Reality > Breaking News

ViacomCBS Chief Bob Bakish Tells Investors Merger Removes “A Big Uncertainty”

9 days ago   |   By Deadline

Investors long ago factored in the expected reunion of CBS and Viacom to their valuation of the companies' stock prices, so Wall Street's reaction to the confirmation of the merger was understandably muted. CBS gained a bit less than 2% to finish the day at $48.81, while Viacom also climbed nearly 2% to close at $29.05....
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ViacomCBS Merger Caps Hollywood's ‘Eat or Get Eaten' Consolidation Era

9 days ago   |   By The Wrap

The long-expected ViacomCBS merger on Tuesday caps a wave of mergers in the entertainment industry that begs the question: Are we done yet?
In the last two years alone, Disney swallowed Fox. AT&T ingested Time Warner. Discovery ate Scripps Network. Comcast, which already owns NBCUniversal, inhaled Sky. And now Viacom has melded with CBS.
The result is a vastly reduced entertainment landscape, even as the technology giants - principally Netflix and Amazon - have entered the arena. Entertainment brands that were dominant for half a century or more are being reduced to divisions of larger...
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‘Star Trek' Poised To Become New Marvel? CBS & Viacom Merger Brings Franchise Under One Fleet

9 days ago   |   By Deadline

The introduction of Spock last season on CBS All Access' Star Trek: Discovery may be the first in many final frontiers for the fabled franchise now that Paramount owner Viacom and CBS are about to hit the warp drive to corporate reunification. Taking a page from the now Fox-expanded Disney book, new ViacomCBS kingpin Bob...
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Tuning Out Merger Noise, CBS Preps For 60th NFL Season, Forecasting Ratings

9 days ago   |   By Deadline

CBS Sports chief Sean McManus kicked off the network's NFL media day Tuesday by acknowledging the obsession of many in the room: the company's long-expected merger with Viacom. “Anything going on at CBS?” he joked, hours before the deal became official. “There's nothing going on corporately. It's been quiet on the CBS corporate front.” When...
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Viacom-CBS Merger: Read The Memos From Bob Bakish And Joe Ianniello

9 days ago   |   By Deadline

Cementing the long-awaited merger of CBS and Viacom, the heads of each company, Bob Bakish at Viacom and Joe Ianniello at CBS, conveyed the news to their troops without sugarcoating the “challenges” of uniting two large organizations. Ending years of on-again, off-again discussions, the companies said Tuesday they are officially coming together in a new...
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CBS' Joe Ianniello Loses Oversight Of Showtime & Pop To Viacom's Bob Bakish In Merger Chess Moves; David Nevins Serves Two Kings, For Now

9 days ago   |   By Deadline

Joe Ianniello may now be the CEO of CBS but the long-time executive has had to ceded some Showtime territory to big boss Bob Bakish as Viacom and the home of Blue Bloods hooked up again after a 13-year break. A move that leaves David Nevins now answering to two kings, at least for the...
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CBS and Viacom Announce Long-Awaited Merger - Viacom Valued at $12 Billion

9 days ago   |   By The Wrap

After years of starts and stops, CBS and Viacom are finally getting back together. The two companies announced their long-awaited merger on Tuesday
The two companies agreed to an all-stock deal that valued Viacom at roughly $12 billion. CBS shareholders will own approximately 61% and Viacom shareholders will own approximately 39% of the new company, which is named ViacomCBS. In making the announcement, ViacomCBS touted an annual revenue of $28 billion.
Viacom CEO Bob Bakish, as expected, will lead the newly combined company as president and CEO, with Joe Ianniello named chairman and CEO of...
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2019 Need For Speed Game To Finally Be Announced Tomorrow

2019 Need For Speed Game To Finally Be Announced Tomorrow

9 days ago   |   By Screen Rant

Need for Speed is coming back in 2019, as Electronic Arts and developer Ghost Games have confirmed that a new entry in the series is due out this year. EA's long-running racing series began in 1994 with The Need for Speed and has spawned over 20 different entries since its debut. Its most recent installment, developer Ghost Games' Need for Speed Payback , debuted two years ago in 2017. We've heard little about the next installment in the series since then, save a surprise announcement by way of the developers themselves. Related: Need For Speed Payback Review - A Great Start is Ruined By...
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CBS, Viacom Reach Deal to Form $30B Media Company

9 days ago   |   By NBC

After three years of negotiations, CBS and Viacom are coming together to form a new $30 billion company, controlled by Shari Redstone and cementing her status as possibly the most influential woman in media, NBC News reported. The merger comes at a time when upheaval in the traditional pay-TV market and the rise of digital streaming services have changed the economics of the entertainment industry and pressured media companies to either grow larger or sell themselves off. With streaming video companies like Netflix now the leading story, CBS and Viacom are fusing their war chests to better...
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Viacom and CBS announce merger after three years, will be renamed Viacomcbs

9 days ago   |   By CNBC

Viacom and CBS will be merged into one after an all-stock deal. The deal will give Shari Redstone control over both companies once again.
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CBS And Viacom Finally Re-Tie The Knot, Merging After 13 Years As Separate Companies

9 days ago   |   By Deadline

Ending years of fitful discussions that played out against a backdrop of operatic corporate drama and media industry consolidation, CBS and Viacom have finally agreed to merge. The deal reunites them in an entity to be called ViacomCBS after 13 years of operating as separate media companies. Under the deal, Viacom shareholders will get 0.59625...
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CBS and Viacom Announce Long-Awaited Merger

9 days ago   |   By The Wrap

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 companies agreed to an exchange ratio of 0.59625 a share of CBS for each of Viacom's for the all-stock merger.
Viacom CEO Bob Bakish, as expected, will lead the newly combined company as its chief executive, with Joe Ianniello named chairman and CEO of CBS Networks. Ianniello has been serving as acting president and CEO since last September, following the resignation of Leslie Moonves.
The deal puts...
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