The Presidential Daily Brief

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  1. Redstone

    Redstones Reclaim Control of Viacom After CEO’s Exit

    It’s a family affair. The media giant’s internal crisis has ended with owners Sumner Redstone and his daughter Shari reasserting control. Following a rough two years that included a Comedy Central talent drain and a 45 percent Viacom stock slide, CEO Philippe Dauman’s resigned and allied board members are departing. The Redstones opposed Dauman’s initiatives, including a plan to sell nearly half of Paramount Pictures to a Chinese investor. Media and Hollywood veteran Thomas Dooley is set to start as the new CEO, with Dauman having negotiated a $72 million golden parachute.

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