{"id":8506,"date":"2018-02-02T11:26:02","date_gmt":"2018-02-02T16:26:02","guid":{"rendered":"http:\/\/worldscreen.com\/tvusa\/viacom-cbs-corp-evaluate-potential-merger\/"},"modified":"2018-02-02T11:56:45","modified_gmt":"2018-02-02T16:56:45","slug":"viacom-cbs-corp-evaluate-potential-merger","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvusa\/viacom-cbs-corp-evaluate-potential-merger\/","title":{"rendered":"Viacom & CBS Corp. Evaluate Potential Merger"},"content":{"rendered":"

Viacom and\u00a0CBS Corporation have formed special committees to evaluate a potential combination.<\/p>\n

The companies both issued statements that said: “There can be no assurance that this process will result in a transaction or on what terms any transaction may occur.”<\/p>\n

This marks\u00a0the first step in a potential reuniting of the companies split by Sumner Redstone more than a decade ago.\u00a0The companies previously explored a merger in 2016, but those talks fell through.<\/p>\n

Redstone’s National Amusements, which owns a controlling stake in both media companies, expressed its support of the formal start of merger talks. \u201cNational Amusements supports the processes announced by CBS and Viacom to evaluate a combination of the two companies, which we believe has the potential to drive significant, long-term shareholder value,\u201d the company said in a statement. \u201cNational Amusements does not currently intend to make any further comments regarding the process.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Viacom and\u00a0CBS Corporation have formed special committees to evaluate a potential combination.<\/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":[240,557],"class_list":["post-8506","post","type-post","status-publish","format-standard","","category-top-stories","tag-cbs-corporation","tag-viacom"],"yoast_head":"\nViacom & CBS Corp. 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