CBS Corp and Viacom Inc on Tuesday reached a deal to reunite media mogul Sumner ...
) on Tuesday reached a deal to reunite media mogul Sumner Redstone’s U.S. entertainment empire after 13 years apart.
FILE PHOTO: The CBS broadcasting logo is seen outside the CBS Broadcast Center in Manhattan, New York, U.S., July 30, 2018. REUTERS/Shannon Stapleton/File Photo The deal brings together CBS television network, CBS News, Showtime cable networks with MTV Networks, Nickelodeon, Comedy Central and the Paramount movie studios. Together, the company will own more than 140,000 TV episodes and more than 3,600 film titles.
The new company, ViacomCBS, will compete in an industry that has been reshaped after large-scale deals, including $85 billion purchase of Time Warner by AT&T (
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