UPDATE: On Thursday, June 23, the judge overseeing the case about the Viacom directors being replaced by Sumner Redstone has ruled they can remain for now, according to CNBC. It seems that Sumner Redstone is making good on his threat to rid the current members of Viacom’s (NYSE: VIAB) board of directors. Now let’s see Continue reading →
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Viacom Squabbling Troublesome for Investors
There has been quite a bit of drama playing out in the entertainment space lately as Viacom (NYSE: VIAB) is enthralled in an unprecedented fight over who will be in charge of the $17 billion company. The power struggle antics over who will control the company are serving to aggravate shareholders who were already concerned Continue reading →
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