CBS, Viacom Reach Working Agreement on Combined Company's Leadership Team

Representatives of CBS Corp. and Viacom Inc. have reached a working agreement on the management team that would lead the combined company in the event of a merger, people familiar with the matter said, resolving a critical question that threatened to stand in the way of a deal.

Joe Ianniello, the acting chief executive of CBS Corp., would be offered a job overseeing all of CBS’s branded assets at the combined company under the working agreement, the people said.

Break them all up . Period Corporate America Autocratic gov don't work and really don't work with. TwoFaceForkTougue.

yashar I thought for years they already were. 🤷‍♀️. Shows what I know.

yashar KD_Bowens

Another merger

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Viacom Sees Flat Ad Sales in TV’s Upfront Market, Even As Digital Gains TractionViacom relied on Madison Avenue’s interest in new forms of video advertising to drive activity in the industry’s annual “upfront” market, but captured a level of advance com… Tough sell when people are buying streaming services that allow them to avoid the Ads. ‘Sup Viacom - Advertise, yo. how the heck did this stupid idea and design of a sponge make it to tv? and as a cartoon also?
Source: Variety - 🏆 108. / 63 Read more »