HEAVY TALK OF A VIACOM-CBS MERGER – FBN

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HEAVY TALK OF A VIACOM-CBS MERGER – FBN

FOX Business Network’s (FBN) Charlie Gasparino reports that Shari Redstone has been “looking, talking, and planning” a possible merge of Viacom and CBS. Gasparino went on to say Redstone would like the CEO of CBS Les Moonves to run the company, however, as of now, Moonves is “not against the merger, but he’s not necessarily for it.”

 

http://www.foxbusiness.com/markets/2016/08/25/cbs-viacom-better-together-moonves-may-be-wildcard.html

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Excerpts from the report are below

 

On the possible merging of Viacom and CBS:

“From sources close to the company’s board, we know Shari Redstone is looking, clearly prodding, talking, and planning, a possible reuniting of Viacom and CBS, bringing them together all under one roof. She would like one guy to