Moonves Opens Up About CBS-Viacom Merger Talk

Sep 15, 2016  •  Post A Comment

CBS Corp. Chairman and CEO Leslie Moonves talked today about the prospect of a remerger between CBS Corp. and Viacom, something that has been widely speculated about in the wake of the recent departure of Viacom Chairman and CEO Philippe Dauman.

Variety reports that Moonves, speaking during a Q&A session held as part of the Bank of America Merrill Lynch Media, Communications and Entertainment investor conference, dismissed the speculation.

The report quotes Moonves saying: “We are not in active discussions for anything like that. We are very happy with the position we are playing now. We think we have a great future as the CBS Corporation now.”

Moonves also downplayed the suggestion of other possible acquisitions for CBS, emphasizing that he would only make deals that benefit CBS shareholders.

“We are a stand-alone public company,” he said. “We are really happy with the hand we are playing. We are never going to do something that is bad for CBS shareholders or the employees.”

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