Monday, August 12, 2019

CBS Stock Jumps At Opening Bell, Viacom Sinks As Merger Deal Nears Close

Shares of CBS jumped 1% and Viacom pulled back 3% in the early minutes of Monday trading as the companies neared the finish line in their merger negotiations. The boards of both companies worked through the weekend to hammer out terms of their long-expected reunion, with the amount of stock being exchanged between the companies […]

from Deadline https://ift.tt/31wXAx1

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BBC Says It Will Have $270M Less To Spend On Shows If Government Makes Good On Licence Fee Threat

The BBC has said it will have at least £200M ($267M) less to spend on TV shows if the government makes good on threats to decriminalize non-...