NEW YORK--(BUSINESS WIRE)--
Viacom Inc. (NASDAQ: VIAB, VIA) today announced that its Board of
Directors has established a special committee of independent directors
to evaluate a potential combination with CBS Corporation. The Committee
has retained independent legal counsel and is retaining independent
financial advisors in connection with this evaluation.
There can be no assurance that this process will result in a transaction
or on what terms any transaction may occur. Neither Viacom nor the
Committee intends to comment further until the process is completed.
Viacom is home to premier global media brands that create compelling
entertainment content - including television programs, motion pictures,
short-form content, apps, games, consumer products, podcasts, live
events and social media experiences - for audiences in more than 180
countries. Viacom's media networks, including Nickelodeon, Nick Jr.,
MTV, BET, Comedy Central, Paramount Network, VH1, TV Land, CMT, Logo,
Channel 5 (UK), Telefe (Argentina), Colors (India) and Paramount
Channel, reach approximately 4.3 billion cumulative television
subscribers worldwide. Paramount Pictures is a major global producer and
distributor of filmed entertainment. Paramount Television develops,
finances and produces original programming for television and digital
For more information about Viacom and its businesses, visit www.viacom.com.
Viacom may also use social media channels to communicate with its
investors and the public about the company, its brands and other
matters, and those communications could be deemed to be material
information. Investors and others are encouraged to review posts on
Viacom's company blog (blog.viacom.com),
Twitter feed (twitter.com/viacom)
and Facebook page (facebook.com/viacom).
View source version on businesswire.com: http://www.businesswire.com/news/home/20180201006625/en/
Justin Dini, (212) 846-2724
Vice President, Corporate Communications
Bombassei, (212) 258-6377
Senior Vice President, Investor Relations
Source: Viacom Inc.
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