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The Wall Street Journal: Legal battle likely after CBS board strips Redstone family’s voting power

CBS Corp. and its controlling shareholder National Amusements Inc. are so entrenched in an influence struggle that they are able to’t even agree at the outcome of a board vote.

On Thursday, CBS CBS, -4.12%   mentioned its board voted to strip National Amusements President Shari Redstone and her circle of relatives of their voting keep an eye on over the media company. CBS mentioned the 11 of the 14 board contributors now not affiliated with National Amusements supported the proposal.

But that tally fell short of the threshold the Redstones consider is required for approval after they moved to amend the corporate’s regulations on Wednesday.

The boardroom drama units the stage for what may just grow to be a chronic prison combat over governance of the media large. At the guts of the battle is CBS’s rivalry that Redstone is trying to force it to merge with Viacom Inc. VIA, +1.62%  , the opposite media company within the circle of relatives’s empire. The combat could have important ramifications for the broader media panorama, figuring out the management and possession of the tv powerhouse, and whether it will remain unbiased.

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