CEO Robert Bakish and Chairman Shari Redstone Have Bought ViacomCBS Shares

Shares of ViacomCBS slumped after the media giant’s latest quarterly report, but president and CEO Robert Bakish and non-executive chairman Shari Redstone took stock.

Class B non-voting shares of ViacomCBS (ticker: VIAC) are slightly in the red this year, while the company’s Class A shares, which have one vote each, are roughly even. By comparison, the S&P 500 is up nearly 25%. ViacomCBS’ third quarterly report on Nov. 4 sent its shares down. The company grew out of old TV and cable companies…