viacom

The battle over the fortune of ailing media mogul Sumner Redstone has taken another turn. Lawyers for Redstone are seeking to remove two members of the board of the trust that will eventually control Redstone’s media empire, which includes CBS Corp. and Viacom Inc.

Stocks wavered between small gains and losses on Thursday to close little changed as traders weighed generally strong earnings reports against the falling fortunes of energy companies.

Time Warner Cable is seeking a court ruling stating it has the rights to stream Viacom’s TV programming to tablet devices like Apple’s iPad in the home.

YouTube announced that it would host full-length movies and television shows from Metro Goldwyn Mayer (MGM).