|Day Low / High||54.72 / 55.28|
|52 Wk Low / High||38.51 / 62.51|
Even as Viacom's board prepares for a fight to retain its power, its been forced to acknowledge the company's lousy performance
Investors may view replacing CEO as a positive.
Insurgent Eric Jackson said the latest reshuffling in Redstone's trust suggests that the next step may be the removal of a CEO and a push to recombine with CBS
Legal woes continue for Redstone meanwhile Bank of America not on the hook for Countrywide's role in the financial crisis.
Thirty years after launching the media-altering Fox TV network, Barry Diller considers a video offering.
Viacom CEO Philippe Dauman filed a legal complain to remain a part of the Redstone Trust after the aging media mogul was said to remove him on Friday.
Viacom's board voted to stop paying Sumner Redstone, its chairman emeritus, a sign that its exerting more authority over the media company's direction.
The Viacom nonexecutive vice chair's position in her father's trust may be more secure than that of Viacom executive chairman and CEO Philippe Dauman, with whom she has sparred.