CBS, Viacom reunite with plans for bigger role in streaming TV wars

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Reuters

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Wed, 2019-08-14 04:50

NEW YORK: CBS Corp. and Viacom Inc. have reached a deal to reunite media mogul Sumner Redstone’s US entertainment empire, betting that a larger company will be able to compete and partner better in a media industry dominated by giants.
The new company will be named ViacomCBS Inc, although CBS shareholders will own 61% and Viacom shareholders will own 39%.

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Media

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CBS and Viacom Inc

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