CBS, Viacom stocks rally on rumors of possible merger talks

CBS and Viacom shares jumped Friday as rumors swirled that the formerly joined media giants had re-entered merger talks. Both companies are controlled by the Redstone family — which split them in two in 2006 to maximize their value. While CBS, led by Chief Executive Les Moonves, has prospered, Viacom

CBS’ Moonves denies cable TV cord cutters are a problem

Media behemoths from Comcast to Disney say they’ve been hit by cord cutting, but CBS’ Les Moonves claims that’s not his company’s problem. “This movement is a positive for us,” the CEO said Thursday at Goldman Sachs’ Communacopia media conference. “We’re different from them.” As an example, Moonves estimated that CBS gets