Shari Redstone is offering a concession to break a logjam in the merger negotiations of CBS Corp. and Viacom Inc., the media companies her family controls, but initial indications are that it won’t be enough to get the deal across the finish line. Ms. Redstone has dropped her demands that Viacom Chief Executive Bob Bakishhave a top management role at the combined company and be considered the successor to CBS Chief Executive Leslie Moonves, according to people familiar with the matter.

Source: Wall Street Journal May 04, 2018 21:33 UTC