Exclusive: Redstone makes concessions on Viacom CEO in bid to clinch CBS deal – sources

(Reuters) – Shari Redstone, the media heiress whose family controls CBS Corp and Viacom Inc , has offered CBS CEO Leslie Moonves to drop her demands for Viacom CEO Bob Bakish to be his No. 2 following a merger, as long as Bakish sits on the combined company’s board, people familiar with the matter said on Friday.

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Source:: Reuters – Business News