Lawyers for Sumner Redstone have reached a preliminary settlement with a former live-in companion who claims the 92-year-old media mogul is no longer competent to make health care or financial decision, according to a report by Reuters.
Redstone controls Viacom and CBS and recently stepped down as executive chairman of those companies amid questions of who will run them after he dies.
In the settlement, Redstone’s health care will be overseen by a neutral third party in Los Angeles, Reuters said.
The suit was sparked when Manuela Herzer was removed as the decision maker when Redstone could no longer make his own health care choices. She was replaced by Philippe Dauman, the New York-based CEO of Viacom.
Herzer was also reportedly cut out of Redstone’s will.
Dauman was scheduled to testify in a deposition when the settlement talks began.
The smarter way to stay on top of broadcasting and cable industry. Sign up below.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.