Hints and tips:
...Viacom and CBS were separated in 2005 by Sumner Redstone, Ms Redstone’s father....
...As part of the settlement, several directors will step down from the CBS board, among them supporters of Mr Moonves, such as Doug Morris, the former head of Sony Music; Arnold Kopelson, a film producer;...
...Viacom, which is controlled by the billionaire Sumner Redstone and his daughter, Shari, recently explored a merger with CBS, its sister company, although the talks did not yield a deal....
...The change in strategy comes two months after Sumner Redstone and his daughter Shari, Viacom’s controlling shareholders, scrapped plans for a merger with CBS, the other big US media company they control....
...According to Doug Porter, chief economist at BMO Capital Markets in Toronto quoted in the WSJ, Carney is a man who likes to ask “big questions” publicly. So maybe we shouldn’t be too suprised....
...Sumner Redstone, chairman of CBS and Viacom, is known for generously rewarding his executives. Philippe Dauman, Viacom chief executive, earned $84.4m in 2010, and $43m last year....
...Sumner Redstone at Viacom has bought one internet company, Neopets, a website for children offering virtual pets, and has tried to buy at least two that News Corp recently bought....
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