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"The mental competency of media mogul Sumner Redstone is at the center of a battle to be heard in a Massachusetts courtroom as Viacom's embattled chief executive seeks to be restored as a director and trustee to entities that control Viacom Inc. and CBS Corp.", www.foxbusiness.com
"Sumner Redstone on Monday, in the most openly hostile move against Viacom Chief Executive Philippe Dauman, all but eliminated the executive’s ability to sell a piece of the media giant’s Paramount Pictures. Redstone’s National Amusements Inc. theater chain, which controls 80 percent of the voting power at Viacom, changed the bylaws of the media company to require unanimous board approval for any such sale. The change is effective immediately, it said. Dauman announced in February he would seek to sell a minority stake in the embattled Hollywood studio — whose “Teenage Mutant Ninja Turtles” movie sequel opened last weekend to weak sales. Redstone, through his lawyers, had complained that Dauman didn’t clear the sale with him — and that he was opposed to the move. In announcing the bylaws change, NAI said it wasn’t opposed to a deal “that would unlock value at Paramount” but it believed such a move needed", nypost.com
"Sumner Redstone’s National Amusements Inc. took steps to keep Viacom Inc. from selling part of Paramount Pictures, the latest escalation in a widening battle for control of the media company being waged by management and its biggest investor.", www.bloomberg.com
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