Viacom watchers have more questions than answers approximately the companys fate following final night’s board vote for a deal that reaffirms the power of controlling shareholder Sumner Redstone — and his daughter, Shari.
The stock rose 1.5% nowadays as everyone waited for lawyers to nail down the fine points. But the main terms beget it an important turning point for the country’s most troubled Big Media company.
Philippe Dauman agreed to drop lawsuits seeking to retain his central…
Source: deadline.com