Sumner Redstone News
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Paramount Pictures’ “Star Trek Into Darkness,” the second installment in the rebooted franchise, opened to disappointing ticket sales, squeezed by holdovers “Iron Man 3” and “The Great Gatsby.”
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“Star Trek Into Darkness,” the second installment in director J.J. Abrams’s reboot of the science-fiction series, is forecast to take in $112 million in its debut, boosted by an early start in theaters this weekend.
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CBS Corp., relying on a prime-time schedule that already outdraws all competitors, will introduce four new comedies and one drama for the new television season.
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In 1972, President Richard Nixon cruised to re-election. “The Waltons” premiered on CBS. And Sumner Redstone, who wasn’t yet a global media mogul, made a taxable gift to his children and failed to file a return.
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Shares in Viacom Inc. rose after the owner of cable networks Nickelodeon and MTV reported fiscal second-quarter profit that exceeded analysts’ estimates on improved advertising sales.
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CBS Corp., owner of the most-watched U.S. television network, reported first-quarter profit that beat estimates as Super Bowl ads, fees from cable systems and streaming deals with Amazon.com Inc. boosted revenue.
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Time Warner Inc. and CBS Corp. have flirted for years. A marriage now may make more sense than ever.
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When Paul Heth showed up in Moscow after the Soviet Union disbanded, the former U.S. soldier had nothing more than $600 and a love of movies. Now he’s taking on some of Russia’s wealthiest men in a race for box office riches.
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CBS Corp. Chief Executive Officer Leslie Moonves received $62.2 million in total compensation in 2012, a drop of 11 percent that still places him among the top- earning executives in the U.S.
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Viacom Inc. , owner of MTV Networks and Paramount Pictures, increased its quarterly dividend by 67 percent to 25 cents a share, boosting the yearly payment to Chairman Sumner Redstone ’s family company to $41 million.
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