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CBS and Viacom said Tuesday they will reunite, bringing together their networks and the Paramount movie studio as traditional media giants challenge streaming companies like Netflix.
Media mogul Sumner Redstone’s National Amusements is abandoning a proposal that CBS and Viacom reunite after a 10-year split.
Viacom CEO Philippe Dauman may not have much time left at the entertainment conglomerate.
Media and entertainment giant Viacom (Nasdaq: VIA) has seen its shares drop more than 25 percent over the past year, but that just presents an interesting opportunity for investors.
A federal judge handed Google Inc. a major victory Wednesday by rebuffing media company Viacom Inc.’s attempt to collect more than $1 billion in damages for the alleged copyright abuses of Google’s popular YouTube service.