COMPANY TOWN

COMPANY TOWN

MTV, Comedy Central chief Doug Herzog is exiting Viacom

Viacom Inc.’s management shake-up continued Wednesday with another senior executive — Doug Herzog, president of the Music and Entertainment Group — announcing his departure. Herzog was part of the executive team at MTV during its early years, and helped usher in the reality TV movement with such shows...

  • Sumner Redstone ex-girlfriend Sydney Holland seeks half interest in $20-million mansion

    Sumner Redstone ex-girlfriend Sydney Holland seeks half interest in $20-million mansion

    Sumner Redstone’s girlfriend troubles continued to play out in court. Former lover Sydney Holland alleged in a lawsuit Monday that Redstone tossed her out of his home and cut her out of his will after she fulfilled her commitment to love and care for the 93-year-old billionaire.  In a breach of...

  • Redstones scrap proposed CBS-Viacom merger, unnerving investors

    Redstones scrap proposed CBS-Viacom merger, unnerving investors

    After flirting with the prospect of reuniting Viacom Inc. and CBS Corp., Shari Redstone on Monday abruptly reversed course, saying the two media firms were strong enough to stand on their own. Viacom shareholders were unnerved by the news, the latest surprise at a company that has been roiled by...

  • Breitbart News prompts more advertisers, including BMW and T-Mobile parent, to yank ads

    Breitbart News prompts more advertisers, including BMW and T-Mobile parent, to yank ads

    The Breitbart News Network has long prided itself on running inflammatory articles designed to trigger sensitive liberals. But since the election of Donald Trump, the conservative media company has also managed to trigger some of its advertisers, which have yanked their ads from the irreverent...

  • Roman Polanski extradition request rejected by Poland's top court

    Roman Polanski extradition request rejected by Poland's top court

    Director Roman Polanski scored a key legal victory in Poland on Tuesday when the country’s top court rejected an extradition request from the U.S. stemming from the filmmaker’s 1977 Los Angeles case in which he pleaded guilty to having sex with a minor. The Polish Supreme Court in Warsaw ruled...

  • Can R-rated 'Office Christmas Party' unseat Disney's 'Moana' at the box office?

    Can R-rated 'Office Christmas Party' unseat Disney's 'Moana' at the box office?

    Youth-oriented fantasies like “Moana,” “Fantastic Beasts and Where to Find Them" and “Doctor Strange” have dominated the box office the last few weeks, but now there’s a chance for misbehaving adults to climb the charts.  “Office Christmas Party,” a raunchy R-rated comedy from Paramount Pictures...

  • New Alibaba Pictures CEO warns of 'drastic changes' in China's film industry

    New Alibaba Pictures CEO warns of 'drastic changes' in China's film industry

    Alibaba Pictures, the film and TV production arm of Jack Ma’s e-commerce giant Alibaba Group, has named a new chief executive to grow the upstart entertainment business and contend with what he called “drastic changes” in the Chinese film industry.  Technology entrepreneur and Alibaba Pictures’...

  • Japanese animated fantasy film 'Your Name' dominates Chinese theaters

    Japanese animated fantasy film 'Your Name' dominates Chinese theaters

    A Japanese film about inhabiting other bodies far outstripped competitors in Chinese theaters last week, with American fantasies trailing behind. The animated fantasy “Your Name,” roped in $41.6 million in ticket sales in its first three days, according to film industry consulting firm Artisan...

  • Netflix spars with 21st Century Fox over allegations it is poaching executives

    Netflix spars with 21st Century Fox over allegations it is poaching executives

    Netflix Inc. helped make binge-watching a national pastime with its tens of millions of subscribers eagerly gobbling up their favorite shows. But now the streaming giant is facing accusations of a different kind of binging — the poaching of executives from the competition. The company’s recent...

  • CBS' Moonves and Viacom's Bakish press ahead independently as merger gets further study

    CBS' Moonves and Viacom's Bakish press ahead independently as merger gets further study

    Wall Street may be banking on an eventual CBS-Viacom merger, but don’t count on it in 2016. There were no signs of an imminent deal based on the comments by the top executives at their presentations to the UBS Global Media and Communication Conference held Monday. Neither CBS Corp. Chairman Leslie...

  • Viacom deploys its CFO to L.A. to fix Paramount's finances

    Viacom deploys its CFO to L.A. to fix Paramount's finances

    Viacom Chief Financial Officer Wade Davis is spending considerable time in Los Angeles to improve the performance of struggling Hollywood movie studio Paramount Pictures, after two troubled years at the box office. Davis is spending “about half of his time” at Paramount in Los Angeles, Viacom’s...

  • The rise of sports TV costs and why your cable bill keeps going up

    The rise of sports TV costs and why your cable bill keeps going up

    Last year, Americans collectively spent 31 billion hours watching sports on TV —  a 40% increase from a decade ago.  They watched football, baseball, basketball, hockey, horse racing, NASCAR, rowing, rugby, soccer and volleyball — even Little League championships and poker games. “Live sports is...

  • TV news executives are not seeing a bidding war for Fox News star Megyn Kelly

    TV news executives are not seeing a bidding war for Fox News star Megyn Kelly

    Megyn Kelly’s bestselling memoir is called “Settle for More,” but the star anchor may have to settle for less money if she decides to leave the Fox News Channel. Kelly is said to have not made up her mind about staying with Fox News beyond the end of her contract in July, even with an offer of...

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