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PostPosted: Mon May 14, 2018 2:05 pm 
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CBS sues Redstones firm over Viacom merger

CBS on Monday asked a court to block controlling shareholder Shari Redstone from interfering at a special meeting of its board called to consider a merger with Viacom.

The news of the lawsuit, filed to a Delaware court and also seeking to dilute the 79 percent voting rights in CBS held by Redstone's National Amusements, pushed the network's shares up nearly 1 percent and those in Viacom down 6 percent.

https://www.cnbc.com/2018/05/14/cbs-sue ... -deal.html


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PostPosted: Wed May 16, 2018 8:52 pm 
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Delaware Judge Hits Pause Button on CBS-National Amusements Dispute

A Delaware Chancery Court judge hit the pause button on the unfolding drama between CBS and National Amusements Inc., temporarily freezing the broadcaster’s request for a temporary restraining order to block its largest shareholder from ousting its board of directors, according to reports.

Judge Andre Bouchard promised that he would have a decision on the TRO before CBS’s board meeting, scheduled for tomorrow afternoon May 17).

https://www.broadcastingcable.com/news/ ... ts-dispute


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PostPosted: Thu May 17, 2018 4:59 pm 
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Judge Sides With Redstones In Round One of CBS Lawsuit

A Delaware judge has denied CBS Corp.’s bid for a temporary restraining order as part of a lawsuit the network filed against controlling owner National Amusements Inc. (NAI) and its owners, Sumner Redstone and his daughter Shari Redstone.

“We are pleased by the court’s decision to deny CBS and its special committee’s unprecedented motion to try to deprive a shareholder of its fundamental voting rights,” NAI said in a statement. “As we intend to demonstrate as the case proceeds, the actions of CBS and its special committee amount to a grievous breach of fiduciary duties and show no regard for the significant risk posed to CBS and its investors.”

http://www.adweek.com/tv-video/judge-si ... s-lawsuit/


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PostPosted: Sun May 20, 2018 1:48 pm 
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These media pissing contests would be funny if they weren't about who gets to consolidate all the media in the country and then use the resulting Soviet-style propaganda machine to become part of the power structure.

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We used to hang our traitors. Now we elect them to lead us.


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