Viacom, CBS: Deal Reached in Sumner Redstone Lawsuit

Reuters: Lawyers acting for Sumner Redstone have reached a preliminary settlement with an ex-girlfriend over a lawsuit that challenged the 92-year-old media mogul’s mental competency. The settlement avoids a trial and verdict that would have provided investors some clarity about Redstone’s health and the future of the two media companies he controls, Viacom and CBS, after he dies.