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Stock impact report

Shari Redstone wants new CBS directors, renews push to merge CBS and Viacom [FOX Business Network]

Via Renewables, Inc. - Class A (VIA) 
US:NASDAQ Investor Relations: ir.viacom.com
Shari Redstone is advocating for new blood on the board of CBS Corp. ( CBS ) as she renews her push to merge the company with Viacom Inc. ( VIAB ), according to people familiar with the matter. Continue Reading Below Earlier this month, Ms. Redstone reached out to CBS Chief Executive Leslie Moonves to jump-start talks about merging CBS and Viacom -- potentially as soon as this quarter, the people said. Mr. Moonves has resisted the idea in the past and still has concerns, people familiar with the matter said. The Redstones control CBS and Viacom through their National Amusements Inc. holding company. Ms. Redstone reluctantly pulled the plug on an earlier exploration of such a combination in late 2016, but she has never stopped believing that the deal made sense, the people said. She saw the recent wave of consolidation in the media industry -- particularly 21st Century Fox's agreement to sell most of its assets to Walt Disney Co. -- as a clear sign Show less Read more
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