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The Wall Street Journal: Viacom feud may soon be settled, with CEO’s ouster

The long struggle for power in Sumner Redstone’s media empire is nearing a conclusion.

Viacom Inc. Chief Executive Philippe Dauman would relinquish that post as part of a settlement the company is completing with Redstone’s National Amusements Inc., people familiar with the situation say, a deal that would end a bitter feud and leadership crisis that has engulfed the media giant.

Under terms of the deal being negotiated, they would cease litigation over control of Viacom VIA, -2.03% and National Amusements Inc., through which the 93-year-old Redstone owns a nearly 80% voting stake in the media company, the people say.

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