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CBS Postpones Annual Shareholder Meeting

Erik Gruenwedel

CBS canceled its planned May 18 annual shareholder meeting following a week of litigation and drama between the media giant and its majority shareholder National Amusements, which is headed by Shari Redstone and her ailing 94-year-old father Sumner Redstone. On May 17, the board of directors of CBS voted 11-3 to dilute the voting power … Continue reading “CBS Postpones Annual Shareholder Meeting”