CBS plans to challenge Redstone over bylaws change

CBS plans to challenge Redstone over bylaws change

Fireworks between CBS and its controlling shareholder, National Amusements, erupted anew on Tuesday in a filing that challenged an amendment to the Tiffany Network’s bylaws. CBS said in its filing with the Securities and Exchange Commission that the amendment imposed by NAI…

CBS board weakens Redstone’s hold as feud intensifies

CBS board weakens Redstone’s hold as feud intensifies

Shari Redstone showed up at the CBS board meeting she tried to scuttle only to witness a majority of directors vote to dilute her stake in the Tiffany Network. All Les Moonves-friendly directors not affiliated with Redstone-controlled National Amusements Inc. voted to…

CBS boosted by better-than-expected profits

CBS boosted by better-than-expected profits

The good times continue to roll for Les Moonves. The CBS chief executive on Thursday reported a solid first-quarter performance for his entertainment company — fueled by CBS All Access and Showtime’s streaming app. The better-than-expected profits and revenue from CBS buoyed…