Report
Neil Macker
EUR 147.86 For Business Accounts Only

Redstones Reverse Course, Call Off CBS-Viacom Merger Talks

Sumner and Shari Redstone issued a statement on Dec. 12 asking Viacom and CBS to end the deliberations about a merger of the two firms. The letter reverses the family’s position from a statement in September that asked the two firms to consider a reconsolidation of the firms. By ending the merger discussion, the Redstones appear to be willing to let the current temporary management team at Viacom pursue a stand-alone strategy for turning around the struggling media firm. We think that at CBS, th...
Underlying
Viacom Inc. Class B

Viacom provides entertainment through television, film, digital media, live events, merchandise and solutions. The company operates through two segments: Media Networks, which provides entertainment content, services and related branded products for consumers in targeted demographics attractive to advertisers, content distributors and retailers through its media brands including Nickelodeon, MTV, BET, Comedy Central and Paramount Network; and Filmed Entertainment, which develops, produces, finances, acquires and distributes films, television programming and other entertainment content through its Paramount Pictures, Paramount Players, Paramount Animation and Paramount Television divisions.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Neil Macker

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