In the Margins

Redstones move to oust Viacom CEO Dauman

June 17, 2016

By Los Angeles Times

Sumner Redstone and his daughter said they were replacing five members of Viacom Inc.’s governing board, including Viacom Chairman and CEO Philippe Dauman—a move aimed at putting them in uncontested control of the beleaguered media company. The new board members would include Buzzfeed Chairman Kenneth Lerer and former Sony Entertainment Inc. President Nicole Seligman, according to the Redstone family vehicle, National Amusements Inc., which holds controlling shares of Viacom. Read the original story from Los Angeles Times.

 

 

Most Read

Top of the Agenda - Regulatory
SEC finalizes fair valuation rule

The Securities and Exchange Commission on Thursday adopted a new rule on fund valuation practices, the first comprehensive update in 50 years. Rule 2a-5 will permit ...