CBS Corp (CBSa.N)
19 Jan 2017
Viacom Inc on Thursday named Sarah Levy, the chief operating officer of its Nickelodeon network, COO of its global entertainment group, as new Chief Executive Bob Bakish seeks to turn around the ailing media company.
CBS Corp has signed a deal to have its broadcast network and some cable programming on Hulu's live streaming service, which is expected to go live this year, the companies said Wednesday.
Sumner Redstone's holding company National Amusements Inc's decision to abandon a merger of its prized media assets, CBS Corp and Viacom Inc, leaves them under pressure to buy or partner with peers in an industry where scale matters.
NEW YORK Media mogul Sumner Redstone and his daughter Shari called off their failed effort to merge CBS Corp and Viacom Inc on Monday, sending shares of Viacom - widely viewed as the weaker company - down almost 8 percent. | Video
Shari Redstone, vice chair of Viacom Inc and the daughter of controlling shareholder Sumner Redstone, has withdrawn her support for a merger between CBS Corp and Viacom, CNBC reported on Monday.
* Viacom waiting for CBS to make offer; Viacom delivered presentation to CBS last Wednesday - CNBC, citing sources
The top priorities of Viacom Inc's acting president and chief executive are improving key relations with affiliates as well as the struggling media company's internal culture, Bob Bakish told Reuters at the end of his first week on the job.
Nov 28 The top priorities of Viacom Inc's acting president and chief executive are improving key relations with affiliates as well as the struggling media company's internal culture, Bob Bakish told Reuters at the end of his first week on the job.
* Sets quarterly dividend of $0.18 per share Source text for Eikon: Further company coverage:
AT&T has signed a deal with Fox Networks Group to continue showing its networks across its offerings including its online video service, DirectTV Now, the two companies announced on Monday.
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