12-04-2016 02:59 via news.yahoo.com

Viacom's Redstone opposes selling minority stake in Paramount: WSJ

(Reuters) - Ailing Viacom Inc controlling shareholder Sumner Redstone opposes Chief Executive Officer Philippe Dauman's plan to sell a minority stake sale in Viacom's Paramount Pictures movie studio, the Wall Street Journal reported on Monday. The report added to turmoil over the future of Viacom, the conglomerate that owns MTV, Comedy Central, Nickelodeon and other TV channels, as Dauman faces pressure to boost the company's stock price. Dauman announced in February that the company would seek
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