The departure of Les Moonves from CBS and the deal with National Amusements end a messy chapter for the company. There are still important issues to consider before CBS gets an all-clear. Shari Redstone, president of National Amusements, the company that controls CBS and Viacom, has been hoping to get rid of Mr. Moonves for some time. He opposed the merger she sought with Viacom. And he was hitting retirement age—he’s currently 68—without a successor of whom she approved.

Source: Wall Street Journal September 10, 2018 13:23 UTC