The stories coming out of the CBS board are pretty eye-opening.
Posted by
Mop (aka rburriel)
Sep 15 '18, 09:15
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Six board members resigned, including one Redstone supporter, and were replaced by six other “independent” directors, although Redstone approved them all. The “no merger talks with Viacom for 2 years” is a strange concession but it doesn’t preclude merger talks with *others*. In essence, in an attempt to avoid merging with Viacom, CBS may end up getting gobbled up by another conglomerate. It’s going to be an interesting couple of years.
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