Sumner Redstone Trust Restricts Sale Options for CBS, Viacom

Sumner Redstone doesn’t want his heirs to have an easy time selling off his family’s controlling stakes in media companies Viacom and CBS. And he put it in writing in his estate-planning documents.
WSJ.com: US Business

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CBS, Viacom Move Toward Merger Talks as Boards Begin to Evaluate Possible Deal

CBS Corp. and Viacom have taken the first steps toward negotiating a merger as both companies have established special board committee to evaluate a possibility of a deal. CBS said Thursday its board has assembled a committee of independent directors to “evaluate a potential combination with Viacom Inc.” Viacom said it has “retained independent legal […]

Variety

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Viacom Cements CEO Role for Bob Bakish

Viacom named Bob Bakish its CEO, removing the word “acting” from his title the same day the media company’s pursuit of a potential merger with corporate sibling CBS was called off.
WSJ.com: US Business

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Merger of CBS, Viacom Not Guaranteed, Says Shari Redstone

Investors eagerly anticipating a new merger of CBS and Viacom ought to take a pause. A recombination of the two colorful media conglomerates is not a foregone conclusion, according to one of the controlling shareholders in both companies. “Everything is possible,” said Shari E. Redstone, the vice chairman of both CBS and Viacom, who controls… Read more »

Variety

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