Viacom Discloses Details of Philippe Dauman’s $72 Million Settlement Deal

Philippe Dauman will leave his post as Viacom chairman-CEO next month with a $46 million check in hand as part of a severance package estimated to be worth about $72 million. Dauman will also be eligible for a 2016 bonus of up to $20 million, under the te.....»»

Category: topSource: varietyJan 12th, 2017

Viacom Officially Resolves Leadership Dispute: Dauman Out, Thomas Dooley Interim President & CEO

Following unanimous approval by the Boards of Directors of Viacom and National Amusements Inc. of a settlement in the ongoing dispute over Viacom leadership, Philippe Dauman has stepped down as president and CEO of Viacom. Thomas Dooley, Viacom Chief Oper.....»»

Category: topSource: deadlineAug 21st, 2016

Former Viacom Chief Tom Freston Goes Public with Criticism of Philippe Dauman

Former Viacom chief Tom Freston is adding to the chorus of critics calling for Philippe Dauman to be replaced as chairman-CEO of Viacom. Preston gave a lengthy interview Wednesday to CNBC in which he didn’t hold back on his assessment of the state o.....»»

Category: topSource: varietyJun 16th, 2016

Viacom Chief Philippe Dauman Predicts Paramount Deal by End of Next Quarter

Calling Paramount Pictures a “crown jewel,” Viacom Chairman and CEO Philippe Dauman said Monday that he hoped to have an agreement to sell a minority stake in the studio behind “Star Trek” and “Transformers” by the end .....»»

Category: topSource: varietyMar 7th, 2016

Philippe Dauman Will Skip Sun Valley Meet As Moguls Question Viacom’s Fate

Viacom CEO Philippe Dauman won’t have an embarrassing encounter with Vice Chair Shari Redstone this week at investment banker Herb Allen’s annual Sun Valley mogul gathering. Redstone’s already there, and the Viacom chief was invited. But.....»»

Category: topSource: deadlineJul 7th, 2016

Viacom, Sumner Redstone Close to Deal Ousting CEO Philippe Dauman

The media giant's board has given preliminary approval on a deal that would give Dauman an up to $90 million exit package, according to a person familiar with the discussions. The settlement would put an end to a hard-fought legal battle that began in Jun.....»»

Category: topSource: hollywoodreporterJan 12th, 2017

Viacom CEO Dauman Pursuing Paramount Stake Sale

"We have been approached by several potential strategic investors," CEO Philippe Dauman said during an investment conference Tuesday. Viacom shares surge as much as 5 percent.read more.....»»

Category: topSource: hollywoodreporterJan 17th, 2017

Embattled Viacom CEO Philippe Dauman Takes His Case to the Company"s Employees

Urging the company not to be distracted by his current battle with Sumner Redstone, Viacom's top executive makes his argument for how Viacom's various businesses are moving "rapidly and successfully into the future."read more.....»»

Category: moviesSource: hollywoodreporterMay 25th, 2016

Sumner Redstone Says He Opposes Sale Of Paramount Stake And Calls Claims He’s Incapacitated “False And Unfair”

UPDATE with Viacom statement: The new war between Viacom and CBS Chairman Emeritus Sumner Redstone — or, depending on whom you believe, the people around him — and Viacom CEO Philippe Dauman just became more intense. Redstone’s camp rel.....»»

Category: topSource: deadlineMay 23rd, 2016

It"s War: Sumner Redstone Ousts Philippe Dauman From Trust That Will Control Viacom and CBS

Dauman and director George Abrams are being removed as trustees of the board that will have voting control over both companies. read more.....»»

Category: topSource: hollywoodreporterJan 15th, 2017

Viacom to Name Bob Bakish Interim CEO (Report)

The head of the company's international networks is in line to take over from Tom Dooley, who followed Philippe Dauman, at a time when Viacom and CBS are studying a recombination......»»

Category: moviesSource: yahooOct 30th, 2016

Viacom Shakeup: 5 Problems Wall Street Wants the Board to Address

Wall Street’s dismay at Viacom’s long-term prospects was one of the biggest catalysts for the management overhaul that begins in earnest this week with the exit of Philippe Dauman as chairman-CEO. As the newly constituted Viacom board meets this week .....»»

Category: topSource: varietySep 12th, 2016

Philippe Dauman Entitled to $58M Viacom Severance Payment, Board Summons Paramount Management

The company in a regulatory filing says Paramount management will provide the Viacom board with a business update and may face more board oversight.read more.....»»

Category: topSource: hollywoodreporterJan 12th, 2017

Viacom CEO is out as the company settles Redstone lawsuits

The messy legal battle over Sumner Redstone's media empire appears to have come to an end. According to an internal memo provided by Viacom on Friday, CEO Philippe Dauman will step down, making Thomas ........»»

Category: topSource: yahooJan 12th, 2017

Viacom weighs selling minority stake in Paramount film unit

(Reuters) - Viacom Inc is considering selling a "significant" minority stake in its Paramount Pictures movie studio, Chief Executive Philippe Dauman said on Tuesday.....»»

Category: topSource: reutersJan 17th, 2017

Judge Hears Philippe Dauman"s Arguments in Sumner Redstone Competency Hearing

A ruling on whether to proceed quickly in Dauman's attempt to be restored as a Redstone Trustee will come later this month, according to the judge.read more.....»»

Category: topSource: hollywoodreporterJun 7th, 2016

Interim Viacom CEO Reassures Employees About Transition

The media giant sent an email to employees asking for patience as the board puts the finishing touches on a deal that will oust chief executive Philippe Dauman and install Tom Dooley as interim CEO. read more.....»»

Category: topSource: hollywoodreporterAug 20th, 2016

National Amusements Vows To Oppose A Deal To Sell Parmount Stake

Sumner Redstone’s National Amusements, which owns 80% of Viacom’s voting shares, just threw a wrench into CEO Philippe Dauman’s effort to sell 49% of Paramount to China’s Wanda Group. The exhibition chain this morning says that it .....»»

Category: topSource: deadlineJul 15th, 2016

Viacom CEO: "We Have the Strategic Scale," Don"t Need to Buy It

Philippe Dauman says the entertainment company is "in good shape" despite pay TV consolidation and recent deal chatter.read more.....»»

Category: topSource: hollywoodreporterMar 6th, 2017

Viacom Wraps Purchase of U.K.’s Channel 5, Commissions Joint Projects

LONDON — Viacom Intl. Media Networks has wrapped its £450 million ($726 million) acquisition of U.K. free-to-air network Channel 5. Viacom also unveiled the first joint commissions between Channel 5 and Viacom’s U.K. pay TV channels. The deal wit.....»»

Category: topSource: varietySep 10th, 2014

Redstone Family Prevails in Fight for Viacom, Philippe Dauman to Exit

The chief executive has officially been stripped of his duties, ending a months-long legal battle with founder Sumner Redstone for control of the media giant. Longtime exec Tom Dooley takes over on an interim basis. read more.....»»

Category: topSource: hollywoodreporterAug 22nd, 2016