After some false starts, CBS and Viacom announced on Tuesday they will combine to form the latest media empire in a wave of mergers driven by the need for companies to reformulate themselves for the streaming era.
The deal recombines two entities that were under the same corporate umbrella until they were broken apart in 2006 by Sumner Redstone, chairman emeritus of National Amusements, which holds almost 80 percent of both companies. The two companies failed in their earlier attempts to pull off a merger, due in part to opposition from former CBS chief executive Les Moonves, who was ousted in September 2018 amid sexual harassment allegations.
CBS itself has launched its "All Access" service which provides on-demand programming for $5.99 per month with limited commercial interruptions or $9.99 per month for ad-free service.
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.
CBS, Viacom agree to merge in all-stock dealCBS Corp and Viacom Inc agreed to merge on Tuesday, creating a company with more...
Source: Reuters - 🏆 2. / 97 Read more »
CBS and Viacom merge to form $30 billion media companyWith streaming video now the leading story, the two companies are fusing their war chests to better compete for viewers. Yay!! Bigger Better B-S!! God I hope I don’t have to see BBT on Comedy Central, I’ll die. It's basically a 2nd marriage.
Source: NBCNews - 🏆 10. / 86 Read more »
CBS and Viacom have finally agreed to merge — here's what they could buy nextCBS 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. Altice We all know monopoly is bad for everyone except the monopolist. Our representatives do not represent the people. Corporatism is fascism. A vowel?
Source: CNBC - 🏆 12. / 72 Read more »
CBS and Viacom to merge, reuniting the storied network with Comedy Central, MTV and Paramount PicturesBreaking: CBS and Viacom are reuniting in a $12-billion deal that will bring together such well-known brands as CBS, MTV, Nickelodeon and Showtime. So much content, so little of it watchable. yayyyyy! if we try real hard maybe we can make just one big media company!!!!! only one streaming service EVERYBODY WINS Does Sumner Redstone have any idea what is going on? Which entity gets to pay Moonves if he wins his arbitration?
Source: latimes - 🏆 11. / 82 Read more »
CBS And Viacom Announce Plans To Merge, Finally Fulfilling Shari Redstone's Dream On 3rd TryCBS Corporation and Viacom Inc. announced plans to merge, marking the third attempt in as many years to combine the media companies controlled by the Redstone family. Who got the job of arranging Sumner's orgies?
Source: Forbes - 🏆 394. / 53 Read more »
CBS-Viacom Merger Imminent As Sides Agree On PriceCBS and Viacom have agreed to a price for their long-awaited merger and plan to formalize the deal with an announcement after the close of trading today, sources tell Deadline. The “exchange ratio”…
Source: DEADLINE - 🏆 109. / 63 Read more »