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Redstone's firm sells $233 million worth of stock in Viacom, CBS

Los Angeles Times - Found 1 hour ago
Billionaire Sumner Redstone's National Amusements Inc. said Monday that it had sold $233 million worth of stock in Viacom Inc. and CBS Corp.
Mixed Reception for CBS Profit Warning - Smart Money
UPDATE: Analysts Take Mixed View Of CBS After Warning - Morningstar.com
After Initial Slump, CBS Shares Jump 8% - Radio and Records
Big guys get margin orders, too - Hollywood Reporter
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Philippe Dauman defends Viacom

Variety - Found 10 hours ago
Viacom CEO-prexy Philippe Dauman delivered an upbeat assessment of his company's prospects at Mipcom on Monday.Sumner Redstone's empire has been in
Redstone's vehicle wraps CBS, Viacom stake sale - Boston Globe
NAI completes sale of CBS, Viacom stock - Los Angeles Business
Sumner Redstones vehicle wraps CBS, Viacom stake sale - Boston Herald
National Amusements Concludes Sales of Viacom and CBS Shares - TradingMarkets
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Forced sale for Sumner Redstone

Variety - Found Oct. 12, 2008
By the end of the worst week in the stock market's history, Sumner Redstone was forced to disclose plans to sell $400 million worth of nonvoting

Margin calls prompt sales, and drive shares even lower

International Herald Tribune - Found Oct. 12, 2008
And Sumner Redstone, the chairman of Viacom and CBS, disclosed that he would sell $400 million in shares in those companies to pay down a loan.

Slowing Ad Market Slams Sumner Redstone's Empire

Advertising Age - Found Oct. 10, 2008
... both cable and broadcast TV. Former corporate siblings CBS and Viacom, both controlled by Chairman Sumner Redstone, warned investors they're...
Media stocks fall on Viacom warning - CTV.ca
VIACOM SHARES FALL 11.7 PCT TO $17.73 AFTER COMPANY UPDATES OUTLOOK - Forbes.com
BRIEF-Viacom sees Q3 adjusted shr about $0.53 to $0.55 - Forbes.com
Viacom warns of third-quarter profit shortfall - Forbes.com
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Hollywood Reporter

Sumner Redstone forced to sell Viacom, CBS shares

Los Angeles Times - Found Oct. 11, 2008
Billionaire Sumner Redstone got caught in the credit crunch Friday.
Redstone selling Viacom, CBS Corp. stock - TMC Net
SUMNER TAKES A FALL - New York Post
Redstone cuts stake in Viacom, CBS by one-fifth - Boston Globe
National Amusements unit to sell off $400M in Viacom, CBS shares to ... - Biz Journals
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New York Post

WRAPUP 1-Viacom, CBS warn ad market sinking results

Forbes.com - Found Oct. 11, 2008
20 percent in their worse single-day fall since they split into separate companies in late 2005. Both are still controlled by Sumner Redstone.
Viacom, CBS cut profit forecasts - Globe and Mail
Viacom, CBS cut profit forecasts - Globe Investor
Viacom Adjusts Earnings Downward - Broadcasting & Cable
Viacom Updates Full Year 2008 Business Outlook - TickerTech.com
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UPDATE 2-Redstone company to sell 20 pct of CBS, Viacom stake

Reuters - Found Oct. 10, 2008
... price) LOS ANGELES, Oct 10 (Reuters) - National Amusements Inc, a privately held company controlled by Sumner Redstone, will sell more than 20...
Redstone's vehicle to sell some Viacom, CBS shares - Boston Globe
National Amusements to Sell Portion of Non-Voting Viacom and CBS ... - Globe Investor
National Amusements to Sell Portion of Non-Voting Viacom and CBS ... - Forbes.com
National Amusements to Sell Portion of Non-Voting Viacom and CBS ... - PR inside
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Boston Globe

The Sky Falls on Wall Street - BusinessWeek

Business Week - Found Oct. 10, 2008
... the G-7 industrialized countries met in Washington to discuss . The credit squeeze caught billionaire Sumner Redstone, who said he would sell...

Financial crisis weighs on Sumner Redstone's media empire

MarketWatch - Found Oct. 10, 2008
Sumner Redstone, the 85-year-old titan of the media industry, got caught in a credit squeeze during the global financial crisis, and it's going to

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