Listen: Viacom, C._B._S. C._B._S And Vice Chair discussed on WSJ What's News
"Shareholders about will receive that many c._b._s. Shares for each vicompte share that they own the deal will create an entertainment player valued at around thirty billion dollars and the deal values viacom at around eleven point eight billion dollars. This merger creates a company with a wide variety of program. They bring a lot to the table. Yeah you've got dora the explorer spongebob squarepants on the viacom side and then on the other side. You have things like the loudest voice <hes> c._b._s.'s showtime premium cable channel on top of that. You have the c._b._s. Broadcast network and a ton of basic cable networks on the viacom side. Both companies also have direct consumer. Streaming services. Viacom has pluto t._v. Which there's an asd supported streaming service and c._b._s. c._b._s. I'll axis which you have to subscribe for but still on a relative basis. This company is still kind of small compared to the other companies that have grown in size and that have done deals yeah absolutely a._t. And t. bought time warner which was the deal. Many magnitude size of this deal disney obviously bought fox which was a huge huge much larger deal discovery bought scripts interactive networks which was another large deal so this is a big deal but relative to the size of some of their competitors viacom c._b._s. is still relatively small who will run the company so the new ceo and president of the company will be bob backlash who is previously the ceo oh of viacom <hes> joe iannello who is the acting ceo at c._b._s. Will be the chairman and c._e._o. Of c._b._s. which is really another way if saying he's in charge of c._b._s. assets but he's not really the boss of the company the other big headline here's at sherri redstone who is the vice chair both companies and who is is the president of the holding company controls both c._b._s. Viacom will be chair. Finally of the combined company. That's a big deal for her and then the two companies japanese finally succeeded in doing a deal after several failed attempts what got in the way of a merger what didn't get away merger mostly personalities last time around on lesbian vez who was forced to step down from c._b._s. As a result of allegations of sexual harassment and assault was very much not in favor of the deal and he said that it was not a creative to c._b._s. Yes shareholders. He actually ended up along with other directors at c._b._s. Suing national amusements the holding company trying to derail merger when the board was turned over and joe iannello l. o. became ceo. The entire situation changed then they are merging in quite a different environment and the questions are going to come you know can a merger like this work of due to relatively traditional companies absolutely. I think that's the question on everyone's minds like you have these two companies that are for the most part legacy t._v. Companies although executives would argue they've made big strides in direct to consumer streaming"