CBS and Viacom to merge, reuniting the storied network with Comedy Central, MTV and Paramount Pictures
After years of on-again, off-again merger talks, broadcast giant CBS and its corporate sibling Viacom finally agreed to reunite in a $12-billion deal that will bring together such well-known brands as CBS, MTV, Nickelodeon and Showtime.
Comcast triumphed over the Walt Disney in a hard-fought battle for Sky television, by offering $39 billion for the satellite-TV service that has 23 million customers in five European countries. Sky’s independent board members must approve the winn
Walt Disney Co.
Rupert Murdoch is one of the most driven moguls in media, defying the odds for more than a half-century to build a global media empire from a small newspaper in Australia.
An estimated 17,000 AT&T technicians in California and Nevada went on strike March 22, highlighting workplace tensions within the massive Dallas-based telecommunications giant.
Media companies are preparing for some whirlwind courtships in what’s expected to be the biggest merger bonanza in years.
Hollywood had been backing the Trans-Pacific Partnership trade pact, which President Trump formally withdrew from on Jan 23.
AT&T’s blockbuster bid for Time Warner might be a boon for investment bankers, lawyers and lobbyists, but it is anyone’s guess whether investors, employees and consumers ultimately would benefit from the combination.
Cable television company Comcast gained customers in the third quarter, bucking industry trends, and its broadcast of the Rio Summer Olympics hauled in $1.6 billion in revenue.
Most media mergers end with the old regime getting shoved out the door. But AT&T’s top executive says he plans to keep in place much of Time Warner’s management team.