Hollywood news banter

Matt Belloni, executive editor of the Hollywood Reporter joins Kim Masters to discuss top entertainment news stories of the week.

• AT&T's $85.4 billion bid for Time Warner is still subject to government approval. If the purchase goes through, it will be a mega media merger that could pave the way for other big moves like the possible re-combining of CBS and Viacom.

• Frail, 93-year-old mogul Sumner Redstone is suing two former companions for elder abuse in hopes of reclaiming $150 million worth of gifts.