CBS and Viacom agree to merge after years of discussion. After years of back-and-forth discussions, media giants CBS and Viacom will merge. The new company, ViacomCBS, will be headed by Viacom CEO Bob Bakish. Current CBS CEO Joe Ianiello will act as..
U.S. futures are indicating a sharp decline Wednesday morning as global economic recession indicators mount. China reported a decline in July investment, retail spending and manufacturing. Whether that is a function of the U.S.-China trade war or a..
CBS and Viacom have reached a deal to reunite media mogul Sumner Redstone's U.S. entertainment empire, betting that a larger company will be able to compete and partner better in a media industry dominated by giants. Jane Lanhee Lee reports.
Reports indicated Tuesday morning that CBS ($CBS) and Viacom ($VIA) have reached an agreement in principle to merge, with Viacom shareholders receiving nearly 0.6 CBS shares for each Viacom share they own.