Can the newly merged ViacomCBS work the second time around? Investors hope the streaming revolution can make it so.
NEW YORK--(BUSINESS WIRE)--ViacomCBS Inc. (Nasdaq: VIACA, VIAC) (“ViacomCBS”) today announced the completion of the merger between CBS Corporation and Viacom Inc. The combined company, which is renamed ViacomCBS, creates a premium content powerhouse with global scale, including leadership positions in markets across the U.S., Europe, Latin America and Asia. “This is a historic moment that brings together two iconic companies to form one of the world’s most important content producers and provid
After three attempts, corporate siblings Viacom Inc. and CBS Corp. soon will be back together as one family called ViacomCBS. The $25 billion merger is expected to be complete after markets close on Wednesday. But the newly christened company will face stiff headwinds as it scrambles to keep up with larger players, including Walt Disney, NBCUniversal, Netflix, WarnerMedia and Amazon.com
Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by more than 10 percentage points since the end of the third quarter of 2018 as investors first worried over the possible ramifications of rising interest rates and the escalation of the trade war with China. The hedge funds and institutional
Viacom Inc.'s (VIAB) charts can't divine the impact of the company's merger with CBS Corp. (CBS) on its shares….VIAB
CBS Corp's (CBS) third-quarter 2019 results reflect growth in direct-to-consumer businesses like CBS All Access and Showtime OTT.
CBS Corp.'s (CBS) charts eye a potential rise in the media giant's shares, its merger with Viacom (VIAB) notwithstanding….CBS
CBS Corp missed Wall Street estimates for quarterly revenue on Tuesday, sending its shares down nearly 2per cent in premarket trading.
— CBS Corporation (NYSE: CBS) reported its third-quarter 2019 adjusted earnings of $0.95 per share versus $0.91 per share expected. — The results were hurt…
By Josh Beckerman The combination of Viacom Inc. and CBS Corp. is expected to be completed in early December, the companies said Monday. A registration statement on Form S-4 was… | October 29, 2019
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened On this day in 1950, the Federal Communications Commission issued CBS Corporation (NYSE: CBS ) the nation’s first license for color broadcasts. Where Was The Market The S&P 500 traded around $19.87, and the Dow traded near $2,306.35. What Else Was Going On In The World When viewers weren’t tuned in to NBC, which boasted the top six shows for the 1950-1951 … Full story available on Benzinga.com
Media stocks were on the move on Tuesday after Wells Fargo initiated coverage on the space. CBS Corporation (NYSE: CBS), Walt Disney Co (NYSE: DIS) and Fox …
More than two months before CBS Corp and Viacom Inc succeeded at a third attempt to recombine, controlling shareholder Shari Redstone had already decided the new company needed to get bigger.
Shares of CBS Corp. rallied 1.4% and of Viacom Inc. gained 1.3% in afternoon trading Tuesday, after the media and entertainment companies announced a deal to…
CBS Corp's (CBS) second-quarter 2019 results benefit from growth across all its segments and higher operating income.