CBS is suing its controlling shareholder as part of its long-running attempt to avoid a combination with Viacom.
Both companies are controlled by National Amusements. That's the holding company run by Shari Redstone, the daughter of media mogul Sumner Redstone. Though National Amusements abandoned a proposal for CBS and Viacom to combine in 2016, CBS fears it may come up again.
Now, CBS is suing to block any interference by National Amusements ahead of a CBS board vote on a dividend that would dilute National Amusements' voting interest from 79 percent to 17 percent. CBS says that would make CBS independent and allow it to "more fully evaluate strategic alternatives."
National Amusements says it is "outraged" and has no intention of forcing a deal not supported by both companies.
More than 67 million people watched Donald Trump and Kamala Harris debate. That’s way up from June
An estimated 67.1 million people watched the presidential debate between Kamala Harris and Donald Trump, a sharp increase from the June debate that eventually led to President Joe Biden dropping out of the race.
The debate was run by ABC News but shown on 17 different networks, the Nielsen company said. The Trump-Biden debate in June was seen by 51.3 million people.
Tuesday's count was short of the record viewership for a presidential debate, when 84 million people saw Trump's and Hillary Clinton's first faceoff in 2016. The first debate between Biden and Trump in 2020 reached 73.1 million people.
With Harris widely perceived to have outperformed Trump on Tuesday night, the former president and his supporters are sharply criticizing ABC moderators David Muir and Linsey Davis. The journalists waded into on-the-fly fact checks during the debate, correcting four statements by Trump.
No other debates are currently scheduled between the two presidential candidates, although there's been some talk about it and Fox News Channel has publicly offered alternatives. CBS will host a vice presidential debate between Tim Walz and JD Vance.
Tuesday's debate stakes were high to begin with, not only because of the impending election itself but because the last presidential debate uncorked a series of events that ended several weeks later with Biden's withdrawal from the race after his performance was widely panned.
Opinions on how ABC handled the latest debate Tuesday were, in a large sense, a Rorschach test on how supporters of both sides felt about how it went. MSNBC commentator Chris Hayes sent a message on X that the ABC moderators were doing an "excellent" job — only to be answered by conservative commentator Ben Shapiro, who said,... Read More