clock menu more-arrow no yes

Silicon Valley should be playing close attention to the Redstone-Viacom mess | Recode Daily: June 17, 2016

It could happen to you, Mark Zuckerberg!

Frederick M. Brown/Getty Images

.Nonagenerian Viacom owner Sumner Redstone, who has trouble speaking and is allegedly suffering from some form of dementia, just removed five Viacom board members, including CEO Philippe Dauman. The board and Dauman believe that Redstone's previously estranged daughter Shari is manipulating Sumner. What makes this kind of corporate soap opera possible is Viacom's stock structure, which gives Redstone more power than his board. It's a setup similar to what Mark Zuckerberg, Larry Page and Sergey Brin have done at Facebook and Google.
[Emily Steel | The New York Times]

.T-Mobile is working on adding Facebook video to its Binge On partners (which include Netflix and HBO), whose apps don't count against users' data caps. Such a move would very likely piss off net neutrality advocates.
[Ina Fried | Recode]

.On the new Too Embarrassed to Ask podcast, The Verge's Lauren Goode and Dieter Bohn go through all of Apple's big announcements at the Worldwide Developers Conference earlier this week: Apple TV, the new macOS and, most significantly, what Apple plans to do with messaging.
[Eric Johnson | Recode]

.Microsoft wasn't the only one looking to snap up LinkedIn. The company's winning $26.2 billion bid beat out Salesforce, whose CEO Marc Benioff told Recode that he talked with Goldman Sachs about pursuing a deal.
[Kara Swisher | Recode]

.Donald Trump has reportedly discussed parlaying his presidential run into a "mini-media conglomerate," which Vanity Fair is dubbing "Trump News." A pivot to some sort of moneymaking venture would make sense for Trump, whose sky-high unfavorables and threadbare campaign operation suggest he doesn't have a great shot at beating Hillary Clinton.
[Sarah Ellison | Vanity Fair]

Net Neutrality
By Ina Fried
Tougher privacy rules have already been proposed, while some would like to see action taken against so-called zero rating, too.
Politics
By Dawn Chmielewski
The Silicon Valley VC compares Trump's business record to those of Michael Bloomberg and other billionaires.
Virtual Reality
By Mark Bergen
Vrse is now Within.
Media
By Peter Kafka
The streaming music service has hired Wall Street veteran Paul Vogel.
Augmented Reality
By Mark Bergen
"We have not yet completed the mission!"
Reeves Wiedeman went to Harvard's Class of '06 10-year reunion, because it was Mark Zuckerberg's reunion. Wiedeman details how hedge funders, math teachers and every other Type A privileged sort you can imagine sounds extremely insecure when it comes to Mark Zuckerberg.

This article originally appeared on Recode.net.

Sign up for the newsletter Sign up for The Weeds

Get our essential policy newsletter delivered Fridays.