, Columnist
Disney Lights Fire Under CBS, Redstone
CBS and Viacom need more scale as rivals link up.
This article is for subscribers only.
Nothing like a little competition to get the M&A juices flowing, eh, CBS?
Word has it that Shari Redstone, the de facto decision maker at CBS Corp. and Viacom Inc., is reexamining a merger of her ailing father's two media companies. Les Moonves, CBS's chief, is also reportedly coming around to the idea of taking the troubled Viacom media assets under his wing -- a plan he helped steer Redstone away from in late 2016. As I've been saying in recent weeks, it was only a matter of time before CBS-Viacom would be back on the table.