NEW YORK, Feb. 1, 2018 /PRNewswire/ -- CBS Corporation
(NYSE: CBS.A and CBS) announced today that its board of directors
has established a special committee of independent directors to
evaluate a potential combination with Viacom Inc. (NASDAQ: VIAB,
VIA).
There can be no assurance that this process will result in a
transaction or on what terms any transaction may occur. Neither CBS
nor the committee intends to comment further, until the process is
completed.
About CBS Corporation
CBS Corporation (NYSE: CBS.A and
CBS) is a mass media company that creates and distributes
industry-leading content across a variety of platforms to audiences
around the world. The Company has businesses with origins that date
back to the dawn of the broadcasting age as well as new ventures
that operate on the leading edge of media. CBS owns the
most-watched television network in the U.S. and one of the world's
largest libraries of entertainment content, making its brand — "the
Eye" — one of the most-recognized in business. The Company's
operations span virtually every field of media and entertainment,
including cable, publishing, local TV, film, and interactive and
socially responsible media. CBS' businesses include CBS Television
Network, The CW (a joint venture between CBS Corporation and Warner
Bros. Entertainment), Network Ten Australia, CBS Television
Studios, CBS Studios International, CBS Television Distribution,
CBS Consumer Products, CBS Home Entertainment, CBS Interactive, CBS
Films, Showtime Networks, CBS Sports Network, Pop (a joint venture
between CBS Corporation and Lionsgate), Smithsonian Networks, Simon
& Schuster, CBS Television Stations, and CBS EcoMedia. For more
information, go to www.cbscorporation.com.
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SOURCE CBS Corporation