Moonves said recently that CBS is not in “active” talks with Viacom about merging the two companies controlled by the ailing 93-year-old Sumner Redstone and his National Amusements.

CBS and Viacom, both controlled by the Sumner Redstone family, were one entity until Redstone in 2006 divided his empire into two companies in a bid to generate more wealth.

Shari Redstone said the decision for Paramount Global, the media conglomerate she just sold to Skydance Media, to pay ...

Analyst Michael Nathanson recently estimated a merged Viacom-CBS could find $500 million in cost synergies, but also noted “the lack of direct overlap in CBS’ and Viacom’s core operations ...

Viacom Inc has asked CBS Corp to sweeten its merger bid by about $2.8 billion, or almost a quarter more than CBS's offer, three people familiar with the matter said, indicating the wide gap in the ...