Battle over Sumner Redstone's media empire takes another turn

May 22, 2016 12:18 AM

28 0

The battle over the fortune of ailing media mogul Sumner Redstone has taken another turn. Lawyers for Redstone are seeking to remove two members of the board of the trust that will eventually control Redstone's media empire, which includes CBS Corp. and Viacom Inc.

Viacom Chief Executive Philippe Dauman and George Abrams, a member of Viacom's board, were informed that they had been removed from the trust that will control Redstone's companies after he dies or is declared incompetent.

Also read: Activist Carl Icahn gains control of board in proxy fight at SandRidge Energy

Read more

To category page