US: CBS board plans merger talks with Viacom

US: CBS board plans merger talks with Viacom

The CBS board is preparing for merger talks with Viacom, people familiar with situation said, reported CNBC. The long-anticipated talks between the two companies controlled by the Redstone family’s National Amusements are expected to begin in mid-June, though discussions could begin even sooner, the sources said. Viacom CEO Robert Bakish would likely run the combined […]

US: CBS is no longer looking for a new CEO

US: CBS is no longer looking for a new CEO

CBS suspended its search for a new chief executive officer and announced that acting CEO Joseph Ianniello agreed to stay on through the end of the year, reported Reuters. “Joe has demonstrated exceptional leadership during this time of unprecedented transition at CBS,” the broadcaster said in a statement Tuesday, April 23. Ianniello’s tenure has been […]

US: CBS & Viacom are once again talking merger?

US: CBS & Viacom are once again talking merger?

CBS and Viacom have for over a year now been in on and off talks to once again merge according to a report from Fox Business. The two companies use to be one, but broke up into two companies in 2006, at the request of both boards. It is important to remember that both Viacom […]

US: Is the CBS-Viacom merger back on?

US: Is the CBS-Viacom merger back on?

CBS’ board will meet on January 31, and the possibility of a merger between the former corporate siblings will be a hot topic on the agenda, according to Bloomberg, which reports that a decision “could come within weeks.” A potential combination between CBS and Viacom, whose assets include Comedy Central, MTV, Nickelodeon, and the Paramount […]

US: CBS names M&A specialists to board of directors

US: CBS names M&A specialists to board of directors

According to Bloomberg News, the New York-based news and media company CBS named several M&A specialists to the board of directors; three of them women. The appointees were made on the heels of sexual-harassment allegations against Leslie Moonves, who resigned as CBS CEO Sunday, September 9. The named executives are: Candace Beinecke: A senior partner at the […]

US: Owner Shari Redstone wants to combine and sell CBS and Viacom

US: Owner Shari Redstone wants to combine and sell CBS and Viacom

The bitterest boardroom battle in recent memory has turned on a series of slights, verbal jousting and a physical altercation involving hands on a face that could determine the futures of both CBS and Viacom. Shari Redstone, the controlling owner of CBS, has filed a complaint against the broadcaster and its chief executive Les Moonves […]

US: CBS declares war on parent company to stop merger

US: CBS declares war on parent company to stop merger

On Monday, May 14, CBS filed a lawsuit to stop controlling shareholder Shari Redstone from continuing with her plan to merge it with Viacom saying such a deal would harm its shareholders, reported Reuters. The New York media company has also asked the Delaware Chancery Court to block Redstone from interfering at a special meeting […]

US: Entercom completes US$2.4b CBS Radio deal

US: Entercom completes US$2.4b CBS Radio deal

Entercom Communications announced Friday, November 17, that it has completed its merger with CBS Radio, making it the No. 2 radio operator in the US by revenue behind iHeartRadio. First announced in February 2017, the merger expands Entercom’s nationwide footprint from 127 stations to 235 stations in 47 markets across the US, including 23 of […]

Australia: Murdoch, Gordon lose court challenges over Ten; will appeal

Australia: Murdoch, Gordon lose court challenges over Ten; will appeal

Two Australian media moguls have lost a court challenge to CBS’s planned buyout of bankrupt television broadcaster Ten Network Holdings, giving the US media giant a strong upper hand ahead of a creditor vote on Tuesday. CBS, Ten’s biggest creditor, swooped on the TV station after it went into administration three months ago, upending acquisition […]