ViacomCBS stock slumped after the media giant’s latest quarterly report, but President and Chief Executive Robert Bakish and Non-Executive Chair Shari Redstone scooped up shares.
Class B nonvoting shares of ViacomCBS (ticker: VIAC) are slightly in the red this year, while the company’s Class A shares, which carry one vote each, are about flat. In comparison, the S&P 500 has risen nearly 25%. ViacomCBS’ third-quarter report on Nov. 4 sent its shares sliding. The company has been pivoting from legacy TV and cable businesses…
