Shari Redstone


TBI Weekly: ViacomCBS, a US deal with global implications

CBS and Viacom’s merger might have created a $30bn US-based content company but a foray into their assets reveals a swathe of interests that stretch far beyond American shores, with implications for companies in the UK, Argentina, Australia, India and beyond. In one light, the deal is simply the latest salvo in the long line […]

ViacomCBS eyes further acquisitions after merger

Discovery and Sony Entertainment have been mooted as potential targets for ViacomCBS as it looks to bolster the newly merged company with further acquisitions, following the creation of the $30bn outfit yesterday. The long-awaited merger will see brands including CBS, Showtime, Nickelodeon, MTV, BET and Comedy Central coming under one roof, along with CBS Television […]

CBS, Viacom conclude long-awaited merger

CBS and Viacom have agreed a long-awaited merger deal that will see the two businesses operate as ViacomCBS Inc. moving forward. The deal comes after months of speculation around a merger – the third such attempt since 2016, when a reunification of the two businesses was first explored. New leadership has been set out, with […]

CBS board to meet over Moonves sexual harassment claims

The board of CBS Corporation is set to meet today to determine how the company will formally react to recent sexual harassment allegations aimed at CBS chief Leslie Moonves. The move arrives after six women detailed cases of sexual harassment on a report published by Ronan Farrow on The New Yorker. Farrow is the same […]

CBS shareholders launch class action lawsuit against National Amusements

CBS shareholders have officially launched a class action lawsuit against its majority stakeholder National Amusements, investment firm of Sumner Redstone and family. The suit claims that National Amusements, now run by Redstone’s daughter Shari Redstone, has breached its fiduciary duty. Class B shareholders of CBS claim that Redstone has not acted in the company’s best […]

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 […]

Paramount chief Grey exiting ahead of network launch

Paramount Pictures chairman and CEO Brad Grey is stepping down after twelve years with Viacom. For TV execs, the news comes ahead of the establishment of the Paramount Network, which Viacom president and CEO Bob Bakish has placed at the centre of his plans to turn around the giant media business. Paramount Television and Digital […]

Official CEO in as Viacom-CBS merger crumbles

Bob Bakish has been named permanent president and CEO of Viacom after the potential re-merger with CBS evaporated. Bakish has been acting CEO since November 15 after Tom Dooley stepped down from his interim post, and will now become full-time chief. The appointment came after Viacom confirmed media reports yesterday that revealed the merger with […]

Bakish ‘set for interim Viacom CEO role’

Viacom’s international president and CEO, Bob Bakish, is set to be named interim chief executive of the wider business as the possibility of a merger with CBS is explored. Bloomberg cited unnamed sources as saying Viacom International Media Networks boss Bakish was “close” to landing the post. Current interim CEO Tom Dooley is leaving the […]

Viacom, CBS explore merger

Viacom and CBS have formed special committees to explore combining the two companies. National Amusements, which owns controlling stakes in both firms, last week urged the pair to look at merging. Viacom responded by forming a special committee that comprises independent directors Thomas May and Nicole Seligman, who will act as co-chairs, and Kenneth Lerer, […]

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