The long struggle for power in Sumner Redstone’s media empire is nearing a conclusion. Viacom Inc. Chief Executive Philippe Dauman would relinquish that post as part of a settlement the company is completing with Mr. Redstone’s National Amusements Inc., people familiar with the situation say, a deal that would end a bitter feud and leadership crisis that has engulfed the media giant. Under terms of the deal being negotiated,...

Source: Wall Street Journal August 18, 2016 23:58 UTC