movie studio, asked YouTube on Friday to remove more than 100,000 unauthorized clips from its hugely popular video-sharing site.
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Six months after publicly rebuking actor Tom Cruise for his off-screen behavior during a bitter split between the star and Paramount Pictures, Viacom Inc. Chairman Sumner Redstone wants to make nice again.
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Media company Viacom Inc., which owns the cable networks MTV, VH1, Nickelodeon and the Paramount Pictures movie studio, asked YouTube on Friday to remove more than 100,000 unauthorized clips from its hugely popular video-sharing site.
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Eons Inc., a 14-month-old website catering to aging baby boomers, has laid off two dozen employees - more than a third of the staff at its Boston headquarters - in its second cutback this year.
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CBS Corp. said on Tuesday it would cut  Executive Chairman Sumner Redstone&#39;s salary and link his  compensation more closely to the media company&#39;s stock price,  settling shareholder litigation over its compensation  practices.