Viacom CEO Bob Bakish (Barely) Addresses Possible CBS Merger: 'We'll See What Happens'

"This is the third time we're having a conversation about this," Bakish acknowledged during a session at the Paley Center for Media in Beverly Hills.

On Thursday, CNBC reported that a hangup in an alleged merger plan involves the question of who would run the combined company, Bakish or CBS CEO Joe Ianniello. Shari Redstone prefers Bakish, according to CNBC. He said in the near-term, at least, Pluto TV will remain a play on library content where there's "tons of room to run," though he didn't rule out original content sometime in the future. He added, however, that Pluto TV isn't going to morph into a Netflix-like subscription service.

This is going to be interesting to watch unfold.

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CBS-Viacom merger talks are about to get serious, but CBS board has concerns about leadershipCBS and Viacom are expected to begin seriously discussing a merger after tomorrow's board meeting. The companies must agree on a number of leadership questions to get a deal done.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

CBS-Viacom merger talks are about to get serious, but CBS board has concerns about leadershipCBS and Viacom are expected to begin seriously discussing a merger after tomorrow's board meeting. The companies must agree on a number of leadership questions to get a deal done.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »