CBS Corp. and Viacom Inc.: Scenario analysis: CBS rejection of Viacom merger, lawsuit against controlling shareholder have wide-ranging effects
Outcome of CBS lawsuit against controlling shareholder to block merger with Viacom will have substantial and varying effects on bondholders of both companies.
CBS is a mass media company, which operates the following segments: Entertainment, which is consists of the CBS Television Network, CBS Television Studios, CBS Global Distribution Group, Network 10, CBS Interactive, CBS Sports Network, and CBS Films as well as the company's digital streaming services CBS All Access and CBSN; Cable Networks, which consists of Showtime Networks and its digital subscription streaming offering, and Smithsonian Networks; Publishing, which consists of Simon & Schuster's consumer book publishing business with imprints such as Simon & Schuster, Pocket Books, Scribner and Atria Books; and Local Media, which consists of CBS Television Stations and CBS Local Digital Media.
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