Redstone weighs CBS-Viacom merger with or without Moonves
Wednesday, 11 April 2018 NEW YORK (Reuters) - As she seeks to combine CBS Corp and Viacom Inc into a single company, media mogul Shari Redstone risks losing her most talented executive, whose leadership could be critical to ensuring the proposed merger succeeds.
CBS vice-charwoman Shari Redstone will reportedly fire the network's CEO Les Moonves if a negotiations on a merger with Viacom fall through. According to reports, Moonves, who would lead the combined company for two years after the deal closes, wants his current No. 2 chief operating officer Joe...
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..