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CBS Board to Prepare for Merger Talk at Its January Meeting

  • Possibility of Viacom deal has loomed since Moonves’s exit
  • Interim CBS Chairman Strauss Zelnick will lead deliberations
CBS Corp. Offices Ahead Of Earnings Figures

Photographer: Michael Nagle/Bloomberg

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When CBS Corp. board members go to Los Angeles for their Jan. 31 meeting, they’ll have more on the agenda than just a tour of the local TV studios.

The 11-member panel is expected to discuss both the hunt for a permanent chief executive officer and the possibility of a merger with Viacom Inc., according to people familiar with the situation. The directors are likely to ask CBS’s financial advisers to look at strategic options -- including, but not limited to, a possible Viacom deal -- said the people, who asked not to be identified because the deliberations are private. A decision on whether to pursue a tie-up could come within weeks.