channel2 869 Posted April 11, 2018 Share Posted April 11, 2018 I'd love it if NAI just sold both of them, but I know that isn't happening for as long as Sumner lives. But he does intend to live forever. Link to comment Share on other sites More sharing options...
NEOMatrix 1295 Posted April 11, 2018 Share Posted April 11, 2018 Not just Les...the entire CBS board. She's really willing to kill the golden goose just to keep the cable side afloat? Wow. Moonves ought to call her bluff. He wouldn't be out of work for long, and CBS would be looking down the barrel of another Tisch era. The only reason Shari wants this deal is to balance out Viacom’s books. CBS is doing fine on its end while Viacom, not so much. Link to comment Share on other sites More sharing options...
mre29 1335 Posted April 11, 2018 Share Posted April 11, 2018 Is this a merger of equals or one buying the other? Link to comment Share on other sites More sharing options...
ColtFromGulfcoast 695 Posted April 12, 2018 Share Posted April 12, 2018 Is this a merger of equals or one buying the other? From what I've gathered, CBS is buying Viacom. Link to comment Share on other sites More sharing options...
The Frog 392 Posted April 12, 2018 Author Share Posted April 12, 2018 Is this a merger of equals or one buying the other? It's structured as CBS buying Viacom in an all-stock transaction. Link to comment Share on other sites More sharing options...
mre29 1335 Posted April 12, 2018 Share Posted April 12, 2018 Oh, good. Link to comment Share on other sites More sharing options...
atlnews2 557 Posted May 14, 2018 Share Posted May 14, 2018 CBS is suing National Ammusments (Redstone's company) to keep Shari Redstone from ousting the CBS board https://www.bloomberg.com/news/articles/2018-05-14/cbs-sues-redstone-s-nai-to-let-board-meeting-on-dividend-happen Link to comment Share on other sites More sharing options...
TSSZNews 1046 Posted May 14, 2018 Share Posted May 14, 2018 What a huge gamble that is--it probably means the end of the Moonves era at CBS if they're not successful. Link to comment Share on other sites More sharing options...
dman748 1250 Posted May 15, 2018 Share Posted May 15, 2018 What a huge gamble that is--it probably means the end of the Moonves era at CBS if they're not successful. And if they do win, look for CBS to stay Independent but it would no longer be owned by National Amusements Link to comment Share on other sites More sharing options...
mre29 1335 Posted May 15, 2018 Share Posted May 15, 2018 The two companies have been locked in an unusual tussle. The Redstone family controls both businesses, and they were one corporation before a breakup more than a decade ago. But getting them back together has proved challenging. Shari Redstone has indicated before that she wants Viacom CEO Bob Bakish to become the combined company’s second-in-command. CBS Chief Executive Officer Leslie Moonves would prefer to keep his own people in charge. I get the feeling that, among other things, Shari Redstone's trying to save her pet executive, Bakish. How's he been doing in the few years he's been at Viacom? Link to comment Share on other sites More sharing options...
atlnews2 557 Posted May 16, 2018 Share Posted May 16, 2018 Shari has gone nuclear. She has changed CBS's bylaws. http://deadline.com/2018/05/shari-redstones-national-amusements-nuclear-option-changes-cbs-bylaws-to-halt-special-board-meeting-1202392378/ Link to comment Share on other sites More sharing options...
mre29 1335 Posted May 16, 2018 Share Posted May 16, 2018 She's willing to destroy CBS to get what she wants, isn't she? Link to comment Share on other sites More sharing options...
jb542 13 Posted May 16, 2018 Share Posted May 16, 2018 She's willing to destroy CBS to get what she wants, isn't she? 100%. She has no idea what she is doing. She wants CBS and Viacom to merge. Viacom is trash and Les doesn't want it. Link to comment Share on other sites More sharing options...
justin2kx 229 Posted May 16, 2018 Share Posted May 16, 2018 Not so fast, but who knows... http://deadline.com/2018/05/cbs-temporary-restraining-order-ruling-redstone-board-halt-1202392459/ Link to comment Share on other sites More sharing options...
mre29 1335 Posted May 17, 2018 Share Posted May 17, 2018 100%. She has no idea what she is doing. She wants CBS and Viacom to merge. Viacom is trash and Les doesn't want it. Based on this list, I'd say Paramount Pictures and its content library would be the only part really worth having. Link to comment Share on other sites More sharing options...
channel2 869 Posted May 17, 2018 Share Posted May 17, 2018 Don't forget Nickelodeon! Kids' content is tightly controlled, and for good reason. Link to comment Share on other sites More sharing options...
dman748 1250 Posted May 17, 2018 Share Posted May 17, 2018 100%. She has no idea what she is doing. She wants CBS and Viacom to merge. Viacom is trash and Les doesn't want it. I don't blame Moonves one bit he's even built his own streaming services like CBS All Access, CBSN and CBS Sports HQ yet Redstone thinks that CBS (and Moonves) cannot survive unless they remerge with Viacom? Makes absolutely zero sense to me Link to comment Share on other sites More sharing options...
mre29 1335 Posted May 17, 2018 Share Posted May 17, 2018 Don't forget Nickelodeon! Kids' content is tightly controlled, and for good reason. I considered saying something about cable channels, but decided to keep it simple for that post. That said, I imagine CBS would want some of the cable channels -- Nickelodeon, Comedy Central, TV Land, and Paramount Network. BET can (and should) be sold off to a minority owner, while MTV and VH-1 can be packaged either with CMT or BET for sale or just put out of their misery. (Some of their digital "children" should definitely be shut down. What's the point of a channel for music videos when there's YouTube?) Link to comment Share on other sites More sharing options...
channel2 869 Posted May 17, 2018 Share Posted May 17, 2018 Does Bob Johnson have the money to buy BET back? Might a consortium with a famous "front" member buy it? I really don't know what the fate of MTV might be. It feels like it's the Myspace of TV. Link to comment Share on other sites More sharing options...
Georgie56 3054 Posted May 17, 2018 Share Posted May 17, 2018 I really don't know what the fate of MTV might be. It feels like it's the Myspace of TV. The new management at MTV is trying to bring back music content to the channel, which is why TRL was revived. Link to comment Share on other sites More sharing options...
TSSZNews 1046 Posted May 17, 2018 Share Posted May 17, 2018 Shari has gone nuclear. She has changed CBS's bylaws. http://deadline.com/2018/05/shari-redstones-national-amusements-nuclear-option-changes-cbs-bylaws-to-halt-special-board-meeting-1202392378/ And just now a judge OK’d this to proceed. Over/under on whether Les still has a job by COB Friday? Link to comment Share on other sites More sharing options...
Eat News 4738 Posted May 17, 2018 Share Posted May 17, 2018 100%. She has no idea what she is doing. She wants CBS and Viacom to merge. Viacom is trash and Les doesn't want it. Well Sonny... At this rate if these Bozo's keep this up...someone just might break a hip. Make sure you get me video when the dentures go flying. Link to comment Share on other sites More sharing options...
RJP 23 Posted May 17, 2018 Share Posted May 17, 2018 So all this is because of the Redstones? Link to comment Share on other sites More sharing options...
jb542 13 Posted May 17, 2018 Share Posted May 17, 2018 I don't blame Moonves one bit he's even built his own streaming services like CBS All Access, CBSN and CBS Sports HQ yet Redstone thinks that CBS (and Moonves) cannot survive unless they remerge with Viacom? Makes absolutely zero sense to me Les is doing a great job running CBS. Viacom needs CBS more. CBS doesn't need Viacom to "survive". The board meeting is at 5pmET today Link to comment Share on other sites More sharing options...
jb542 13 Posted May 17, 2018 Share Posted May 17, 2018 Breaking: https://www.thewrap.com/cbs-board-votes-dilute-shari-redstones-controlling-interest/ Link to comment Share on other sites More sharing options...
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