Viacom Vice-Chair Shari Redstone removes support for potential merger with CBS
Shares of Viacom Inc. fell more than 5% on Monday after CNBC reported Vice-Chair of the board, Shari Redstone, was withdrawing support to merge the media and entertainment company with CBS Corp. . The two companies split 11 years ago. Shares of CBS were down a little more than 1%. Viacom's film and TV businesses have struggled as of late, as Redstone and former Chief Executive Philippe Dauman led a public battle for control of the company. Redstone won out and had planned to combine Viacom and CBS... Читать дальше...