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.
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The icon for the TikTok video sharing app is seen on a smartphone in Marple Township, Pa., Feb. 28, 2023. (AP Photo/Matt Slocum, File)
The European Union on Friday accused TikTok of breaching the bloc's digital rules with "addictive design" features that lead to compulsive use by children, in preliminary charges that strike at the heart of the popular video sharing app's operating model.
EU regulators said their two-year investigation found that TikTok hasn't done enough to assess how features such as autoplay and infinite scroll could harm the physical and mental health of users, including minors and "vulnerable adults."
The European Commission said it believes TikTok should change the "basic design" of its service. The commission is the EU's executive arm and enforcer of the 27-nation bloc's Digital Services Act, a sweeping rulebook that requires social media companies to clean up their platforms and protect users, under threat of hefty fines.
TikTok denied the accusations.
"The Commission's preliminary findings present a categorically false and entirely meritless depiction of our platform, and we will take whatever steps are necessary to challenge these findings through every means available to us," the company said in a statement.
TikTok's features including infinite scrolling, autoplay, push notifications, and highly personalized recommender systems "lead to the compulsive use of the app, especially for our kids, and this poses major risks to their mental health and wellbeing," Commission spokesman Thomas Regnier said at a press briefing in Brussels.
"The measures that TikTok has in place are simply not enough," he said.
The company now has a chance to defend itself and reply to the commission's findings. Regnier said "if they don't do this properly," Brussels could issue a so-called non-compliance decision and possible fine worth up to 6% of... Read More
