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Shari Redstone's group rebukes reporting they want Moonves out

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

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.

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