LOS ANGELES (Reuters) - Shari Redstone, vice chair of Viacom Inc and the daughter of controlling shareholder Sumner Redstone, said on Tuesday she has no desire to manage the media conglomerate or to chair its board.
The statement from Shari Redstone was a response to a letter on Monday in which Viacom's six independent directors vowed to fight any attempt to oust them from the board.
In a statement from her spokeswoman, Shari Redstone said she wants "strong, independent directors" for Viacom, the owner of MTV, Comedy Central and Paramount Pictures.
"Shari has made it abundantly clear that she has no desire to manage Viacom nor chair its board," the statement said.
Last week, a statement issued by a spokesman for Sumner Redstone said the 93-year-old media mogul was considering ousting Viacom Chief Executive Philippe Dauman and the board of directors. Redstone has controlling stakes in both Viacom and CBS Corp .
(Reporting by Lisa Richwine; Editing by Chris Reese and David Gregorio)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
