CBS, Viacom weigh merger again with Redstone's support [MSN Money]
CBS (CBS)
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Source: MSN Money
(Bloomberg) -- CBS Corp. and Viacom Inc., two of the biggest U.S. media companies, are again weighing a merger at the urging of their controlling shareholder Shari Redstone. Quotes in the article Both companies said Thursday they have formed special board committees to evaluate a possible combination. CBS owns the most-watched TV network, while Viacom is the owner of cable networks including Nickelodeon and Comedy Central. Redstone, 63, who assumed control of the companies from her ailing father Sumner, has been pressing CBS and Viacom to combine since September 2016. Larger competitors like Walt Disney Co. are seen as better positioned to negotiate for fees from pay-TV operators and in stronger shape to compete with online rivals like Netflix. Both companies said Thursday there’s no guarantee a deal will result. Previous talks between CBS and Viacom, which were once under a single corporate roof, collapsed in December 2016, in part over deman
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