They're trying to dilute Shari Redstone's stock, which they won't be able to do, but they'll take a symbolic vote anyway. Earlier in the week, CBS took the extraordinary step of going to court to try to get a restraining order to stop Redstone from interfering with the meeting, but the judge did not allow them that. But, the judge did say that CBS had a good case, and pointed out that Redstone does still have an obligation to keep CBS financially healthy for the sake of shareholders. Most of Wall Street is firmly on the side of CBS CEO Les Moonves, who got a standing ovation at the CBS upfronts this week.
FROM THIS EPISODE
More From Hollywood Breakdown
Cosby found guilty in the first major conviction of the #MeToo era Bill Cosby has been found guilty of all three counts of aggravated indecent assault. This verdict was handed down after a mistrial last summer. A lot has happened in the interim, including the fall of Harvey Weinstein and others.
LATEST BLOG POSTS
The most competitive races and measures on the Santa Barbara and Ventura primary ballot It’s primary season! Voter materials have already arrived for those with vote-by-mail ballots, and election day is quickly approaching on Tuesday, June 5. Santa Barbara June primaries Here’s a look at… Read More
Calif. Governor’s race: Antonio Villaraigosa interview You may remember him as the two-term mayor of Los Angeles, but Antonio Villaraigosa has his eyes set on higher office. He’s one of the top Democratic contenders in the race to… Read More
A U.S. immigration judge speaks out about her fears that the rule of law is under assault An arm of the U.S. Department of Justice, America’s system of immigration courts handles the civil cases of undocumented immigrants seeking to remain in the United States. Immigration judges must… Read More