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Exclusive: CBS weighs share options for post-Redstone era – sources
April 29, 2016 by creative · Leave a Comment
CBS Corp's executives are talking to investment bankers about how their CEO and executive chairman, Les Moonves, can gain more control over the broadcaster after Sumner Redstone dies, or if he is declared mentally incompetent, said two sources familiar with the situation. The New York-based company met with investment banks in recent months to discuss how it could buy CBS's voting shares from Redstone's National Amusements Inc, and collapse CBS's dual-class share structure, the sources told Reuters. CBS and Viacom Inc both …
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Exclusive: CBS weighs share options for post-Redstone era – sources