Viacom Shares Rise Amid Rumors Of Board Blowout

Viacom shares were up more than 3% in trading Friday amid rumors that controlling shareholder Sumner Redstone is poised to replace the company’s board of directors. Viacom shares have been climbing all week as an extraordinary public battle has unfolded between Redstone and Viacom chairman-CEO Philippe Dauman. Shares spiked on Friday morning after CNBC’s David...

Topics:  sumner redstone   viacom   philippe   dauman   cnbc s   david   redstone   rumors   board   friday   
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