Redstones Win a Round in CBS Fight

Mony
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CBS Corp. has lost the first round in a battle to break free from its controlling shareholder, but the legal fight is far from over.

A Delaware judge on Thursday denied CBS’s request for a temporary restraining order against the Redstone family that would have enabled the media company to strip its controlling shareholder of its voting power. The family’s holding company, National Amusements Inc. controls nearly 80% of the voting power at CBS.

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