CBS


CBS misses predictions but remains positive

CBS has once again failed to meet Wall Street estimates, with Q3 results being hamstrung by a now-resolved 19-day carriage dispute with AT&T. The broadcaster’s revenue grew slightly by 1% to US$3.3 billion year-over-year, but missed estimates by US$60 million.  Investment in big-budget content also resulted in a dip of operating income by 21% year-over-year, […]

Distribution partners will remain at core of ViacomCBS strategy, says Bakish

Bob Bakish has said that distributor and ad partnerships remain the “bedrock” of the strategy for the combined ViacomCBS going forward.   The Viacom CEO – a regular at the annual MTV European Music Awards, taking place this weekend – was addressing attendees at a pre-awards showcase in Seville, Spain, on Saturday (2 November), where […]

ViacomCBS names Phelps as CCO and CMO

The newly formed ViacomCBS has bolstered its board with the appointment of Julia Phelps as its executive vice president, chief communications and corporate marketing officer. Phelps will assume the role upon the closing of the deal – expected before the turn of the year – and will report directly to CEO Bob Bakish. In the […]

OTT platforms to benefit from CBS/Viacom merger “in the very near future”

The OTT platforms of ViacomCBS will see a boost from the just-concluded merger “quite soon”, the company’s top execs have confirmed. Speaking on a conference call, CBS chairman and CEO Joe Ianniello identified direct-to-consumer streaming as one of the company’s key pillars of growth, and said that the breadth of content made available by the […]

CBS and Viacom confirm merger

The on-again, off-again reunification of CBS and Viacom has finally reached its end, with the companies announcing a definitive agreement to combine.  The deal, struck on August 13, will create a company with more than US$28 billion (€25 billion) in revenue and boast the largest share of US TV audience of any broadcaster (22%). In […]

CBS and Viacom agree merger price

CBS and Viacom have reached an agreement to re-merge the companies after 13 years apart. According to sources speaking to Reuters, the companies have agreed that Viacom shareholders will receive 0.59625 CBS shares for each share they own. This represents a slight discount to Viacom’s closing price on Friday. While we await an official confirmation, […]

Two-thirds of CBS All Access subs opt for ads, with viewing time up 60%

Two-thirds of subscribers to CBS All Access, the broadcaster’s VOD service, have opted for the ad-supported tier. Speaking on the company’s Q2 earnings call, acting CEO Joe Ianniello confirmed that the majority of users “are taking the limited commercial option”. The service is available with advertising for US$5.99 per month, or without advertising for US$9.99 […]

CBS and Viacom deal to miss August 8 deadline

CBS and Viacom are unlikely to reach an agreement for the merger of the companies in time for the former’s earnings release. According to CNBC sources, the broadcast giants had originally hoped to have a deal in place by August 8.  The one remaining issue in place is reportedly the exchange ratio, which is still […]

CBS and Viacom agree on management team for merged company

The on-again, off-again CBS/Viacom merger looks to be entering its final stages, with the companies reportedly agreeing upon a management team that will lead the merged business. As reported by the Wall Street Journal, Viacom boss Bob Bakish will be the CEO of the new-look company, with acting CBS CEO Joe Ianniello set to be […]

Big four American networks sue Locast

ABC, CBS, NBC and Fox have filed a lawsuit against Locast. Locast, founded by former DISH executive David Goodfriend, is a relatively new service that attempts to fill the gap for cord-cutters, offering access to local stations over the internet for 17 markets. The platform uses geolocation to ensure that viewers can only view stations […]