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Media Industry News Headlines

Sumner Redstone removes Viacom CEO and board member from trust

Media mogul Sumner Redstone has removed Viacom CEO Philippe Dauman and Viacom board member George Abrams from the seven-person trust that will determine the fate of both Viacom and CBS in the event of his incapacitation or death, two people familiar with the situation told Reuters Friday.

Sumner Redstone has power to remove Viacom CEO from his trust

Sumner Redstone has the power to remove Viacom Inc Chief Executive Philippe Dauman, but not his daughter Shari, from the trust that will control his $40 billion media empire after his incapacitation or death, according to two sources familiar with the matter.

Comcast to air over 6,000 hours of Olympics 2016 content

Comcast Corp's NBCUniversal unit will air live over 6,000 hours of competition on TVs and mobile devices from the Rio Olympic Games and offer viewers up-to-the-minute technology to search and personalize content, Chief Executive Officer Brian Roberts said on Monday.

California approves Charter-TWC deal

Charter Communications Inc said on Thursday its proposal to buy Time Warner Cable Inc was approved by the California Public Utilities Commission, overcoming the last hurdle to complete the deal.