Media powerhouses CBS and Viacom reach merger deal

CBS finally put a ring on it. CBS and Viacom, which are owned by Sumner Redstone’s National Amusements, said they plan to merge, forming a larger media company run by Viacom boss Bob Bakish, who will grab the reins as president and CEO. Joseph Ianniello, CBS current acting CEO, will continue to run the CBS’…
Business | New York Post