Viacom also affirmed its support for Brad Grey as head of Paramount Pictures movie studio in a statement Friday.
A Massachusetts probate court judge said Friday he has "some concerns" about how much information was being given to Sumner Redstone.
Jeff Sonnenfeld, Yale School of Management, discusses corporate leadership and whether CEOs should be judged by stock performance, with the "FMHR" traders and Rob Sechan, UBS Private Wealth Management.
Eric Jackson, Spring Owl Asset Management, discusses the corporate governance issues surrounding Viacom and CEO Philippe Dauman's reported $72 million severance package, with the "FMHR" traders and Rob Sechan, UBS Private Wealth Management.
The "FMHR" traders and Rob Sechan, UBS Private Wealth Management, discuss the trade on Viacom following the news of the expected $72 million severance package for CEO Philippe Dauman.
CNBC's Julia Boorstin reports the latest on the expected severance pay for CEO Philippe Dauman to step down from Viacom.
If CEO Dauman exits Viacom, it would cap a lucrative decade-long tenure at the company, data shows.
Kara Swisher, Recode executive editor, discusses the latest on Viacom with Philippe Dauman reportedly getting a large compensation package to exit his role as CEO.
Jim Stewart, New York Times columnist, discusses the Viacom saga as Sumner Redstone and Philippe Dauman have reportedly reached a settlement as well as the settlement culture at Fox News following the Roger Ailes scandal.
CNBC's David Faber has the update on the reported settlement between Viacom and Sumner Redstone.
According to sources the legal battle between Viacom and Sumner Redstone has ended and CEO Philippe Dauman will receive a $72 million dollar severance package, reports CNBC's Julia Boorstin.
The settlement would end the battle for control over Redstone's $40 billion empire that includes Viacom and CBS.
The battle for control over Viacom appears to have come to an end. As part of the agreement, Viacom CEO Philippe Dauman will leave and receive roughly $72 million in severance.
Settlement talks between Viacom CEO Philippe Dauman and controlling shareholder Sumner Redstone have resumed after weeks of stops and starts.
CNBC's Julia Boorstin reports the latest on the legal battles for control of Viacom.
CNBC's Julia Boorstin reports on a critical statement from National Amusements about Viacom CEO Philippe Dauman.
Viacom earnings got a boost from higher license fees and theatrical revenue at its movie business.
CNBC's Julia Boorstin reports on Viacom's quarterly results as the media company is mired in the legal sagas of Sumner Redstone.
CNBC's Dominic Chu with the latest regarding the judge denying the motion to dismiss the Viacom lawsuit.
While the battle over the future of Viacom is being waged, what happens in San Diego at Comic-Con could have big implications for the business.