Viacom CEO to Leave After Bitter Fight with Redstone, Will Get $72M: Sources

August 19, 2016 11:27 AM

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Viacom CEO to Leave After Bitter Fight with Redstone, Will Get $72M: Sources

Viacom and controlling shareholder Sumner Redstone have come to an agreement on terms of a settlement that would result in the departure of Chief Executive Philippe Dauman, two sources familiar with the situation told Reuters.

The settlement would end the battle for control over Redstone's $40 billion empire that includes Viacom and CBS, and which has been a source of shareholder angst and months of uncertainty.

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