ViacomCBS is born as merger finally closes
Published on Dec 05, 2019
Official trading begins on Thursday.
Amid question marks over how it will compete against media giants like Disney, Netflix and AT&T, the ViacomCBS merger finally closed on Wednesday (4) as the companies that Sumner Redstone split apart close to 14 years ago were reunited.
The new entity is valued at approximately $25bn and encompasses cable networks such as Showtime, Nickelodeon and MTV, Paramount Pictures, Us broadcast networks CBS and the CW, as well Australia’s Network Ten, the UK’s Channel 5, Argentina’s Telefe, and a joint venture in India with that country’s TV18.
As Screen reported in August, ViacomCBS
Read full article at: ScreenDaily
Author: 36¦Jeremy Kay¦54¦