{"id":7352,"date":"2016-09-29T09:49:14","date_gmt":"2016-09-29T13:49:14","guid":{"rendered":"http:\/\/worldscreen.com\/tvusa\/national-amusements-proposes-combination-of-cbs-viacom\/"},"modified":"2016-09-29T09:49:14","modified_gmt":"2016-09-29T13:49:14","slug":"national-amusements-proposes-combination-of-cbs-viacom","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvusa\/national-amusements-proposes-combination-of-cbs-viacom\/","title":{"rendered":"National Amusements Proposes Combination of CBS &#038; Viacom"},"content":{"rendered":"<p>NORWOOD: National Amusements has asked the boards of CBS and Viacom to consider a potential combination of the companies.<\/p>\n<p>National Amusements, the owner of a majority of CBS and Viacom\u2019s voting stock, told board members it believes the combination of CBS and Viacom &#8220;might offer substantial synergies that would allow the combined company to respond even more aggressively and effectively to the challenges of the changing entertainment and media landscape.&#8221;<\/p>\n<p>The letter to board members, signed by CEO Sumner Redstone and President Shari Redstone, requests that the board of each company takes the appropriate steps to consider the proposed transaction. &#8220;We believe that any transaction should be the result of full and fair deliberation and negotiation, and that any transaction would proceed only if it is approved by each board.&#8221;<\/p>\n<p>Sumner Redstone, Shari Redstone nor David Andelman will vote as directors on the consideration of the proposed merger and none will participate in any of the related deliberations.<\/p>\n<p>&#8220;We believe moving forward expeditiously, but with due care, is important and we are prepared to be of assistance to the two companies as they explore this possibility,&#8221; the letter concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NORWOOD: National Amusements has asked the boards of CBS and Viacom to consider a potential combination of the companies.<\/p>\n","protected":false},"author":350,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[239,847,557],"class_list":["post-7352","post","type-post","status-publish","format-standard","","category-top-stories","tag-cbs","tag-national-amusements","tag-viacom"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>National Amusements Proposes Combination of CBS &amp; Viacom - TVUSA<\/title>\n<meta name=\"description\" content=\"NORWOOD: National Amusements has asked the boards of CBS and Viacom to consider a potential combination of the companies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/worldscreen.com\/tvusa\/national-amusements-proposes-combination-of-cbs-viacom\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"National Amusements Proposes Combination of CBS &amp; 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