Broadcast-streaming. CBS and Viacom “special committees” to explore the merger in February, a move to reunite the companies split by controlling shareholder Sumner Redstone more than a decade ago. US broadcast-cable-movie tectonic plates are shifting. Many things can upset this one move including the mooted TimeWarner-AT&T merger, Disney’s agreed deal to acquire most of 21st Century Fox, Comcast’s hostile bid for Europe’s Sky TV (part-owned by Fox) and who’s know what else?
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CBS plans Viacom merger at below $12.7bn current valuation
