CBS could end up with Viacom and Discovery as smaller media companies try to survive [CNBC]
Discovery, Inc. - Series A (DISCA)
Last discovery, inc. - series a earnings: 2/27 07:00 am
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Source: CNBC
CBS could end up with Viacom and Discovery as smaller media companies try to survive Michael Nagle | Bloomberg | Getty Images Shari Redstone, Vice Chair of CBS and Viacom and Co-Founder of Advancit Capital, speaks during the New York Times DealBook conference in New York, Nov. 10, 2016. The If the CBS-Viacom deal gets done, Redstone's National Amusements would like to move quickly with a second deal, the people said. Discovery Communications No talks have taken place between CBS and Discovery, said the people, who asked not to be identified because the company's plans are private. But bankers have already pitched Discovery on merging with CBS, one of the people said. Discovery CEO David Zaslav, who extended his contract CBS plans to discuss merger options at a board meeting on Thursday. The board will listen to its bankers as they present a variety of merger options, though step one is expected to be a deal with Viacom, two of the people said. Spokespeople at Discovery and CBS decline
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