Viacom Battle Sparks Hope for Change at Media Giant

Reuters: The legal battle over control of Sumner Redstone’s $40 billion media empire has investors hopeful that change will come to underperforming Viacom. The outcome of the court cases, and who ends up with control over the trust, and over the National Amusements board, will have wide-ranging implications for Viacom and CBS and could result in changes at the top of both companies, possibly through mergers and acquisitions. “This whole company should be a case study of how to destroy shareholder value.”