No current moves on Viacom-CBS merger


There's new CBS chairman and CEO, les Moonves is leaving NPR's. Steve inskeep. Talks to the New Yorker magazine. Reporter this morning about the newest allegations against moma's CBS says there's no severance package worked out from this pending the results of the investigation, and for CBS the departure has bearing on an ownership battle for the corporate structure of CBS. Marketplace. Nancy Marshall genzer who was Moonves fighting with on the CBS board. He was in a battle with Sherry Redstone over a possible sale of CBS Redstone heads a company called national amusements. She's the daughter of Sumner Redstone Sumner Redstone had controlled CBS. And Viacom they were under one roof. But he split them up Sherri Redstone wanted to reunite them. But Moonves thought that was a bad idea, and why was Moonves against that? Well, Viacom is struggling it owns some cable TV channels that aren't doing well comedy central and MTV moon. Moonves didn't want Viacom to drag down CBS, which has been doing been doing. Well, CBS actually sued the red stones and national amusements national amusements filed a countersuit and on that score. What happens now both sides have dropped their lawsuits. The CBS board has been we shaped with six members stepping down and being quickly replaced share Sherry Redstone in national amusements have promised to wait at least two years before proposing. Merger between CBS and

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