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Viacom

There were many highs and lows during the ninth season of “RuPaul’s Drag Race,” but the Emmy contender ended with a finale that will remind anyone who watches reality competition TV who the true lip sync champion is.  Two of the producers of the World of Wonder production, Tom Campbell and Randy Barbato (Fenton Bailey and RuPaul are two of the others), sat down a few days after taping the finale and reunion episodes to join the podcast to decompress the season. Continue reading ‘RuPaul’s Drag Race’ Producers On The Reunion And The Stunning Season Finale [Podcast] at The Playlist.

Sumner Redstone is accustomed to lavishly overpaying executives who work for him. But board members at CBS and Viacom may justify their compensation if they can figure out terms to unite the companies that will satisfy the mogul and his daughter, Shari — who control 80% of the votes — as well as independent shareholders. Investors have widely disparate ideas about how much the companies are worth. That suggests any deal terms will displease some owners who might argue…

Viacom board members recently picked by Sumner and Shari Redstone to join the governing body dominate the Special Committee of Independent Directors that will look into a potential merger with CBS, the company says. Eversource Energy Chairman Thomas May and former Sony Entertainment President Nicole Seligman will be co-chairs. Others exploring the matter include tech investor Kenneth Lerer, former Discovery President Judith McHale, Avis Budget Group Executive Chairman…

Two years in, the acquisition of Channel 5 has “massively exceeded our expectations,” says a key executive, with the business on track for two back-to-back fiscal-year profits.read more

Viacom’s about to make good on its promise to borrow cash to help pay off its existing debt — just as its owner, National Amusements, is urging it to consider a deal to merge with CBS. The cable and film company says it will sell $1.3 billion in debt. It will consist of $400 million in senior notes due in 2022 and paying 2.25% in interest, as well as $900 million from senior notes due in 2026 and paying 3.45% in interest. The sale is expected to close on October 4. Viacom…

Firmly in charge but without a clear plan, she must find a CEO (Katzenberg? Chernin?), earn Wall Street trust (“She’s flailing around like a fish”) or convince Leslie Moonves to fix everything.read more

The downgrade “reflects the continued weaker than anticipated rebound in the company’s operating performance,” the firm says.read more

With Tom Dooley out and speculation focused on several would-be leaders, Shari Redstone must decide whether to make the CEO job appealing to CBS’ vaunted leader.read more

The company is taking the write-down months before the big-budget film opens in cinemas.read more

The company is “entering an exciting time,” he writes. “We find ourselves at another very important and hopeful inflection point.”read more