mr. dauman to the chairman role.his battle is going to continue, it would seem, for some time. >> not as simple as saying it's about conflict of interest or we need fresh blood at the top. it's more complicated than that. >> she says they need independent voice at the top of viacom as chairman. others say she sees this as opportunity with the weakness of viacom, incredible compensation they paid to mr. dauman, this is an opportunity for her to assert herself as her father's health declines. >> the investors like the whiff of change. up 5%. >> mr. redstone still controlling shareholder. >> activist interest? >> there has been some, but more on a governance level. you have somebody unable to communicate still as executive chairman. it is a reasonable question to ask how long that should continue. the idea of consolidation taking place and/or cbs or viacom being part of it is premature. >> we'll see what comes out of the meeting. >>> it was a contentious hearing in congress. martin shkreli making a quick appearance, ple

mr. dauman and sherry redstone, a couple of other board members and two other outside attorneys whether itill start to make decisions with regard to that controlling stake in both of those companies. but we do know he has taken over as chairman and ceo. similar to another that places cbs as it's chairman and ceo. >> how much has to do with the pressure of time. wanting to make a decision quickly and also wanting to choose someone that has expertise within the company. the cbs decision would appear more clear but the perform in viacom itself has been struggling. on one hand you have the fact that they would want to make an announcement relatively quickly but on the other hand there should be a discussion over other people coming in to this company. >> a number of the people have been agitating at viacom. disappointed by the performance of the company and it's stock price which is down 21% over the last three years. that did include this move up. i think they are unhappy with this and they would like to see somebody perhaps as chairman of the company. and what appears to be a very recent dec

mr. dauman should be ousted.gabelli for that matter has been publicly critical of viacom's performance as well. and he's an investor held in very high regard by an awful lot of people. >> absolutely. and there's the fact that sherry redstone is saying that dauman is not the right person to have the chairman role, considering the performance of the stock in recent years. so, it seems from the tone of dauman on the conference call that he didn't want to acknowledge what challenges viacom is facing. he was very optimistic in saying that he was very focused on -- you know, optimistic they were able to turn around ratings and he also said he was very focused on improving the stock performance. but analysts have been very critical and there are a lot of questions about whether he should have gotten that chairman role. >> yeah, there's a suggestion, julia, thank you. doc, i think people have said, you know, give him a year, see what he can do. what do they need to, you know, sell off some assets? do they need to buy pro

mr. dauman may said.hari redstone, sumner's daughter and board member will continue to at least fire at the current management of the company. either in part to try to get some change there or perhaps to get some change on the trust, of course, which mr. dauman is a trustee with six other people. >> cable is not that bad. >> no. >> i expected things to be worse. >> terms of cord cutting or subscriber erosion? >>ing about disney tonight. >> we have disney tonight. we'll see what mr. iger chooses to say and what the numbers look like. it's not that bad, you could argue, but it's moving obviously -- not moving in an up direction. >> but it's not an oil company. >> no. >> is that the standard now. >> that's the new benchmark. >> not an oversupply, no sense of equilibrium -- >> no dry holes there. >> if you have a compelling content, these companies will tell you it doesn't matter what platform, they'll get paid for it whether it's an over the top streaming service or whether it's in the bundle that cable prov

mr. dauman. >> you have a company with an interesting scale in the entertainment business that could be viewed as up for play in a variety of ways. obviously, you know, sherry will be phillipe's hair shirt and phillipe is hers. what has she done in a digital world. much the way eric jackson has done it and what exactly is he doing in the mobile world and what is he doing to get into the hit business and what is he doing to get into the tv series and that will go global. so far we'll have to be in waiting and he's bought himself six more months or nine more months. >> and what responsibility do you think he bears that viacom dramatically underperformed it's come met tos by leaps and bounds. >> it's since 1988. and changed it to viacom. three years, 36 months, not a long period of time. seven movie companies in the early 50s. and seven movie companies that throw in the legendaries and lions gate they're in there now and i think you've got scale. you've got entertainment and you have content and maybe that will get a different form of focus on what they're not doing. >> but you clearly think thou