National Amusements amends Viacom’s bylaws

Thomson ReutersA woman exits the Viacom Inc. headquarters in New York

NEW YORK (Reuters) – Sumner Redstone’s National Amusements Inc said on Monday that it had amended Viacom Inc’s bylaws to require majority approval by Viacom’s board for any deal related to Paramount Pictures.

The change, which is effective immediately, was made “to protect long-term interests of stockholders,” National Amusements said in a news release.

National Amusements is the owner of 80 percent of Viacom’s voting stock.

(Reporting by Anna Driver; Editing by Bernard Orr)

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