Redstone moves to oust Dauman from Viacom
June 17, 2016
US billionaire media baron Sumner Redstone has axed his former protege Philippe Dauman from the board of Viacom, where Dauman is CEO. Dauman currently oversees MTV, VH1, Comedy Central, Nickelodeon, movie studio Paramount Pictures amongst other valuable properties.
If the sacking holds up in court, Dauman will exit with four more directors on the Viacom board amid an increasingly acrimonious battle that has pitted the 93-year-old Redstone and his family against the media combine’s management.
A statement from Viacom said the board members would fight the order in court. Dauman remains as CEO for now.