Breaking News: CBS and Viacom struck a deal to reunite. It's the latest in a wave of media mega-mergers aiming to counter the threat of big tech platforms.

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August 13, 2019

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BREAKING NEWS

CBS and Viacom struck a deal to reunite. It's the latest in a wave of media mega-mergers aiming to counter the threat of big tech platforms.

Tuesday, August 13, 2019 2:12 PM EST

The combination of CBS and Viacom is a victory for Shari Redstone, the leader of a family business that controls both. She had pushed for a deal for at least three years but faced fierce opposition from CBS’s board. Ms. Redstone will be chairwoman of the combined company.