Tuesday, November 20, 2018
  • Thursday, Sep. 6, 2018
Report: CBS, National Amusements in talks to settle case
In this March 29, 2017, file photo, Shari Redstone attends the premiere of "Ghost in the Shell" at AMC Loews Lincoln Square in New York. (Photo by Evan Agostini/Invision/AP, File)
  • NEW YORK (AP)
  • --

The Wall Street Journal is reporting that CBS and its parent company National Amusements are in talks to settle pending litigation over who controls the broadcaster.

CBS and National Amusements, run by media mogul Shari Redstone, have been duking it out in court since May when CBS attempted to issue a special dividend that would strip National Amusements of its controlling stake in the media company.

According to the Journal, the settlement talks include CBS dropping the dividend. In exchange, National Amusements would agree not to push for a merger between CBS and Viacom, which it also controls. The trial had been set for early October.

The report cited anonymous sources familiar with the matter. National Amusements and CBS both declined to comment.

MySHOOT Profiles


Director

Editor

Director
Cinematographer, Director
Cinematographer, Director

MySHOOT Company Profiles