Author Topic: CBS/Viacom Merger News and Updates  (Read 14018 times)

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Offline georgiapeach

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Offline georgiapeach

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Offline Mandoli

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Re: CBS/Viacom Merger News and Updates
« Reply #2 on: August 13, 2019, 02:18:02 PM »
Later than what was expected, but officially official:

Quote
CBS and Viacom have agreed to merge, ending years of on-and-off talks.

The new company will be called ViacomCBS, and Viacomís CEO, Bob Bakish, will be the CEO of the combined company. Joe Ianiello, who was serving as CBS CEO since last year, will be the chairman of CBS and will be in charge of CBS assets after the merger.

Link: CBS and Viacom reach merger deal, ending years of discussions [CNBC]
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Offline georgiapeach

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Offline theschnauzers

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Re: CBS/Viacom Merger News and Updates
« Reply #4 on: August 18, 2019, 04:14:17 AM »
Keep an eye on whoís in charge of what. Within a year, itís very likely there will be NO revenants of the Moonves era at CBS in the corporate suite of ViacomCBS. (And with Julie Chen Moonves contract being up in September and the cancellation of all four CBS drama summer series, itís quite likely the summer schedule will be quite different. (Love Island is a post-Moonves series.)
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Offline jb542

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Re: CBS/Viacom Merger News and Updates
« Reply #5 on: August 19, 2019, 08:10:21 PM »
Keep an eye on whoís in charge of what. Within a year, itís very likely there will be NO revenants of the Moonves era at CBS in the corporate suite of ViacomCBS. (And with Julie Chen Moonves contract being up in September and the cancellation of all four CBS drama summer series, itís quite likely the summer schedule will be quite different. (Love Island is a post-Moonves series.)

Joe Ianniello (current CBS CEO) will remain in his position, but will just report to the ViacomCBS CEO now. Also, I read on Deadline that Love Island was Les Moonves' last CBS pick up.

Offline BourkieBoy

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Re: CBS/Viacom Merger News and Updates
« Reply #6 on: October 30, 2019, 04:20:43 PM »
CBS & Viacom will merge in December!

https://tvtonight.com.au/2019/10/cbs-viacom-to-merge-by-december.html

What does it mean for you Yanks and it could very well effect Network 10 over here in Australia, which airs Australian Survivor and TAR Australia...
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Offline jb542

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Re: CBS/Viacom Merger News and Updates
« Reply #7 on: December 04, 2019, 04:02:23 PM »
CBS and Viacom have officially merged. New website: viaCBS.com

Offline BourkieBoy

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Re: CBS/Viacom Merger News and Updates
« Reply #8 on: January 15, 2020, 04:19:00 PM »
Quote
10 CEO Paul Anderson has added Executive Vice President, ViacomCBS Networks Australia and New Zealand to his portfolio duties, following the merger of Viacom and CBS Corporation.

He will additionally have local oversight of Viacomís family of flagship pay TV networks Ė including Comedy Central, MTV, Nickelodeon and Nick Jr. Ė and a range of associated businesses, as well as 10ís platforms.

Ben Richardson, who is General Manager of Viacomís existing networks operations in Australia and New Zealand, will now report to Anderson as GM, SVP, ViacomCBS Pay Networks and Network 10 Business Development.

David Lynn, CEO, ViacomCBS Networks International, said: ďThe progress that Network 10 has made under Paulís leadership in strengthening its schedules, rebranding its portfolio and accelerating its streaming strategy has been impressive. I am convinced that operating our combined free-to-air, pay TV and digital assets as a single portfolio will add value to our business in Australia and I look forward to working with Paul, Ben and the rest of the team to bring an even more effective and engaging offer to local audiences.Ē

ďI am thrilled to take on this new and exciting role. The ViacomCBS merger combined with Network 10 creates a unique and powerful media group in the local market, bringing together some of the most innovative entertainment and media brands in Australia and across the world. That will be great news for viewers and advertisers as we build a multi-platform business as part of this new global content powerhouse. Iím looking forward to working with our great team to capitalise on the many opportunities ahead of us,Ē said Anderson.

Maria Kyriacou, who most recently was President of International for ITV Studios, will now join as President, ViacomCBS Networks UK & Australia

https://tvtonight.com.au/2020/01/paul-anderson-to-oversee-viacomcbs-in-aus-nz.html
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Offline georgiapeach

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Offline georgiapeach

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Re: CBS/Viacom Merger News and Updates
« Reply #10 on: January 01, 2021, 09:16:03 PM »
https://www.hollywoodreporter.com/thr-esq/viacom-shareholders-get-judges-ok-to-pursue-unfairness-of-cbs-merger

Wow.

 "After carefully reviewing the complaint, I am satisfied it adequately pleads a reasonably conceivable basis to infer that the controller achieved a non-ratable benefit from the Merger to the detriment of Viacomís public stockholders. Thus, at this stage, and without prejudice to Defendantsí right to argue otherwise on a more developed record, I am satisfied that NAIís conduct with respect to the Merger should be reviewed for entire fairness."

The judge not only allows shareholders to take on Redstone and NAI, but also those who served on Viacomís transaction committee who allegedly allowed themselves to become "servile tools in Ms. Redstoneís relentless pursuit of a Viacom/CBS combination to advance her interests."

The only thing that the shareholders don't get at this juncture is the go ahead to pursue Bakish as well in the lawsuit. The judge says there is not a single allegation in the complaint of wrongdoing by him.
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Offline georgiapeach

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Offline georgiapeach

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Offline georgiapeach

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Re: CBS/Viacom Merger News and Updates
« Reply #13 on: July 21, 2021, 09:45:37 PM »
Speaking of potential blockbuster deals, Comcast and ViacomCBS are reportedly eyeing a partnership to bolster their respective streaming services overseas, The Wall Street Journal reports. Comcast CEO Brian Roberts and ViacomCBS Chairman Shari Redstone recently talked about NBCUniversalís Peacock and ViacomCBSís Paramount Plus packaging globally. ď[A]s Peacock gained scale in the US, we see compelling ways we can expand internationally,Ē Roberts said during Comcastís Q1 earnings call in April. Talk of a partnership comes at a time of large media M&A deals, including WarnerMediaís merger with Discovery and Amazonís proposed acquisition of MGM Studios. Viacom and CBS were bandied about for years as potential acquisition targets, and though Comcast is looking at such deals where it can find them, itís not planning to merge with ViacomCBS, according to the journal.

https://www.adexchanger.com/ad-exchange-news/wednesday-21072021/
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