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CBS suspends CEO search, renewing Viacom merger speculation

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CBS suspends CEO search, renewing Viacom merger speculation GlobeBusiness

Viacom is also controlled by the Redstone family’s National Amusements Inc.

Advocates for a combined CBS-Viacom company believe it would have greater scale to compete in a rapidly consolidating media world led by Netflix and Walt Disney Co. Extending Ianniello’s role as interim CEO and dropping the search for a permanent CEO appears to set a time frame for how long CBS believes it would take to complete a deal.

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