 CBS nursing a black eye after suffering its first loss against Sherry Redstone. A court rejecting the network's bid to dissolve Redstone's control over the company, CBS trying to stop Redstone's plan to reunite, reunite that is via common CBS stock falling after the close. We'll be watching it closely today. Viacom shares also ended lower. CBS also canceled its annual shareholders meeting scheduled for today, giving executives more time to figure out what the heck to do next. A great deal. Is it stay here for both sides? Let's bring in Melissa Armo of the Stock Swoosh. Melissa, great to have you here. Always a pleasure. Good morning. Let's start with Moonves here. Here is a guy who is challenging essentially the owner of his company. He's been pretty clear. He doesn't like a lot of the brands that Viacom has, MTV, Paramount. There's a lots of luster there. I think you've got to say, does Moonves have nothing to lose here? Well, I've got to be honest with you, he's done a great job running CBS. He's been there forever. He's done a great job. And really, this is not, I don't think this is necessarily in CBS' interest to hook up with Viacom. Viacom, in the last few years, a lot of their channels have not been doing so great. MTV has gone downhill, VH1 has gone downhill, Nickelodeon is probably one of the most valuable things, and really the Paramount Studios for Viacom, but the stock itself has reflected the lack of interest really in those channels, whereas CBS has tons and tons of hits. I mean, look at Survivor. Everybody knows Survivor. The Big Bang theory is CBS. So I think, you know, it's very, very interesting. This is not over yet. It's not over by a long shot. CBS stock looks a lot better also than Viacom. It's sitting up trend. Viacom's at a downtrend. I think this is going to be a big battle. I think it's going to cost, I think it's going to cost a lot of money going through all the legal battles. Should we just note here that Moonves has like a $200 million gold parachute. So if it doesn't work out and he's got to leave, you know, it's not so bad, is it? Well, I mean, that's not necessarily great though for CBS. For CBS Sherrild. No, not at all. I mean, he's done a great job with the company. That's what I'm saying. It's a good point. It's a contract stack until 2021. And I don't know anything about the golden parachute you're talking about, but obviously there's something else going on there, but I'm saying he's done a good job. And he's done, oh, he's 68. Yeah, and I think the stock reflects that, right? The stock's been on fire. It's done well while others in the category are have not. Exactly. But I think the big question here is, can Moonves actually stop Sherry? I mean, it's really come down to two folks here. Really, they're fighting each other. Can CBS stop her from forcing them to combine with Viacom? They're going to try. And this is what I'm saying. This is not over by a long shot and this could get ugly, like really ugly. It's already ugly, my friend. So let's talk more broadly about the media landscape because there's so many deals going on right now. Disney and a deal to buy parts of 21st Century Fox, the parent of this network, AT&T and Time Warner in front of a judge right now with the deal, lots going on. And will we see major changes in the media landscape? What might happen next? Yeah, there are changes. There are a lot of changes. The Fox-Disney merger, that's very positive. That's positive for Disney, their stock price, it has rallied since then. Fox is in an uptrend. That's very positive. That's expected to go through in the summer of 2019. I think that's pretty much a done deal. The Justice Department, however, is involved with the AT&T merger. There's antitrust issues there because they're thinking that's going to be bad for consumers to have someone that owns a TV distribution company and also who's creating and selling the content. So that's the problem with that. I don't think the judge is supposed to come out with a ruling on that until June. But the TV landscape is changing mainly because people are not watching as much programming on TV. They're watching things on the Internet. Melissa, don't tell people that. Do you want them to watch this network? Well, hopefully they are. Melissa, thanks for coming on. Great to see you. Great information. Appreciate it. A good point that you just made about the entire industry just in a huge shake-up right now. Yeah, anything could happen. There are companies, lots of companies, Disney, Viacom, all the big players. It's in flux. Yeah, that was a great interview. Okay, so we're still talking about this. The big question. Is it Laurel? Is it Yanny? Yanny. Yanny, Yanny. I give up. See? I haven't even straightened up. America's latest Internet debate is now hitting the White House. And it's not just Laurel and Yanny, the Philadelphia Eagles are headed to the White House. Jared Max has got that sports story and some other highlights coming up. We are taking a look at your futures right now after we look at Time Warner and AT&T. We were talking about it, but anyway, there you go. There's the Dell Futures. We're out at 62 in the pre-market. Yeah. Five and a quarter on the S&P, 19 and a quarter on the NASDAQ. We'll be right back.