Shares of CBS and Viacom were dented in trading Monday as investors awaited news of a merger agreement between the two media companies controlled by the Redstone family. Viacom shares fell 5% to close at $28.53. CBS shares slipped 2% to close at $47.91 on what was a down day for the major indices overall. [...]Big Machine Label Group President/CEO Scott Borchetta announced today that Clay Hunnicutt has been named General Manager of the Big Machine Records imprint.
]Board members of CBS and Viacom worked most of the weekend in an effort to reach a long-awaited merger agreement for the two halves of the Redstone media empire. Sources close to the situation said the sides have made progress since Friday in hashing out some of the final details in the tie-up between the [...
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:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Viacom Stock Drops, CBS Shares Rise Slightly in Early Trading as Deal NearsThe companies are closing in on a recombination, which could be announced as early as Monday, with one report suggesting the price of the deal could mean a slight premium for CBS shareholders. Good for Shari Redstone's portfolio, but not so sure about future CBS biz plan and effect on viewers. Please checkout “Hollywood Vibes” by Leon Simmons (outlandish black comedy novel available on Amazon—not for Sunday School teachers)!!!
Source: THR - 🏆 411. / 53 Read more »
Jim Gianopulos Signs New Multi-Year Deal as Paramount Chief Ahead of CBS-Viacom MergerViacom has signed Paramount Pictures Chairman and CEO Jim Gianopulos to a new, multi-year contract, individuals familiar with the talks told Variety. The development comes as Viacom is expected to …
Source: Variety - 🏆 108. / 63 Read more »
Jim Gianopulos Inks Multi-Year Deal As Paramount Boss Prior To CBS-Viacom MergerBREAKING: Ahead of the CBS-Viacom merger, Viacom has re-upped Paramount Pictures Chairman and CEO Jim Gianopulos to a new, multi-year contract. In addition, Paramount’s current production president…
Source: DEADLINE - 🏆 109. / 63 Read more »
CBS and Viacom negotiating share exchange ratio between 0.5960 and 0.5965The negotiations for the CBS and Viacom merger could finish as soon as Monday, sources said. Split the difference and call it a day Argentina’s currency and bonds just collapsed today. Are you going to cover that or what?
Source: CNBC - 🏆 12. / 72 Read more »
CBS, Viacom in Final Stages of Deal TalksCBS and Viacom are in the final stages of negotiating a deal that would reunite mogul Sumner Redstone’s media empire in the hopes of creating a more formidable competitor to the entertainment industry’s giants. ray_chazelle Good
Source: WSJ - 🏆 98. / 63 Read more »
Is Vice Looking for an Exit Strategy With CBS-Viacom?The millennial media behemoth is struggling, and Nancy Dubuc has been “cozying up” to Shari Redstone. But CBS-Viacom isn’t biting—yet. Is that Joe Elliot, lead man for Def Leppard ? Woah!
Source: VanityFair - 🏆 391. / 55 Read more »