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

Fire causes evacuation at Viacom building in Times Square

A fire broke out in the Viacom building in Times Square on Monday evening, forcing the evacuation of more than 100 people, officials said. Approximately 84 firefighters responded to the 45-story building on 45th Street and Broadway around 4:15 p.m. after reports of smoke in a basement parking garage,

Viacom shares plunge on grim forecast for pay TV

Viacom, owner of MTV, Comedy Central and Paramount, said Thursday it expects high single-digit declines in revenue from US cable TV operators and online distributors in the first half of 2018, sending its shares down 8 percent. The company said pay-TV subscribers continued to decline. The New York-based media company

Sumner Redstone’s ex won’t be getting his NYC penthouse

First ailing media mogul Sumner Redstone kicked his ex-girlfriend out of his Beverly Hills home, now a Manhattan judge has booted her from his New York penthouse in the Hotel Carlyle. follow the story Sumner Redstone's ex won't be getting his NYC penthouse Sumner Redstone's ex uses anti-mob laws to fight

Viacom, Charter Strike New Carriage Deal

Viacom Inc. and Charter Communications said they have reached “an agreement in principle” to keep the New York entertainment conglomerate’s cable networks on Charter’s Spectrum cable service, avoiding what might have escalated into a contentious fight over the nickels-and-dimes of programming costs. “Viacom and Charter have reached an agreement

Viacom stock tumbles on slumping sales forecast

Another quarterly check-up, another case of stock-tumbling blues for Viacom Chief Executive Bob Bakish. Shares of the media company were off more than 13 percent in early Friday trading after the New York company reported the previous afternoon that it foresees lower sales to pay-TV and streaming companies for the rest

Discovery is buying cable rival Scripps for $14.6B

Discovery Communications is acquiring Scripps Networks Interactive for $14.6 billion in a deal that is expected to boost the combined company’s negotiating leverage with pay TV operators at a time when more people watch video online, the companies said on Monday. The acquisition, which was completed last night, brings together Scripps’

Viacom willing to pay all cash for owner of Food Network, HGTV

Viacom has informed Scripps Networks Interactive it is willing to pay all cash to acquire the US TV network operator, sources familiar with the matter said on Tuesday. Viacom is bidding for Scripps, which owns channels such as HGTV, Food Network and Travel Channel, against Discovery Communications, which is not expected

Bankers, media experts join forces at annual Cannes Lions

The annual Cannes Lions ad festival and conference kicked off this weekend, bringing a host of bankers and media business folks to the Cote d’Azur — and perhaps pre-empting the dealmaking at Allen & Co’s July 4 mogul get-together in Sun Valley, Idaho. As the traditional media business moves to mobile,

Bankers, media experts join forces at annual Cannes Lions

The annual Cannes Lions ad festival and conference kicked off this weekend, bringing a host of bankers and media business folks to the Cote d’Azur — and perhaps pre-empting the dealmaking at Allen & Co’s July 4 mogul get-together in Sun Valley, Idaho. As the traditional media business moves to mobile,

Bankers, media experts join forces at annual Cannes Lions

The annual Cannes Lions ad festival and conference kicked off this weekend, bringing a host of bankers and media business folks to the Cote d’Azur — and perhaps pre-empting the dealmaking at Allen & Co’s July 4 mogul get-together in Sun Valley, Idaho. As the traditional media business moves to mobile,

Bankers, media experts join forces at annual Cannes Lions

The annual Cannes Lions ad festival and conference kicked off this weekend, bringing a host of bankers and media business folks to the Cote d’Azur — and perhaps pre-empting the dealmaking at Allen & Co’s July 4 mogul get-together in Sun Valley, Idaho. As the traditional media business moves to mobile,