NEW YORK (AP) — 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... Seattle Times - Published
After years of starts and stops, CBS and Viacom are finally getting back together. The two companies announced their long-awaited merger on Tuesday, which valued Viacom at $12 billion.
The two.. The Wrap - Published
The Dodo, the social media brand that has entertained millions with endearing animal videos, continues its push beyond Facebook and YouTube to linear and SVOD platforms.
The company recently.. The Wrap - Published
With its anticipated re-coupling with CBS casting a shadow, Viacom reported third quarter earnings that beat Wall Street forecasts on Thursday.
For the three months ending on June 30, the film and.. The Wrap - Published
“Life in Pieces” alum Thomas Sadoski has joined the cast of the CBS legal drama “Tommy” in a recasting, TheWrap has learned.
The midseason drama stars Edie Falco as a former high-ranking.. The Wrap - Published
Nancy O’Dell is leaving her post at “Entertainment Tonight” after nine years of co-hosting the show.
“Tonight, I’m excited to tell you about the start of a new chapter in my life,”.. The Wrap - Published
CBS and Viacom have reached a “working” agreement on the management structure in the event the two companies complete their long-awaited merger.
Viacom CEO Bob Bakish would take over as CEO of.. The Wrap - Published
Quarterly reports next week from Walt Disney Co, CBS and Viacom will likely highlight increasing competition in video streaming and could spark volatility in the so-called communication services.. Newsmax - Published
Earlier this month, The Information published an article on Netflix’s new spending patterns on content. There’s an important tidbit in the piece, which suggests that a new era of control and.. The Wrap - Published
· *A combination of CBS and Viacom could have the resources needed to compete with Netflix and Disney in the battle to build the biggest and best content portfolio, according to new research from.. Business Insider - Published
· Allen & Co.'s annual conference is happening in Sun Valley, Idaho.
· The Sun Valley conference is legendary for attracting a who's who of billionaires, CEOs, and other power players.
·.. Business Insider - Published
A series adaptation of “The Lincoln Lawyer” from David E. Kelley has been given a series production commitment at CBS, TheWrap has learned.
The “Ally McBeal” creator will write and executive.. The Wrap - Published
· After 13 years apart, CBS is preparing a bid to buy its sister company, Viacom, The Wall Street Journal reported on Tuesday.
· The deal, if it happens, could bolster CBS's streaming initiatives,.. Business Insider - Published
As CBS Corp. and former sister company Viacom Inc. rekindle talks of a long-anticipated merger, a potential deal could look very different than a year ago, when both sites walked away from the.. The Wrap - Published
· *Viacom shares rose as much as 4% on a report from the Wall Street Journal that CBS is planning to make an offer for the media company.*
· *This would be the third time in four years the media.. Business Insider - Published
Trevor Noah has hired Haroon Saleem, formerly of Ben Stiller’s Red Hour, as president of production for his Day Zero production company.
Noah and Viacom launched Day Zero last year, with Viacom.. The Wrap - Published
· *Shares of Viacom slipped as much as 2% on Friday morning after a report said merger talks with CBS could advance next week. *
· *The CBS board is reportedly worried about Viacom's management.. Business Insider - Published
CBS and Viacom shareholders enjoyed a healthy stock jolt on Thursday after CNBC reported earlier in the day that the two companies were once again considering a merger — a move that would reunite.. The Wrap - Published
Could the third time be the charm for CBS and Viacom? The CBS board is preparing to begin merger talks with Viacom starting next month, according to a Thursday morning report from CNBC citing unnamed.. The Wrap - Published
CBS and Viacom shares shot up at the start of trading Thursday following a CNBC report that the companies are expected to begin long-awaited merger talks by the middle of next month. Newsmax - Published
Viacom posted strong first-quarter 2019 financial results on Tuesday as the media and entertainment company’s earnings beat Wall Street expectations. Paramount Pictures produced double-digit revenue.. The Wrap - Published
Viacom president and CEO Bob Bakish saw his all-in pay decline slightly — roughly 2 percent — from 2017 to 2018, but he still hauled in about $20 million, according to a Friday SEC.. The Wrap - Published
A Los Angeles court ruled on Wednesday that Sumner Redstone had the mental capacity to make changes to his estate in 2015 and 2016.
The changes to the estate led to the then 92-year-old Redstone’s.. The Wrap - Published
A number of employees at Paramount Network have been laid off as parent company Viacom undergoes a reorganization of its brand groups, TheWrap has learned.
The cuts fell across the company’s.. The Wrap - Published
The National Association of Black Journalists (NABJ) blasted CBS News on Tuesday for not having any black journalists dedicated to covering the 2020 presidential election, with the organization saying.. The Wrap - Published
Maine’s local Portland Press Herald will not abandon their Sunday book review section after a campaign led by Stephen King resulted in more than 200 new subscriptions to the paper. The news was.. The Wrap - Published
Viacom is in talks to sell a majority stake in its Chinese TV networks, including MTV and Nickelodeon, according to an individual familiar with the company’s plans.
The company, led by CEO Bob.. The Wrap - Published
CBS has given a pilot order to the drama “Evil” from “The Good Fight” co-creators Robert and Michelle King, the network announced Wednesday.
According to the network, the drama examines the.. The Wrap - Published
A merger of CBS and sister company Viacom that has been hovering in corporate and legal limbo for roughly three years may now happen during the first six months of this year, industry experts.. The Wrap - Published
2018 has been a year of transformation in the telecom and media industries.
Telco behemoths snatched up media and ad tech in an effort to compete against the Silicon Valley giants. Digital.. Business Insider - Published
· *Pivotal Research Group, a small research firm that called troubles for Facebook and Snap early on, just released its media, internet, and communications predictions for the coming year.*
· *Among.. Business Insider - Published
CBS announced its first quarterly-earnings since the forced resignation of former CEO Leslie Moonves on Thursday.
After markets closed Thursday, CBS reported revenue of $3.26 billion and earnings of.. The Wrap - Published
CBS Corp on Tuesday named Richard Parsons, a former Time Warner Inc chief executive, as interim chairman of its board as the company renews its push to merge with Viacom Inc.Shari Redstone, who with.. Newsmax - Published
For most of Les Moonves’ two decades leading CBS, it was television’s most reliable, predictably successful broadcast network. Now its future is anything but predictable.
Under Moonves’.. The Wrap - Published
CBS will not be sending an executive to participate at the 27th annual Goldman Sachs Communacopia conference this week, a person with knowledge for the booking told TheWrap exclusively. Ousted CBS.. The Wrap - Published
Julie Chen will not be appearing on today’s Season 9 premiere of “The Talk,” one day after her husband Les Moonves was ousted as CBS CEO following sexual misconduct accusations from a dozen.. The Wrap - Published
The exit agreement reportedly also includes a settlement of the litigation between Moonves and Shari Redstone. Moonves and Redstone had been in a legal battle over whether to combine CBS and Viacom,.. Newsmax - Published
Les Moonves’ temporary successor, Joe Ianniello, sought to reassure CBS employees that the network is focused on creating a safe work environment, in a memo to staff Monday.
“And never has it.. The Wrap - Published
Shares of the publicly traded CBS Corporation are falling as Wall Street reacts to Leslie Moonves’ forced resignation after 15 years as CEO.
At the time of this writing, company stock was trading.. The Wrap - Published
Leslie Moonves sexual assault accuser Phyllis Golden-Gottlieb appeared on “GMA” this morning with attorney Gloria Allred to speak about the now-former CBS CEO’s Sunday ousting.
On Moonves’.. The Wrap - Published
CBS TV Studios has signed writer-producer Rina Mimoun to an overall deal.
Mimoun already has a pair of projects, one with CBS and one with The CW, set up for this development season.
The CBS.. The Wrap - Published
CBS boss Les Moonves was so incensed by Janet Jackson’s “wardrobe malfunction” during the network’s 2004 Super Bowl halftime show that he sought to ban her from all CBS and Viacom properties.. The Wrap - Published
The CBS board is currently in negotiations with CEO Les Moonves to exit the company, multiple people with knowledge of the talks confirmed to TheWrap.
Such a departure would make CBS COO Joe.. The Wrap - Published