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Viacom Inc. (NASDAQ:VIAB, VIA) today announced that its board of directors has received a letter from National Amusements requesting that it explore a potential combination of Viacom and CBS.
The companies will be asked to merge by Sumner Redstone's National Amusements, the controlling shareholder of both companies, Reuters reported. Shares in both stocks rose on the report.
National Amusements, Inc., the owner of a majority of CBS and Viacom's voting stock, today announced that it has asked the boards of CBS and Viacom to consider a potential combination of the companies.
Crude oil slips early Thursday after prices spiked following a surprise agreement by OPEC members to curb production; U.S. stock futures edge higher; Pepsico's earnings tops estimates.
National Amusements, the controlling shareholder of Viacom (VIAB) and CBS (CBS), could reportedly call upon the companies to explore a merger this week.
The TV production group could reportedly be valued at up to $1 billion.
Today, BET Networks revealed its first talent confirmed for Soul Train Weekend 2016.
BTIG Analyst Rich Greenfield told CNBC Wednesday that a merger between Viacom and CBS is a logical next step after Viacom announced that CEO Tom Dooley will depart in November.
The beleaguered company said interim CEO Tom Dooley would leave the company all while nixing the prospective sale of its Paramont stake and cutting its dividend.
Viacom (VIAB) announced this morning that it is halving its dividend and interim CEO Tom Dooley is leaving the company.
Viacom Inc. (NASDAQ:VIAB and VIA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.
Following a comprehensive review of Viacom's (NASDAQ:VIAB, VIA) capital structure and operating budget, the Viacom Board today announced measures to improve the Company's financial flexibility and position it for future...
The intrepid crew of the USS Enterprise returns in "the best action movie of the year" (Scott Mantz, "Access Hollywood").
Nickelodeon announced today the start of production for a brand-new original TV movie, Escape from Mr.
Viacom's (VIAB) stock rating was reduced to 'hold' at Stifel on Monday morning.
The son of Rupert Murdoch and co-chairman of the company couldn't hide frustrations that the market is valuing Fox's shares below its peers. But investors have their reasons.
Despite two challenging quarters, the streaming media giant's profit potential is large and under-appreciated, says an analyst at RBC Capital Markets.
Viacom's newly expanded board will meet for the first time on Wednesday to discuss a weakening capital structure that has Wall Street analysts calling for a cut to its dividend.
Viacom's (VIAB) stock rating was boosted to 'buy' at Brean Capital on Tuesday.
The BET "HIP HOP AWARDS" has remained the most prominent hip hop showcase on television for ten years with its powerful performances, iconic hip hop honorees and much-anticipated cyphers.
Nickelodeon today announced superstar Gwen Stefani's animated series Kuu Kuu Harajuku will premiere exclusively on the network in the U.
Earnings have missed only once in 8 quarters, but they've declined the past 4.
Each of these high-yield stocks offers good income. Most of them benefit from higher interest rates as well.
SlingTV has signed-up the regional college sports networks of the PAC-12, bolstering its offerings as it prepares a marketing campaign targeting pay-TV subscribers.
Liberty Media has been trying to buy the company for two years and may bring the European favorite to U.S. streets.
Producer contends film studio failed to honor distribution, promotion obligations; kept cable, streaming profits