Viacom halves Redstone's cash compensation
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Media conglomerate Viacom Inc. on  Monday said it will cut in half Executive Chairman Sumner  Redstone's salary and cash bonus compensation to about $4.5  million annually amid criticism that he was among one of the  most highly paid executives in the United States.
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In abruptly replacing Thomas E. Freston as chief executive of Viacom yesterday, Sumner M. Redstone sent another blaring signal to the media world and Wall Street that he does not intend to fade out of the picture.
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CBS Corp. and Viacom Inc. Chairman  Sumner Redstone have settled a lawsuit with his son, according  to the online edition of the Wall Street Journal on Sunday.
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A nephew of Viacom Inc. chairman Sumner Redstone, Michael David Redstone, has filed suit against his media mogul uncle claiming he was bilked out of a valuable stake in the family's business empire.
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So, if you don&#8217;t pay the people you have working for you, they&#8217;ll find ways to pay themselves. Jason Calacanis comments on Top 50 Digg Users accepting money from Public Relations firms: A PR/marketing firm confirmed with me that they had a number of the top 50 users on digg now on the payroll&#8211;and this wasn&#8217;t [...]
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Video-sharing company splits revenue with video creators pays out $1 million over the past year.
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NEW YORK, Oct 28  - Media-entertainment group Viacom said Thursday it posted a net loss of 487.6 million dollars in the third quarter as a result of its spinoff of its struggling Blockbuster video unit.
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Corrects paragraph 8 to say Infinity is part of CBS and no  longer a division of Viacom
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Google Inc.  said on Friday its board of directors had agreed to pay executive officers a bonus of up to $1.5 million total for 2006, but it was not clear if the plan applied to the billionaires who started the Web search leader.
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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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Viacom said it would pay its new chief executive $2 million in salary, as a way to limit cash compensation and tie most of the compensation to the performance of ViacomÂs stock.
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It looks grim for webcasters -- the U.S. Copyright Royalty Board announces retroactive rates, endorsing a per-play proposal by RIAA-associated SoundExchange. In Listening Post.
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Viacom Inc., a media conglomerate that owns MTV and VH1, said Monday that it was cutting the cash salary and bonuses of its chairman and controlling shareholder, Sumner Redstone, and linking most of his compensation with the performance of the company's stock.
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Viacom said Sumner M. Redstone was restructuring his pay to more clearly align it with shareholder interest.
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Media conglomerate says it will make an offer for 77.7% of financial news site it still doesn&#39;t own. NEW YORK  - Media conglomerate Viacom Inc.
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The Redstones, the family that  controls Viacom Inc. and CBS Corp., have taken their private  squabble public in a battle that throws into question  succession plans for the global media company.
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Conversant with convergence Redstone, the long-time loss-making fixed-line telecoms firm,has morphed into a new age IT and telephony hybrid with a positive bank balance after a year of financial restructuring and acquisitions.â¦