Among the rumblings surrounding the current turmoil at Viacom, where a number of directors are on the chopping block, is the intriguing possibility that Viacom and CBS will remerge. The two operations became separate companies in 2006, but both remain under the umbrella of Sumner Redstone’s National Amusements.
“War broke out across Mr. Redstone’s $40 billion media empire last month,” The New York Times reports. “Through National Amusements, Mr. Redstone controls about 80 percent of the voting shares in Viacom and CBS. That control will pass to an irrevocable trust after Mr. Redstone’s death or if he is declared incompetent.”
The Times also notes, citing sources, that “One possibility that has been discussed is that the new Viacom board would serve a short term before National Amusements pushes to merge Viacom with CBS…”
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