Viacom set up for merger scenarios
Viacom's decision to replace Chief Executive Tom Freston with one of the industry's top deal makers, against a backdrop of declining revenue at its cable networks, sets up a chance for the company to pursue a merger, an analyst said Tuesday.
Meanwhile, CBS Chief Executive Les Moonves, who has watched his company's stock rise 20% since the beginning of 2006, may have put himself in a position to run both Viacom and CBS, others said.
Robert Routh, entertainment analyst at Jefferies & Co., said Viacom should consider a merger with portal...
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