News & Resources

Bloomberg article "The Viacom Struggle Explained" features Ned Notis-McConarty, Joe Bierwirth and Ryan McManus

Bloomberg.com

5/26/2016

"It’s one of the stranger twists in U.S. corporate history: On Friday, Sumner Redstone kicked Viacom Inc. Chief Executive Officer Philippe Dauman off both the board of his family holding company, which manages his 80 percent stake in the entertainment producer as well as CBS Corp., and the trust that will run the empire when the 92-year-old no longer can. The following Monday, May 23, both men sued: Dauman asked a Massachusetts court to void the move, while Redstone turned to a California court to endorse it. It’s an ugly fight, with Redstone’s once-estranged daughter Shari in the middle, and it’s a mess legally."

To read the full story, please click here: http://www.bloomberg.com/news/articles/2016-05-26/what-s-next-in-the-power-struggle-over-redstone-empire-q-a

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