Reuters: U.S.

Tuesday, August 13, 2019

Breaking News: CBS, Viacom reach merger deal

 
 
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CBS, Viacom reach merger deal
Top media companies CBS and Viacom have agreed to merge, setting the stage for a combined entertainment company with more than $28 billion in revenue.

In a statement on Tuesday, the firms announced the combined company – ViacomCBS Inc – will control an extensive library of content as well as a portfolio that includes CBS, Showtime, Nickelodeon, MTV, BET, Comedy Central and Paramount Network.
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