“Shari Redstone, whose National Amusements controls CBS and Viacom, is likely to replace CBS CEO Les Moonves if a deal isn’t reached between the two companies as the media tie-up hits an impasse, sources familiar with the situation” told CNBC this morning.
Shari Redstone, 63, is the president of National Amusements and the daughter of Sumner Redstone, 94, the chairman of National Amusements.
The report, on the CNBC website, is written by David Faber, co-anchor of the network’s “Squawk on the Street,” and John Melloy, a senior editor at CNBC.com.
The story reports: “CBS is expected to make another offer soon, the sources said, but that new bid was expected to fall short on price. The amount of synergy expected by CBS is well below that of Viacom.
“The main obstacle to the rejoining of the network and owner of Nickelodeon and MTV is a personnel fight between Redstone and Moonves.”
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