Top Viacom shareholder sees Dauman exit, Malone entrance

Claire Atkinson, James Covert
Thu, 07 Jul 2016 14:45:53 -0400

Mario Gabelli, the second-largest shareholder in Viacom behind Sumner Redstone, said he believes billionaire John Malone is cooking up a deal for the company. Malone weighed in on the battle for control of the New York media conglomerate Thursday at Allen & Co.’s exclusive business confab in Sun Valley, saying the company’s assets are undervalued...