[22] They lost the bid, and on March 1, 2018, it was announced that Maria Contreras-Sweet would acquire all of TWC's assets for $500million. Moonves also considered Bakish a threat because he did not want an ally of Shari Redstone as a board member of the combined company. [27][28] CBS also accused Redstone of discouraging Verizon Communications from acquiring it, which could have been beneficial to its shareholders. Q: Can I convert one class of Paramount common stock into the other? According to the new regulation on data protection, you have the right to request access to, rectification or erasure of your personal data. PDF CBS Combined Pension Plan Summary Plan Description General Information You have the right to withdraw your consent at any time, without affecting the lawfulness of VIMNs use of your personal data before the withdrawal. ViacomCBS headquarters is in New York, New York. Visit: https://www.benefitsaccountmanager.com/cbsandyou-cbs-com/ to View or access the FREE GUIDE on how & where to go to manage (login / register / enroll) . [29], On May 23, 2018, Les Moonves explained that he considered the Viacom channels to be an "albatross," and while he favored more content for CBS All Access, he believed that there were better deals for CBS than the Viacom deal, such as Metro-Goldwyn-Mayer, Lionsgate, or Sony Pictures. Paramount reached a $122.5 million settlement in March with Viacom shareholders that also stemmed from the merger. Enter your e-mail to stay informed about upcoming events and opportunities. John Stillson email address & phone number | Viacomcbs Senior Director Mendota Heights, MN 55120-4100, investorrelations@cbs.com (with Authentication ID), Paramount Investor Relations free lookups / month. There are, however, far more shares of Class B outstanding, so most of the trading occurs in that class. 2023 The Hollywood Reporter, LLC. Thank you! Paramount Global directors agreed to a $167.5 million settlement of investors' lawsuits over the controversial 2019 merger of CBS Corp. and . David Templeman. [31], On May 30, 2019, CNBC reported that CBS Corporation and Viacom would explore merger discussions in mid-June 2019. Lorem ipsum dolor sit amet consectetur adipisicing elit. Law360 may contact you in your professional capacity with information about our other products, services and . Email Format Management ViacomCBS Information ViacomCBS is the recombination of CBS and Viacom that has created a media conglomerate operating around the world.
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