It’s finally official: CBS and Viacom will reunite in a merger, which is expected to close by the end of the year. The companies were united before—from 2000 to 2006—and now, after a dogged effort from, the deal followed more than two days of negotiations. Once the union is complete, “synergy savings” are expected to total $500 million—after the two entities ax their overlapping operations. So in other words, prepare for some layoffs in the not-so-distant future.
The deal follows years of squabbling; Redstone has been pushing for a merger for years, an effort CBS’s former chairman,Once the companies merge, their combined portfolios will leave them better positioned to compete with some of the other Frankenstein’s-monster-like corporate giants that have emerged in recent years, including the recently united Disney and Fox, Comcast, and AT&T.
You mean layoffs.
This Means More USA Layoffs Are Coming.
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CBS, Viacom to reunite as media giants bulk up for streamingCBS and Viacom say they will reunite, bringing together their networks and the Paramount movie studio as traditional media giants challenge streaming companies like Netflix. E Warren comin for you Hopefully sling will have cbs now More competition among them is good for the user.
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