Moonves Needs 5 Years Free Reign If CBS Merged With Viacom

CBS Corp chief executive Leslie Moonves should get five years without interference from Sumner Redstone’s family if the media company is merged with Viacom, investor Mario Gabelli told CNBC on Tuesday.

The Redstone family’s National Amusements holds 80 percent of the voting shares in CBS and Viacom, and has urged the two companies to consider a merger.

“Give him five years,” said Gabelli, who is the second-largest owner of voting shares of both Viacom viab ...

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