Now it looks like the Redstone family has cleared the way for a possible CBS and Viacom merger once again. Last year Reuters reported that, the Redstone family has dropped a condition to make Viacom’s current CEO the number 2 in control of the company after a merger. That reportedly cleared a major obstacle to the merger now with new CBS board members it once again looks like a merger may happen.
This push to make media companies like Viacom and CBS larger is not just about cord cutting. There is a growing number of content providers such as Netflix, Disney+, Hulu, and Amazon creating original programs enjoyed by cord cutters and cable subscribers alike. To help fight back from a shrinking viewership content companies are hoping to grow their footprint through mergers like this one.
Last year it was reported that a possible all-stock deal was in place for the merger but it looks like the question of who will have what rules after the merger held it up. As of today, the deal is not official, but with this report, it makes the possibility of a merger once again a possibility.
Did you know we now have a FREE app for iOS, Android, and Amazon Fire? Click HERE to download our app.
Please follow us on Facebook and Twitter for more news, tips, and reviews. Need cord cutting tech support? Join our Cord Cutting Tech Support Facebook Group for help.