Here Is Everything You Need To Know About The Viacom-CBS Merger

📆 29/11/2019 23:00:00
📰 Forbes

⏱ Reading Time:
17 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 53%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

CBS's merger with its long-lost corporate sibling Viacom is slated to close December 4—here's a review of the screwy history of this deal and the challenges the lie ahead for the new company:

Share to twitterNEW YORK, NY - AUGUST 13: Signage for the CBS Broadcast Center is displayed outside the building onAugust 13, 2019 in New York City. Following years of on-and-off talks and negotiations, CBS and Viacom have agreed to merge. The new company will be called ViacomCBS, and Viacom CEO Bob Bakish will be the CEO of the new combined company.

estimates that 2,000 people will lose their jobs after as the companies try to meet their savings targets of $540 million in 2020 and $653 million in 2021. Viacom CEO Bob Bakish will run the new company. Acting CBS CEO Joe Ianniello will retain his current position and will also get a $100 million payout once the deal closes.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Channel 5 Commits To UK Commissioning Strategy Following ViacomCBS Merger, Move Satisfies RegulatorBritish broadcaster Channel 5 will keep its commitment to commissioning a “wide range” of UK-originated productions following the merger between Viacom and CBS – a move that has satisfied regulator…
Source: DEADLINE - 🏆 109. / 63 Read more »