Comment on National Amusements Urges CBS And Viacom To Consider An All Stock Merger

National Amusements Urges CBS And Viacom To Consider An All Stock Merger

National Amusements just released the expected letter it sent to directors of CBS and Viacom today urging them to consider a merger. The note from Sumner and Shari Redstone, who control National Amusements, says a recombination of the companies that were separated a decade ago would enable them to “respond even more aggressively and effectively to the challenges of the changing entertainment and media landscape.” National Amusements owns 80% of the voting shares at both…

 

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