Tag Archives: station

CBS is merging with Viacom

CBS is merging with Viacom after months of negotiations, reuniting the two companies for the first time since they split in 2005. The deal will increase CBS’s content offering to customers — a growing importance as the streaming wars heat up. Julia Alexander, The Verge » https://ift.tt/2YIipIZ
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CBS Stock Jumps At Opening Bell, Viacom Sinks As Merger Deal Nears Close

The boards of both companies worked through the weekend to hammer out terms of their long-expected reunion, with the amount of stock being exchanged between the companies remaining the main sticking point. The companies earlier had reached significant clarity about the management structure, agreeing that current Viacom CEO Bob Bakish would run the combined company, with acting CBS chief Joe Ianniello in a top role. – Dade Hayes, Deadline Hollywood » http://dlvr.it/RB5jLV

CBS, Viacom Reach Tentative Management Structure for Combined Company

The agreement remains fluid, according to people familiar with the situation, but calls for Viacom CEO Bob Bakish to take the reins of a combined Viacom and CBS, with Joe Ianniello, acting CEO of CBS Corp. being offered a position overseeing all of the CBS-branded assets at a newly merged concern. Christina Spade, CBS’ chief financial officer, could become the CFO of the new company, these people said. – Brian Steinberg, Variety » https://trib.al/OudAfOd

ABC, CBS, Fox and NBC sue free broadcast streaming service Locast

Locast is a free service that streams full-power broadcast channels in local markets to anyone with an internet connection located within the relevant Nielsen Designated Market Area (DMA). Locast’s operational costs do not include licensing fees paid to broadcasters. The organization relies on a statute within the Copyright Act that allows a non-profit organization to retransmit local broadcast signals. – Ben Munson, FierceVideo » https://ift.tt/333KoBm

Disney and Charter are talking about carriage fees, and the outcome could affect how much you pay for cable in the streaming era

Content providers who have long pushed for higher carriage fees could face severe pushback from pay-TV providers who say that linear networks aren’t as valuable because so much content is available online — not only at Netflix and Amazon, but now within the content companies’ own streaming products. Moreover, if customers do flee the pay-TV bundle for streaming services, pay-TV providers may want to cut content spending even more to keep costs down. – Alex Sherman, CNBC » https://cnb.cx/32pUcVV
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