Les Moonves and Sumner Redstone. REUTERS
CBS announced today that ailing and aging media mogul Sumner M. Redstone, who is 92, has resigned as the company's executive chairman. Leslie Moonves, CEO, has now taken the role of chairman.
Redstone is in poor physical health, and the subject of a recent lawsuit that claimed he was no longer mentally fit to carry out his duties. After stepping down, he was appointed chairman emeritus. His daughter, Shari Redstone, continues to serve as vice chairman.
Sumner Redstone is also executive chairman of Viacom, and there was speculation Wednesday that his role there would change, but Viacom did not respond to a request for comment. Viacom did, however, issue a press release announcing that its board of directors will meet Thursday.
The video conferencing app Zoom has become suddenly ubiquitous over the past few weeks, as the coronavirus shutdown closes schools, businesses, and keeps us all indoors. Shares of Zoom dropped 9% on Monday, adding to their sharp declines in recent days, as security and privacy vulnerabilities are reported. There is also new competition from other […]
Amazon will delay its annual marketing and money-making Prime Day due to the coronavirus pandemic.
Canada’s prime minister Justin Trudeau says the country has signed an agreement with Amazon.com for the distribution of critical emergency medical supplies such as masks, face shields, gowns, ventilators, and test kits in the COVID-19 crisis.
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Whether it was Bach or Chopin, Ray Charles or Jerry Lee Lewis, Stevie Wonder, Elton John, Alicia Keys or Norah Jones, there was someone whose mastery on the piano made you think, wow, I wish I knew how to do that. It’s a singular, almost timeless skill — and if you love music, there’s no […]
With everything happening now, even the most jaded among us are bound to feel some pangs of anxiety now and again. It’s a crazy time. When we crawl into bed each night, it’s common for our brains to go into overdrive and start thinking — and worrying — about what’s going on and what’s to […]