In a move that further undermines Viacom CEO Philippe Dauman, the company's controlling shareholder said Monday it amended Viacom's bylaws to require unanimous board approval for any full or partial sale of movie studio Paramount Pictures.
Viacom's embattled chief executive sued Monday to be restored as a director and trustee to entities that control Viacom Inc. and CBS Corp. after a weekend move by media mogul Sumner Redstone stripped him of the positions.
The battle over the fortune of ailing media mogul Sumner Redstone shifted to a new front Monday after a judge threw out the case over his medical care and both sides targeted each other with new $100 million-plus lawsuits.
Bruce, very much the profit here: This was back in 1990…back when you had fewer channels, but was a harbinger of things to come…with more “choices” on the way. Bullcrap! More “choices”…less choice…and paying more and mo…