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PARIS - Sumner Redstone, the owner of CBS Corp. and Viacom Inc., sold his 87 percent stake in video game maker Midway Games Inc. for $100,000 to help restructure debts that threaten his family business.

Sumner Redstone, the owner of CBS and Viacom, sold his 87 percent stake in video-game maker Midway Games for $100,000 to help restructure debts that threaten his family business.

Market turmoil and concerns over long-term viability of ownership prompted a sell-off in Viacom and CBS shares yesterday despite a move by Chairman Sumner Redstone designed to relieve pressure on...

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Mr. Drake transformed radio programming with a syndicated format that delivered more music, fewer commercials and high-energy "Boss Jocks."

DENVER-Dec. 2, 2008-Sorrento Networks, a global provider of metro optical access solutions, is equipping its customers with even more advanced WDM management capabilities with the version 1.5 release ... [WebWire - Tuesday, December 02, 2008]

Sumner Redstone, the media mogul who famously coined the phrase "content is king", could well achieve another kind of fame very soon as the first major media casualty of the recession. His vast empire - which includes CBS, Viacom, the MTV networks, P...

Koala Brothers land in Italy UK children's rights owner and producer Spellbound Entertainment has signed two new broadcast deals in Italy for preschool series The Koala Brothers. State broadcaster Rai Due has bought the first ...

NEW YORK: Three thousand miles from where Happy, Dopey and Doc line the walls of the Walt Disney Co.'s Burbank studios, the animator Bill Plympton keeps an office in one of those south-of-midtown Manhattan buildings full of anonymous-looki...

Have you heard of the French Dachshund who hosts a cooking show from his doghouse? He wants kids to eat smarter.