likely won't reach a merger agreement in time for CBS's earnings release on Thursday, according to sources familiar with the situation. The companies originally hoped to have a deal by August 8.
The companies are still negotiating over the exchange ratio, sources said. A deal is expected in the coming days. CBS and Viacom do not plan to answer questions related to the merger on Thursday's earnings call.
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: