CBS settles lawsuit over company control; Moonves to resign – sources

CBS Corp (CBS.N) has reached deals to settle litigation over the future of the company with its controlling shareholder Shari Redstone and National Amusements Inc and an exit agreement with CEO Leslie Moonves, two sources familiar with the discussions said on Sunday. The settlement and Moonves’ resignation could be announced as early as before the markets open on Monday, according to these sources who asked not to be identified because the plans have not been made public. The latest developments end years of uncertainty over the future of CBS, which was headed to court with National Amusements on …read more

Source:: Yahoo Finance


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