CBS Television City Ex-Employees Sue Network & Facility’s New Owner Over Lost Jobs, Lack Of Buyout Offers

Twenty-five “distraught” former employees at CBS Television City have filed a class-action lawsuit against the facility’s new owner and CBS Broadcast, alleging that they were fired after its sale and not offered buyout deals, unlike many of their colleagues. All of but one of the defendants have worked at CBS for at least 30 years, with most starting in the […]

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CBS ordered to disclose internal records on Viacom deal

(Reuters) – A Delaware judge on Monday ordered broadcaster CBS Corp to turn over records regarding its plan to reunite with Viacom Inc to a shareholder who wants to investigate if the deal unfairly benefits Shari Redstone, who controls both companies. The deal is scheduled to close on Dec. 4, combining CBS television network, CBS News, Showtime cable networks with […]

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FCC hammers CBS with $272,000 Fine

FTC fines YouTube $170M over violations of children’s privacy laws FBN’s Susan Li on the FTC fining Google over allegations YouTube violated Children’s Online Privacy Protection Act The Federal Communications Commission has no tolerance for the misuse of the Emergency Alert System. Continue Reading Below The FCC proposed a $272,000 fine for CBS for allegedly airing a simulated emergency alert […]

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Julie Chen Moonves Set To Return To ‘Big Brother’ For Season 22; Host Inks New CBS Deal

EXCLUSIVE: Big Brother is returning for another season on CBS next year and so is Julie Chen Moonves as the host of the long running reality show. The former The Talk co-host has inked a deal with the Viacom merging company to do Season 22 of the HouseGuests starring reality series, I’ve learned. The next installment of Big Brother is […]

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‘Star Trek’ Poised To Become New Marvel? CBS & Viacom Merger Brings Franchise Under One Fleet

The introduction of Spock last season on CBS All Access’ Star Trek: Discovery may be the first in many final frontiers for the fabled franchise now that Paramount owner Viacom and CBS are about to hit the warp drive to corporate reunification. Taking a page from the now Fox-expanded Disney book, new ViacomCBS kingpin Bob Bakish made very clear just […]

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CBS-Viacom is just the beginning of Shari Redstone's media deals

NEW YORK (Reuters) – More than two months before CBS Corp (CBS.N) and Viacom Inc (VIAB.O) succeeded at a third attempt to recombine, controlling shareholder Shari Redstone had already decided the new company needed to get bigger. “We would want to look at something after that to … develop more scale as we move forward,” Redstone said at The Information’s […]

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CBS Matches Viacom’s Stellar Quarter With Record Q2 Revenue And Profit Marks

Reporting second-quarter results on the same day that sister company Viacom reported its own stellar financials, CBS set records for revenue, adjusted operating income and earnings per share. The EPS figure of $1.16 beat Wall Street estimates by three cents and revenue of $3.81 billion also cleared the bar set by analysts by a good $100 million, up 10% from […]

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