Hints and tips:
...Viacom and CBS merged via an all-stock deal in 2019, forming a combined group that was renamed Paramount. If Paramount offers any instruction to the future, shareholders are correct to worry....
...BT Group chief executive Philip Jansen is preparing to step down next year, prompting the telecoms company to begin a search for his successor, according to two people familiar with the matter....
...Whether or not it was his first choice, the merger plan rings eerily similar to the reunification of media conglomerates CBS and Viacom, worth $13bn today — less than half of the value of the separate groups...
...The latest entrants to the race are Viacom and CBS. They’re in the process of negotiating a merger 13 years after they were split by controlling shareholder Sumner Redstone....
..., New York, April 15 1976; William Paley, chairman, CBS Inc, New York, April 13 1976; Barbara Jordan, US congresswoman (Texas), New York, July 14 1976; Frank Fitzsimmons, president, International Brotherhood...
...It meant he could never play contact sports and he was later classified as 4-F by the military....
...In May, it was the subject of a lawsuit from several CBS directors that aimed to limit the family’s power and thwart a merger of CBS and Viacom, the owner of MTV, Paramount and Comedy Central....
...Asked if News Corp might buy assets from Viacom or CBS after Sumner Redstone, their chairman, was forced into a sale of non-voting stock last week, he said: “If they were at a very reasonable price, yes....
...The digital businesses of CBS and Viacom remain small in comparison. Both still need to build up the right set of properties to create a vibrant digital media division....
...That is one spot ahead of his rival, Les Moonves, who is thriving as the head of Viacom’s sister company, CBS....
...At a Goldman Sachs conference in September, Leslie Moonves, then co-chief operating officer of Viacom, now chief executive of CBS, the broadcast operations that split from Viacom, said: “I wish the F.C.C...
...Every one of the five great US media companies – Disney, NBC Universal, News Corporation, Time Warner and Viacom – has been built through mergers and acquisitions....
...“I am still a believer in the underlying rationale behind the AOL and Time Warner merger, that the worlds of media and technology are converging.”...
...Wall Street closed mixed on Thursday as investors got to grips with a new wave of mergers and acquisitions and oil prices pulled back from record highs....
...It will also follow the example of News Corporation and Time Warner by building a presence in Asia....
...Viacom is also distracted by having to fix Paramount, its under- performing studio. Industry rivals, however, question whether the Vivendi deal was a defensive move by a network losing momentum....
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