Battle over Redstone’s media empire sparks hope for change

The outcome of the court cases, and who ends up with control over the trust, and over the National Amusements board, will have wide-ranging implications for Viacom and CBS shareholders and could result in changes at the top of both companies, possibly through mergers and acquisitions. Some investors are hopeful that change is imminent. Viacom shares rose 2.5 percent to $40.02 on Monday.

Source: Battle over Redstone’s media empire sparks hope for change | Reuters