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Shari Redstone's group, National Amusements — the holding company for CBS and Viacom — has released a statement saying it “has tremendous respect for Les Moonves and it has always been our intention that he run a combined company.”

Why it matters: Reporting published earlier Wednesday suggested that Redstone contemplating firing CBS chief Leslie Moonves, should merger talks between the two networks fail.

Shari Redstone's group rebukes reporting they want Moonves out

Reporting published earlier Wednesday suggested that Redstone contemplating firing CBS chief Leslie Moonves.

Shari Redstone attends the annual Allen & Company Sun Valley Conference. Photo: Drew Angerer/Getty Images

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Shari Redstone&#x27;s group, National Amusements — the holding company for CBS and Viacom — has released a statement saying it “has tremendous respect for Les Moonves and it has always been our intention that he run a combined company.”Why it matters: <a class="gtmContentClick" data-vars-link-text="Reporting" data-vars-click-url="https://www.cnbc.com/2018/04/11/redstone-likely-to-replace-moonves-as-head-of-cbs-if-no-deal-with-viacom-sources-say.html" data-vars-content-id="f40713e2-b230-4882-94ef-f26c767d74a6" data-vars-headline="Shari Redstone&#x27;s group rebukes reporting they want Moonves out" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.cnbc.com/2018/04/11/redstone-likely-to-replace-moonves-as-head-of-cbs-if-no-deal-with-viacom-sources-say.html" target="_blank">Reporting</a> published earlier Wednesday suggested that Redstone contemplating firing CBS chief Leslie Moonves, should merger talks between the two networks fail.

Shari Redstone's group rebukes reporting they want Moonves out

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