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CBS 2018 LEGAL Conflict and what that could mean for TAR 31 and Beyond

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theschnauzers:
Notwithstanding all of the speculation about what TAR 31 will or won't be, or the casting, there's another matter to cause concern long term.

It's been gradual over these past 17 years, but except for casting honcho Lynne Spillman and CBS CEO Les Moonves, none of the CBS executives who originally greenlighted TAR back in 2000 remain at CBS. So their newer successors are not necessarily as invested in TAR as that group was.
And it gets more precarious because of an ongoing dispute between CBS current management and board of directors and the controlling shareholder, NAI (the Redstone family, who also control Viacom). There's a court hearing TODAY on a preliminary injunction to prevent the Redstones from interfereing with a proposed special dividend that would dilute the Redstones' controlling interest to a minority position and likely preventing a forced merger with Viacom. If the injunction isn't issued, it could lead to the removal of the management (Moonves) and the board of directors, and a new management might have a totally different view of all current CBS programming.
Something to be aware of as it could impact TAR 31 and the long=term survival of TAR

ilovetoread:

--- Quote from: theschnauzers on May 16, 2018, 01:58:37 PM ---
And it gets more precarious because of an ongoing dispute between CBS current management and board of directors and the controlling shareholder, NAI (the Redstone family, who also control Viacom). There's a court hearing TODAY on a preliminary injunction to prevent the Redstones from interfereing with a proposed special dividend that would dilute the Redstones' controlling interest to a minority position and likely preventing a forced merger with Viacom. If the injunction isn't issued, it could lead to the removal of the management (Moonves) and the board of directors, and a new management might have a totally different view of all current CBS programming.
Something to be aware of as it could impact TAR 31 and the long=term survival of TAR

--- End quote ---

I was wondering about this. It's crazy to think Moonves could just be out of his job that he's had forever. It will be interesting to see what happens.

dryedmangoez:
That's a good point.  But at the same time we could also think of it the opposite way as well. TAR certainly isn't the jewel for CBS it once was and  It has been treated as such. So who knows? The new bosses might actually think more highly of TAR and not feel the need for casting gimmicks or the need to cross promote the Network's other more prized reality shows.

It could go either way. :duno:

theschnauzers:
Afternoon update: The judge has issued a 24 hour stand in place order until he can rule on the CBS management's TRO motion expected sometime tomorrow.

theschnauzers:

--- Quote from: ilovetoread on May 16, 2018, 02:04:44 PM ---
--- Quote from: theschnauzers on May 16, 2018, 01:58:37 PM ---
And it gets more precarious because of an ongoing dispute between CBS current management and board of directors and the controlling shareholder, NAI (the Redstone family, who also control Viacom). There's a court hearing TODAY on a preliminary injunction to prevent the Redstones from interfereing with a proposed special dividend that would dilute the Redstones' controlling interest to a minority position and likely preventing a forced merger with Viacom. If the injunction isn't issued, it could lead to the removal of the management (Moonves) and the board of directors, and a new management might have a totally different view of all current CBS programming.
Something to be aware of as it could impact TAR 31 and the long=term survival of TAR

--- End quote ---

I was wondering about this. It's crazy to think Moonves could just be out of his job that he's had forever. It will be interesting to see what happens.

--- End quote ---

NAI (i.e., Shari Redstone and her father) is the controlling majority shareholder of the shares that have a vote, and under Delaware corporation law, they can remove and replace any or all of the board of directors at will, and thereby remove any officer of the corporation including the CEO (Moonves). So yes, it could happen in an instant.

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