CBS, Viacom stocks rally on rumors of possible merger talks

CBS and Viacom shares jumped Friday as rumors swirled that the formerly joined media giants had re-entered merger talks. Both companies are controlled by the Redstone family — which split them in two in 2006 to maximize their value. While CBS, led by Chief Executive Les Moonves, has prospered, Viacom

Sumner Redstone’s ex won’t be getting his NYC penthouse

First ailing media mogul Sumner Redstone kicked his ex-girlfriend out of his Beverly Hills home, now a Manhattan judge has booted her from his New York penthouse in the Hotel Carlyle. follow the story Sumner Redstone's ex won't be getting his NYC penthouse Sumner Redstone's ex uses anti-mob laws to fight

Viacom stock tumbles on slumping sales forecast

Another quarterly check-up, another case of stock-tumbling blues for Viacom Chief Executive Bob Bakish. Shares of the media company were off more than 13 percent in early Friday trading after the New York company reported the previous afternoon that it foresees lower sales to pay-TV and streaming companies for the rest