Battle for Black Rock Heats Up

摘要

The article reports that the board of directors of media company CBS Corp. has voted to issue a special dividend in May 2018 that will effectively reduce National Amusements Inc. (NAI) voting power from top shareholder Shari Redstone. The vote, reportedly is to prevent NIA's voting dominance as it maneuvers for control of CBS and its merger with Viacom. Media analyst Todd Juenger commented that there is zero chance for a CBS-Viacom merger.