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Court rules for Shari Redstone, against CBS

CBS CEO Les Moonves
Photo by Tara Ziemba/Getty Images

A Delaware judge has just ruled against CBS, in its effort to strip company control from Shari Redstone's National Amusements Inc.

Why it matters: This could pave the way for a merger with Viacom, and also lead to major management changes at CBS (whose stock is down more than 6% on the ruling).