Latest in Shari Redstone

Joe Ianniello might be the new chairman and CEO of CBS as part of the new ViacomCBS, but the longtime executive has ceded some Showtime territory to big boss Bob Bakish as Viacom and the home of Blue Bloods hooked up again after a 13-year break. The move leaves David Nevins now answering to two kings, at least for the…

Ending years of fitful discussions that played out against a backdrop of operatic corporate drama and media industry consolidation, CBS and Viacom have finally agreed to merge. The deal reunites the companies, pooling assets such as Paramount Pictures, CBS, Showtime and MTV in a new entity to be called ViacomCBS Inc.…

CBS and Viacom have agreed to a price for their long-awaited merger and plan to formalize the deal with an announcement after the close of trading today, sources tell Deadline. The "exchange ratio" — how many shares of each company will be traded in the all-stock translation — had been a major consideration in…

The third set of merger talks between CBS and Viacom is expected to ramp up as June winds on, and CBS board members are said to have met Friday to begin exploring some of the issues involved in reuniting the companies. The two companies certainly are familiar with each other, having been under the same corporate roof…

EXCLUSIVE: A permanent replacement for Les Moonves may have to wait until CBS and Viacom become one company again. The quest to find a full-time CEO has lost some of its intensity over the holidays as a consensus is emerging among CBS board members and power players to take a renewed look into melding the media outlet…

With just days to go before everyone went to trial, Sunmer Redstone and Manuela Herzer have finally laid down their legal arms. In a January 4 dated agreement announced today just before a scheduled hearing in downtown Los Angeles, representatives for the 95-year old media mogul and his former long-time companion now…

UPDATED with stock movement: Les Moonves, the once-powerful former CEO of CBS, will not be getting a single dime of the $120 million in severance he expected after stepping down under allegations of misconduct this fall, the company’s board has decided today. “The Board of Directors of CBS has completed its…

Looks like the once-fiercely independent Sumner Redstone is going to be under the guardianship of the same court-appointed lawyer who ran Britney Spears' affairs for years, a Los Angeles Superior Court judge ordered today in a dramatic hearing. Judge David Cowan told a DTLA courtroom this morning that he is granting…

As Joe Ianniello prepares to make his inaugural appearance as CBS Corp’s interim CEO tomorrow on the company’s quarterly earnings call, the search for a permanent leader has intensified, both internally and externally. While the former longtime COO is seen as a viable contender, the media company’s newly constituted…

After Sunday’s announcement that Les Moonves was out as CBS CEO amid claims of sexual harassment and the months-long legal battles between the company and the Redstone family-dominated National Amusements would end, the courtroom drama is now officially over. “WHEREAS, the Parties have reached a settlement to resolve…

Over a month after then-CEO Les Moonves stepped away from the Anita Hill-led Commission on Eliminating Sexual Harassment and Advancing Equality in the Workplace, there is still no CBS presence at the highest level of the Hollywood organization – and it doesn't look like there will be for a while. A day after new allega…

CBS shares are down almost 4% today as investors fully digest the news about Les Moonves departing the company under a cloud. Moonves and CBS announced his exit yesterday after allegations of sexual misconduct by more than a dozen women. Shares in CBS have dropped about 3.5% to $54.15, on average trading volume…