According to the report, Shari Redstone, who is vice-chairwoman of both companies and president of National Amusements, which holds stakes in both, is "pursuing a merger".
According to a new report in The Wrap, Viacom Corporation (parent company of Paramount Pictures) and CBS Corporation are considering merging. He and his daughter attempted to merge the two in 2016, but the effort failed.
Viacom's stock closed at $39.10 today, up almost 10% over the previous day's closing price and continuing to rise in after-hours trading, while CBS's stock closed up 2% at $58.83.
CBS has become the country's most-watched network under Moonves, who's credited with identifying and nurturing such hits as "The Big Bang Theory", "NCIS" and "Bull".
"I was never a great proponent of the split of the two companies", she said at a media conference in November 2016.
Paramount's new chairman and CEO, Jim Gianopulos, who joined previous year, has been shaking up the studio's executive ranks in an effort to engineer a turnaround.
Dark Souls remaster coming to PC, XO, PS4, and Switch
New graphics and lighting, natch, plus online upgrades to bring it to a similar player count as later games in the series. Nintendo only facilitated the reveal though, as the remaster will also be coming to PC, PlayStation 4, and Xbox One .
Approach Resources, Inc. (AREX), Cara Therapeutics Inc. (CARA)
The energy company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink . (NASDAQ: AREX ).
CBS's main business is broadcasting, while Viacom owns popular channels like MTV.
Then last month, Rupert Murdoch's 21st Century Fox stunned the industry when it agreed to sell much of the company, including the 20th Century Fox movie and television studio, to the Walt Disney Co. If a deal does happen, it may take a while.
As word of possible talks between the two companies circulated around Wall Street late on Friday, Viacom shares spiked 9.6 percent, to $33.76.
"There have been talks about this - and many other things - at the board level", according to one person close to CBS. But as recently as past year, Shari Redstone said that a merger would have squashed Viacom's "momentum".
The stock movement is a significant pop for Viacom shares, which have been in a stable range but down a lot from a few years ago after the company has re-oriented itself after downturns at key cable networks.
If Amazon Alexa owned CES 2017, the Google Assistant has arguably repeated the feat at this year's Las Vegas showcase. While the company hasn't indicated a particular date, you can expect the firmware update in the next few months.
It was announced today that Pokemon Go is having a "community day" event on Saturday January 20th 2018, from 10am until 1pm GMT. Other bonuses such as increased XP, Stardust, and Lure Modules may be available during every Community Days event.
Silt, debris and mud have been pulling down trees and power lines as rescue teams rush to overwhelmed communities. Mr Brown said the amount of debris is making it hard for rescue crews to reach people trapped in their homes.
Robert Reich, former Secretary of Labor under President Bill Clinton, compared Mr Trump's comments to Nazism. Durbin, a key negotiator in DACA talks, recounted the meeting on MSNBC Friday, saying, "He said, 'Haitians".
Crain's New York Business reported earlier this week that the incentive package used to lure Aetna to New York was falling apart. "I fully commend CVS for making the decision to keep Aetna in the great city of Hartford ", Rep.
If this requires a revised firmware update from Intel , we will distribute that update through the normal channels. On the same day, rival chipmaker AMD said it will also release a fix for the Spectre vulnerability.
Taking a broader look at the analyst consensus, brokerage firms have a price target of $4 on Marathon Patent Grou (NASDAQ: MARA ). Marathon Patent Group, Inc . on 6/29/2017 reported its EPS as $-1.68 with the analysts projecting the EPS of the stock as $-0.98.
Speaker Ryan added that he remains committed to a fix to the Deferred Action for Childhood Arrivals (DACA) illegal aliens. Never said "take them out". "It is a attractive story of America, and that is a great story".
The National Weather Service has issued a WINTER WEATHER ADVISORY for SW Montana east of the divide through noon on Friday . The service said snow accumulations will be between 2 to 4 inches in addition to about a quarter-inch of ice.
But most important of all, The World Ends With You -Final Remix- adds a brand new scenario "that gets to the heart of the story". For those unfamiliar, The World Ends With You is an action RPG that was designed for the DS handheld consoles.
Forget 4K TV; LG announces first 8K 88-inch OLED TV
LG's new 8K OLED TV will be shown at this year's Consumer Electronics Show (CES), which kicks off January 9 in Las Vegas . The first on the list of LG's products seems to be a TV display that sports 8K resolution and 88-inch OLED display .
Micron Technology Inc Stock as Institutional Investors Enter
Credit Suisse Group restated an "outperform" rating on shares of Micron Technology in a research report on Thursday, August 31st. Recent insider trends for Micron Technology, Inc. (NASDAQ:MU) has also struggled lately, on track to shed 8.4% this week.
Trump Denies Insulting Term at White House Meeting
In a series of tweets Friday, Trump said he used "tough " language but that he "never said anything derogatory " about Haitians . Trump , stable genius , questioned why we couldn't get more immigrants from countries like Norway .
Trump to let states pursue work requirements for Medicaid
It's a big change from the Obama administration, which rejected overtures from states that wanted to add a work requirement. CMS said states would have to test whether the work requirement improves enrollees' health - a point Solomon ridiculed.
Trump says he doesn't think Winfrey will run
President Donald Trump's daughter Ivanka is endorsing Oprah Winfrey's message, if not a political future, in a recent tweet. House Minority Leader Nancy Pelosi, D-Calif., noted that Winfrey, like Trump, lacks any kind of governing experience.