CBS


Moonves receives Upfronts ovation as Redstone legal battle heats up

CBS chief Leslie Moonves (pictured) received a standing ovation from buyers at its Upfronts presentation last night, as the company faces a crunch after launching a lawsuit against its controlling shareholders, the Redstone family, on Monday. In an atypical Upfront presentation, Moonves walked out to a standing ovation from a sizeable portion of the crowd […]

US networks prepare for Autumn 2018, CBS to reboot Magnum PI

In recent days, the big four US networks have started unveiling their plans for the all-important autumn season. Among key developments is the news that CBS is to reboot iconic 1980s series Magnum PI (pictured). The show, which made Tom Selleck a household name, is being produced by CBS Television Studios, Davis Entertainment, Perfect Storm […]

Viacom makes $2.8bn counteroffer to CBS

Viacom has made a counter-offer that asks for $2.8bn more from CBS than the company valued earlier this month. The move follows CBS’ below-market bid for the company six days ago, which near threatened the merger all together. A CNBC report states that Viacom has now asked for 0.68 shares for each Viacom class B […]

CBS to make below-market bid for Viacom

CBS is set to make an all-stock offer for Viacom that prices the US company below its current market valuation, according to reports. Reuters revealed earlier today that the “unusual” merger move may threaten the negotiation, which would see the two media giants reunite after 13 years. The report states that CBS chief Leslie Moonves […]

NBCU has ‘best US skinny bundle’ networks

NBCUniversal networks were the group of channels that most US viewers would choose if they had to select package of five channels groups for a ‘skinny TV plan’, according to The Diffusion Group. The research firm found that the ‘big-four’ broadcast network groups occupied the top five slots when viewers were asked which they would […]

TBI Weekly: The OTT ‘arms race’ heats up

This week, it seems that almost every major TV player is claiming their stake in the OTT business and, more so, each player is claiming to be the best. It’s CBS COO Joseph Ianniello who, this week, compared the OTT ecosystem to an arms race, and with the host of competitors joining this space in the […]

Discovery eyes global OTT after closing Scripps deal

Discovery has completed its US$14.6 billion takeover of US cable rival Scripps Networks Interactive, and is now looking to the OTT opportunities the new scale provides. The new look group comprises channels such as Discovery Channel, Travel Channel, TLC, HGTV and Animal Planet among others, and owns over 8,000 hours of programming. Following completion of […]

YouTube TV ups price and adds Turner channels

YouTube TV is set to up its price from US$35 to US$40 per month, has added a host of Turner channels, and plans to up its sports output. The news came as YouTube said it will also expand its over-the-top pay TV service to 100 top US markets in the coming weeks. YouTube is adding […]

Burnett & Darnell create ‘entertainment Olympics’ show for CBS

Mark Burnett and Mike Darnell (below right) have joined forces to conjure up the “Olympics for entertainment” – a format called The World’s Best for US broadcaster CBS. The format is being billed as a “first-of-its-kind global talent competition that features acts from every genre imaginable, from every corner of the planet”. Each episode will […]

Viacom & CBS formally exploring new merger proposal

Viacom and CBS are once again formally dating – with exploratory boards created at both companies to look into a merger. Both companies yesterday released statement confirming they had each formed a special committee of independent directors to “evaluate a potential combination” with the other. Previous attempts at merging the two US media giants, which […]

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