Latest in Joseph Ianniello

Joseph Ianniello, the former acting CBS CEO, denied claims of unjust enrichment and other allegations in a shareholder lawsuit contesting the 2019 merger of Viacom and CBS. The suit in Delaware Chancery Court largely targets majority owner Shari Redstone for allegedly stacking the Viacom board with allies and jamming…

CBS stockholders can continue to pursue a lawsuit over the 2019 merger of Viacom and CBS, a Delaware judge has ruled. Shari Redstone, daughter of late media mogul Sumner Redstone, stands accused of pursuing an unfair merger that created ViacomCBS Inc. Reuters also reported the ruling has found it is reasonable to…

After two delays due to the legal and corporate tumult involving former CEO Les Moonves and controlling shareholder National Amusements, CBS has set December 11 as the new date for its annual shareholder meeting. Holders of CBS shares as of November 6 will be eligible to participate in the meeting. Any shareholder…

UPDATED with closing price. Shares in CBS, after two straight days of setbacks that cut their value by 11%, re-entered positive territory amid a broader market rally, rising nearly 3% to close at $52.67. And yet, even as investors seemed to calm their nerves about the sexual misconduct allegations facing CEO Leslie…

The next business day after seeing its shares zoom 9% on record quarterly earnings, CBS continues to check boxes, announcing a new multi-year carriage deal with Charter Communications, the No. 2 U.S. cable operator. Financial terms were not disclosed. Elements in the agreement include retransmission consent for…

CBS Corp. COO Joseph Ianniello forecast more investment in the company’s direct-to-consumer services, CBS All Access and Showtime, albeit not in the thin air of Netflix’s level of spending. “This is an arms race to get there,” he said in a keynote appearance at Deutsche Bank’s 26th annual Media, Telecom & Business…

CBS Corp has renewed deals for its chief operating officer Joseph Ianniello and its Senior EVP and chief legal officer Lawrence P. Tu. The new pacts were disclosed today in an SEC filing. The new deal for Ianiello, who was promoted to COO from CFO in June 2013 with a five-year deal, extends to June 30, 2022. It calls…

It  sure sounded like a direct-to-consumer online option is under consideration when CBS COO Joseph Ianniello spoke today to investors at Nomura’s Digital Media Conference in NYC.  Nothing in Showtime’s contracts with cable and satellite providers “restricts us from doing something direct to consumer,” he says. He…