The 68-year-old executive has been negotiating a settlement with independent CBS board members in recent weeks. CBS’ board also will be allowed to entertain offers from other prospective buyers — a condition that should immediately hang a for-sale sign on CBS. Joseph Ianniello, CBS’ chief operating officer, is expected to be elevated to acting CEO. But the agreement structured between CBS and National Amusements is intended to protect the CBS board from meddling by the Redstones. “This has been a tough week at CBS,” CBS Entertainment President Kelly Kahl acknowledged to writers in early August at the Television Critics Association gathering in Beverly Hills.

Source: thestar September 10, 2018 15:22 UTC