• Business Highlights

    5 days ago - By Chron

    CBS, Viacom to reunite as media giants bulk up for streaming
    NEW YORK - The newly combined ViacomCBS will invest in more movies and TV shows and try to sell more advertising as it seeks to become a bigger player in the growing business of streaming video. Yet the bigger company still might not be big enough to be competitive, as larger rival Disney launches its own service in November and streaming pioneer Netflix spends even
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  • The Viacom CBS Merger Could Dim Netflix's Rising Star

    5 days ago - By Fortune

    Can two old fogies of the media landscape reunite and grow, as the market rapidly consolidates and moves online? That's the plan of the soon-to-be chair of a combined CBS and Viacom , Shari Redstone and her CEO Bob Bakish, who currently heads Viacom.
    CBS, which first created and spun off Viacom in 1971, agreed on Tuesday to reunite with with its former production unit in a planned $12 billion deal. The combined entity will control everything from the CBS broadcast network to cable channels like MTV and Showtime, plus the Paramount film and TV studio and book publisher Simon & Schuster.
    The...
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  • Viacom And CBS Agree To Merge In $30B Deal

    Viacom And CBS Agree To Merge In $30B Deal

    5 days ago - By NPR

    Viacom Chief Executive Bob Backish is to oversee the new company, to be called ViacomCBS. The new chairwoman of the combined company is to be Shari Redstone, president of National Amusements.
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  • CBS and Viacom have agreed to become ViacomCBS, as part of a deal to reunite the media companies after 13 years

    CBS and Viacom have agreed to become ViacomCBS, as part of a deal to reunite the media companies after 13 years

    5 days ago - By Chron

    Reuters/Brendan McDermid/File Photo
    CBS and Viacom reached a deal on Tuesday to reunite the two companies after 13 years apart.
    The proposed deal, if completed, would create a media giant called ViacomCBS, Inc. with roughly $28 billion in revenue.
    Viacom CEO Bob Bakish would lead the combined company as president and CEO, and current CBS CEO Joe Ianniello would serve as CBS' chairman and CEO.
    Shares of CBS and Viacom were flat during afternoon trading, when the deal was announced. The market previously reacted to reports that a deal announcement was imminent.
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  • ViacomCBS is just the beginning of Shari Redstone's media deals

    5 days ago - By Reuters

    More than two months before CBS Corp and Viacom Inc succeeded at a third attempt to recombine, controlling shareholder Shari Redstone had already decided the new company needed to get bigger.
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  • CBS and Viacom Reunite Just in Time for a Media Fight

    5 days ago - By Washington Post

    Rivals have only become more formidable, which means another merger may be in the offing.
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  • CBS and Viacom Are Merging

    5 days ago - By Fortune

    CBS and Viacom said Tuesday they will reunite, bringing together their networks and the Paramount movie studio as traditional media giants challenge streaming companies like Netflix .
    Viacom owns Paramount Pictures and pay TV channels such as Comedy Central, MTV and BET, while CBS has a broadcast network, television stations, Showtime and a stake in The CW over-the-air network.
    Analysts say the reunion will help both companies navigate an ever-competitive streaming landscape. MoffettNathanson analyst Michael Nathanson said Paramount's movie library could be added to Showtime's premium...
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  • CBS and Viacom have finally agreed to merge - here's what they could buy next

    5 days ago - By CNBC

    CBS and Viacom finally have agreed to a merger, but the combined company still wants to get bigger. There might be several options for Shari Redstone, including Discovery, Lions Gate and Sony Pictures.
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  • CBS and Viacom are merging into a combined company called ViacomCBS

    5 days ago - By Tech Crunch

    In a widely-anticipated move, CBS and Viacom have agreed to reunite .
    The two media giants split back in 2006, although the Redstone family maintained control through National Amusements, a privately-held holding company. Now they're coming back together in an all-stock merger, creating a new entity with the straightforward-but-ungainly name ViacomCBS.
    The move is, in some ways, a concession to a turbulent media environment driving large-scale M&A, with AT&T buying Time Warner and Disney acquiring most of Fox - both deals seen as consolidation in preparation for a streaming-centric future...
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  • CBS, Viacom reunite, hoping to take on Disney and Netflix

    5 days ago - By Washington Post

    CBS and Viacom have announced an agreement to reunite, forming a company they hope will be big enough to tackle the behemoths of the media landscape. The combined company will include a film studio, P...
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  • CBS, Viacom reach deal to reunite Sumner Redstone's media empire

    5 days ago - By Reuters

    CBS Corp and Viacom Inc have reached a deal to reunite media mogul Sumner Redstone's U.S. entertainment empire after 13 years apart.
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  • CBS and Viacom have agreed to become ViacomCBS, as part of a deal to reunite the media companies after 13 years

    CBS and Viacom have agreed to become ViacomCBS, as part of a deal to reunite the media companies after 13 years

    5 days ago - By Business Insider

    CBS and Viacom reached a deal on Tuesday to reunite the two companies after 13 years apart.
    The proposed deal, if completed, would create a media giant called ViacomCBS, Inc. with roughly $28 billion in revenue.
    Viacom CEO Bob Bakish will lead the combined company as president and CEO, and current CBS CEO Joe Ianniello will serve as CBS' chairman and CEO.
    Shares of CBS and Viacom were flat during afternoon trading, when the deal was announced. The market previously reacted to reports that a deal announcement was imminent.
    Visit Business Insider's homepage for more stories.
    CBS and Viacom...
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  • CBS, Viacom agree to merge in all-stock deal

    5 days ago - By Reuters

    CBS Corp and Viacom Inc agreed to merge on Tuesday, creating a company with more than $28 billion in revenue, as an increasingly competitive media landscape prompted their controlling shareholder to reunify the U.S. entertainment companies 13 years after breaking them up.
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  • Viacom employees open up about their hopes and fears after the CBS merger, and what they think will happen next

    Viacom employees open up about their hopes and fears after the CBS merger, and what they think will happen next

    5 days ago - By Business Insider

    CBS and sister company Viacom have agreed to merge in an all-stock deal that would create a combined company with around $28 billion in revenue, the companies announced on Tuesday afternoon.
    The feeling at Viacom, based on interviews with current and former employees, is relief that the long-awaited deal is done and anxiety around what comes next.
    While some employees in Viacom's ad sales and marketing teams are concerned about potential layoffs and upward mobility, other staffers felt that Viacom was emerging as a leader over CBS, which made them more confident in their job...
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  • CBS and Viacom Reunited in Deal That Marks Ascendance of Shari Redstone

    5 days ago - By NY Times

    The combination of CBS and Viacom is a victory for Shari Redstone, the leader of a family business that controls both.
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