CBS and Viacom Strike Deal for Long-Thwarted Merger

CBS Corp. and Viacom Inc. agreed to merge, a deal the media companies hope will put them on stronger footing to compete with larger rivals in a business buffeted by cable TV cord-cutting and increasingly dominated by streaming.

The all-stock deal, if completed, will reunite the media empire of mogul Sumner Redstone, who had split up CBS and Viacom in 2006. It will create a major entertainment player valued at roughly $30 billion, combining Viacom properties such as MTV, Nickelodeon, Comedy Central and the Paramount film...

Hooray, from 60+ media conglomerates to four in just fifty years! Soon we'll just have one and all our news can be tailored to our consumption habits, making life so much easier. WhoNeedsRealityWhenThereAreSoManyThingsToBuy

I know several CBS Executives that were pushed out because they were hired by Les. One worked there for 20 years, it's a disgrace what they did. The company literally pushed people out, gave them fake Development Deals for shows they'll never buy. A corporation built on revenge.

increased M&A activity is bearish right?

This should be illegal but whatever we’re living in a fantasy land with no rules at this point anyway

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Gianopulos Inks Multi-Year Deal As Paramount Boss Prior To CBS-Viacom MergerBREAKING: Ahead of the CBS-Viacom merger, Viacom has re-upped Paramount Pictures Chairman and CEO Jim Gianopulos to a new, multi-year contract. In addition, Paramount’s current production president…
Source: DEADLINE - 🏆 109. / 63 Read more »

Jim Gianopulos Signs New Multi-Year Deal as Paramount Chief Ahead of CBS-Viacom MergerViacom has signed Paramount Pictures Chairman and CEO Jim Gianopulos to a new, multi-year contract, individuals familiar with the talks told Variety. The development comes as Viacom is expected to …
Source: Variety - 🏆 108. / 63 Read more »

CBS And Viacom Stocks Both Sink As Merger Deal Nears Close – UpdateUPDATED with closing stock prices. Shares of CBS slipped 2% after early gains and Viacom’s dropped 5% Monday as investors reacted to word that the companies were near the finish line in their…
Source: DEADLINE - 🏆 109. / 63 Read more »

CBS-Viacom Merger Imminent As Sides Agree On PriceCBS and Viacom have agreed to a price for their long-awaited merger and plan to formalize the deal with an announcement after the close of trading today, sources tell Deadline. The “exchange ratio”…
Source: DEADLINE - 🏆 109. / 63 Read more »