CBS


CBS and Viacom reportedly pencilling August merger deal

CBS and Viacom have agreed an August 8 internal deadline to come to a merger agreement, according to CNBC. The news channel said that both companies had agreed to set the August deadline on the day both are due to report Q2 earnings, citing unnamed sources. While an actual announcement could be made sooner, or […]

CBS gearing up for Viacom offer

CBS is preparing to make a bid to purchase Viacom, a new report claims. This news looks like it could be the final chapter in a long-running drama of an acquisition, with this being the third time in as many years that the companies have explored a merger. According to a report in the Wall […]

CBS reportedly prepping for Viacom merger talks

CBS’ board is getting set for possible merger talks with Viacom, according to a report by CNBC. According to the news channel, citing unnamed sources, talks between the two are set to begin in mid-June, although they could begin before that. CNBC reports that Viacom CEO Bob Bakish would likely be in line to lead […]

CBS and AMC UK JV launches on-demand players on YouView

The CBS AMC UK Channels Partnership, a joint venture between AMC Networks International and CBS Studios International, has launched its branded, on-demand players Horror Bites and CBS Catchup Channels UK –on YouView, the hybrid television platform JV between the BBC, ITV, Channel 4, Channel 5, BT, TalkTalk and Arqiva. Horror Bites and CBS Catchup Channels […]

Australia’s Network 10 teams up with CBS for All Access SVOD

Australia’s Network 10 has teamed up with CBS to launch a version of the US network’s subscription video-on-demand service, CBS All Access. The new service, 10 All Access, has launched with 7,000 episodes of content from CBS and 10 available to Australian viewers for A$9.99 a month, with the first month free for new subscribers. […]

Moonves steps down from CBS

Over the weekend CBS chairman and CEO Leslie Moonves stepped down from his role after 24 years with the company. Moonves released an official statement on Sunday revealing his departure, after battling repeated accusations of sexual harassment. Initial harassment claims were made in July, after Ronan Farrow published details of claims made against the executive […]

Troubled CBS beats analyst expectations

CBS has reported growth across the board for its second quarterly earnings, beating analyst expectations, and despite recent controversy surrounding its chairman and CEO Leslie Moonves (pictured). Particular strengths included its revenue growth, which increased by 6% for the second quarter for 2018, to US$3.47 billion (€2.99 billion). This is up from $3.26 billion from […]

CBS board orders full investigation of Moonves allegations

The CBS board of directors has brought in legal firms Covington & Burlington and Debevoise & Plimpton to conduct a full investigation into recent harassment allegations against chairman and CEO Leslie Moonves and wider cultural issues at CBS. At Covington & Burling the investigation will be led by Nancy Kestenbaum, and at Debevoise & Plimpton […]

CBS board mulls Moonves’ future following sexual harassment claims

The board of CBS Corporation is set to meet today to determine how the company will formally react to recent sexual harassment allegations aimed at CBS chief Leslie Moonves. The move arrives after six women detailed cases of sexual harassment on a report published by Ronan Farrow on The New Yorker. Farrow is the same […]

CBS shareholders launch class action suit against Redstone family vehicle

CBS shareholders have officially launched a class action lawsuit against its majority stakeholder National Amusements, the investment firm of Sumner Redstone and family. The suit claims that National Amusements, now run by Redstone’s daughter Shari Redstone, has breached its fiduciary duty. Class B shareholders of CBS claim that Redstone has not acted in the company’s […]