BobBakish
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CBS and Viacom are reportedly exploring a massive media merger
The heads of Viacom and CBS have discussed the prospect of merger, according to Reuters sources. Earlier this month, Viacom CEO Bob Bakish and CBS CEO Leslie Moonves reportedly had an exploratory talk about a potential merger and both companies' boards have scheduled a number of meetings to continue that discussion over the next few weeks.
Viacom's new boss nixes streaming services scheme
If you were hoping to see current Daily Show episodes on Hulu, you're likely out of luck in the short run. Viacom's new CEO, Bob Bakish, explained the company's new strategy in an earnings call Thursday, saying that he wants to "reinforce the value of the pay TV ecosystem."
