For advertisers and agencies, the combined company will provide industry-leading reach through a variety of formats, including a portfolio of differentiated advanced advertising and marketing solutions, such as CBS Interactive, Viacom Vantage and Viacom Velocity, which will be applied against significant, expanded inventory across the portfolio. The breadth and depth of the combined company's reach across both traditional and new platforms - including 22% of U.S. TV viewership - will drive important new distribution and advertising opportunities. The $6-a-month service now has a new "Star Trek" series, a revival of "The Twilight Zone" and archives of old and current broadcast shows. Walt Disney Co.in March bought most of 21st Century Fox in a deal valued at $52 billion, while AT&T in June completed its acquisition of Time Warner for $85 billion.
The all-stock deal will give CBS shareholders about 61% of the combined company and Viacom shareholders the rest.
"I am really excited to see these two great companies come together so that they can realise the incredible power of their combined assets", said Shari Redstone, who will chair the new company, ViacomCBS. Sure, the network may dominate the ratings now, but when streaming becomes the primary form of entertainment, will CBS All Access (or maybe even another newly-branded service that they've yet to launch) be able to not only compete, but thrive against rivals like Netflix, Amazon, Disney+, HBO Max, the NBCUniversal streaming platform, Quibi, and Apple TV+? It is unlikely that CBS-Viacom could itself become an acquisition target, given how potential acquirers nearly all have their hands full with their own big purchases. CBS already had its CBS All Access streaming service and Showtime has its own subscription service as well, but The Verge says ViacomCBS "will be able to offer a library of more than 140,000 TV episodes and more than 3,600 movies", including the Transformers franchise. That's far less than the 60 million USA subscribers that Netflix has, though it's comparable with the estimated number of subscribers to HBO Now, that network's stand-alone streaming service.
CBS will receive six seats on the 13-member board, while Viacom gets four.
S. Korea Hit Hardest by N. Korean Cyberattacks
Cryptocurrency exchanges were repeatedly attacked, with at least four hits on South Korea's Bithumb . India suffered three attacks, and Bangladesh and Chile were victims of two attacks each.
Love Island's Maura: "I've always been misjudged"
Maura Higgins has said that she is glad she influenced some young women to be more confident in their relationships. The model said she believes girl code means that you would never step on the toes of your friend.
Shari Redstone - who heads National Amusements, the majority shareholders of both CBS and Viacom - has been pushing for the companies to reunite for years.
Shari Redstone had been a big backer of re-combining the companies in the face of tough competition. Another two will go to National Amusements Inc., the Redstone family's investment company, which has said it will vote its controlling stake in favor of the deal. As it happened, CBS proved the more dynamic company under Les Moonves, then CEO and later chairman. A merger was adamantly opposed by Leslie Moonves, the former powerful chair of CBS who was brought down in a sexual harassment scandal a year ago.
Redstone will be chairwoman of the combined company's board. "We will establish a world-class, multiplatform media organisation that is well-positioned for growth in a rapidly transforming industry".
Viacom's stock rose 2.4% and CBS 1.4% in trading Tuesday, a reflection of Wall Street having anticipated this deal, especially in recent days.
Jim Salisbury of NBCS Philadelphia hinted at a major coaching change coming to the Phillies after a 2-5 west coast trip. He worked as a scout, a minor-league hitting instructor and most recently an adviser to general manager Matt Klentak.
Doyle recently signed an extension to his contract, while Zlamal's deal is set to expire at the conclusion of this campaign. Hearts also took Pereira's team-mate Demetri Mitchell on an 18-month loan which concluded at the end of last season.
Riverside Police Chief Sergio Diaz called the violence "horrific" and said a motive for the attack remains unclear. Investigators did not immediately release detailed information on the traffic stop or on the suspected gunman.
Services producing industries gained 1.1% year-on-year, moderating from the 1.2% growth in the previous quarter. The MTI noted that growth is "expected to come in at around the mid-point of the forecast range".
Post-retirement, Moody became the director of cricket in Worcestershire before becoming the Sri Lankan national coach in 2005. Former team manager Lalchand Rajput has also thrown his hat in the ring for the job of the Indian cricket team's head coach.
Around an hour after the opening bell on Wall Street, the Dow Jones Industrial Average was up 1.76 percent, adding 456.25 points. Only the defensive real estate and utilities sectors posted small losses.
USA lawmakers have demanded that the government hold responsible people who allegedly helped Epstein engage in sex trafficking. President Donald Trump talks to reporters at Morristown Municipal Airport in Morristown, N.J., Tuesday, Aug. 13, 2019.
Avec les U19 du Paris Saint-Germain, il a participé à l'UEFA Youth League où il a même été finaliste face à Chelsea en 2016. Le gardien a rejoint Caen, en Ligue 2, pour trois saisons.
Saoirse Ronan takes centre stage in Little Women trailer
Ronan is the latest to take the lead of Jo March, also notably played by Katharine Hepburn in 1933 and Winona Ryder in 1994. Chalamet worked with Saoirse Ronan and Greta Gerwig in Lady Bird , so clearly the trio has good working chemistry.
Fortnite Champ Bugha Swatted During Twitch Stream
Giersdorf was "swatted", a potentially deadly prank when someone calls authorities and directs them to an innocent person's home. No one was hurt in the exchange, which Giersdorf chalks up to one of the responding officers knowing him from the neighborhood.
Le Bayern officialise l'arrivée de Perisic — Mercato
Avec les départs en fin de contrat de Franck Ribéry et Arjen Robben , le Bayern Munich est en quête de renfort au poste d'ailier. Avant de rejoindre l'Inter Milan , le joueur formé à Sochaux a évolué au Borussia Dortmund et au VfL Wolfsburg.