National Amusements

Chief Executive Out At Paramount Pictures

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Viacom announced the departure of the top executive at Paramount Pictures, which has struggled for profit and was at the heart of a recent corporate power battle. Brad Grey will give up his role as chief executive at Paramount, remaining for a time as Viacom searches for someone to take his place, according to a … Read more

National Amusements Pulls CBS, Viacom Merger Proposal

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Sumner Redstone’s privately-held National Amusements on Monday withdrew its merger proposal for CBS (CBS. N) and Viacom (VIAB.O), according to three sources familiar with the situation who wished to remain anonymous. Shares of Viacom tumbled 6.8 percent in early New York Stock Exchange trading to $36. CBS shares were down 3.6 percent at $60.33. A … Read more