Redstone makes concessions on Viacom CEO to clinch CBS merger

Redstone makes concessions on Viacom CEO to clinch CBS merger

Shari Redstone, the media heiress whose family controls CBS and Viacom, has offered CBS CEO Leslie Moonves to drop her demands for Viacom CEO Bob Bakish to be his No. 2 following a merger, as long as Bakish sits on the combined company’s board, people familiar with the matter told Reuters on Friday. The offer is an attempt by Redstone to resolve an impasse in the deal negotiations. Redstone has been trying to put together…

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