Latest in Corporate Affairs

Three days after the long-awaited merger of CBS and Viacom closed, the combined company has decided to sell off the fabled headquarters building of CBS known as “Black Rock.” Bob Bakish, CEO of ViacomCBS, confirmed the company is proceeding with the divestiture during an appearance at the UBS TMT Conference in New…

CBS is joining OpenAP, an advertising consortium that launched in 2017 as an effort to provide more data and insights to those selling ads across linear and digital platforms. Viacom, which last week closed its merger with CBS, had been a founding member of OpenAP, which also counts Fox, NBCUniversal and Univision as…

Comcast’s forthcoming entry into the intensifying streaming competition, Peacock, will be profitable within five years and have $2 billion in content and marketing investment in its first two years. The outlook on the streaming service’s launch next April was provided by Comcast CFO Mike Cavanagh in an appearance at…

Filmmakers faced a unique challenge in the newest entries in two of Disney's most popular animated family franchises: bring an updated sense of freshness to beloved stories and characters in Toy Story 4 and Frozen II. Their efforts to explore fresh territory anchored presentations for both films at Deadline’s…

While the real action is set to unfold in January when Harvey Weinstein finally faces criminal trial, a hearing Friday morning brought spirited jousting between his defense team and prosecutors over two separate requests by the Manhattan District Attorney’s Office. One of the asks, which took up most of the 45-minute…

The Irishman drew an average minute audience of nearly 2.6 million viewers on its November 27 premiere on Netflix, holding steady through the long Thanksgiving weekend, according to new figures from Nielsen. The company only tracks U.S. consumption and only via set-top boxes (not mobile), so the snapshot is just a…

UPDATED with closing stock price. ViacomCBS marked its first day as a merged company with a celebrity-studded appearance on the floor of the Nasdaq Market Site in New York’s Times Square and a town hall meeting overflowing with optimism. CEO Bob Bakish and chairman Shari Redstone smiled and clapped alongside Stephen…

Byron Allen, who has been locked in a legal dispute with Comcast that has reached all the way to the Supreme Court, didn’t mince words in his response to the company’s latest executive shuffle. David Cohen, who has steered Comcast’s diversity efforts and faced blame from Allen and others who say the company mistreated…

David Cohen, a key adviser to Comcast CEO Brian Roberts and a notable fundraiser for Democratic presidential hopeful Joe Biden, has announced his plan to step down from his operational role at the company. He will end his operational responsibilities as of January 1, 2020, transitioning from Senior EVP to Senior…

EXCLUSIVE: Hearst Television has inked a deal with Jeff Rossen to bring aboard his popular consumer series, Rossen Reports. Rossen will be named Chief National Consumer Correspondent of the franchise which will be distributed across Hearst platforms. Rossen, a journalist and on-air personality, was the longtime…

UPDATED with staff memo. Viacom and CBS shares perked up Wednesday, each rising more than 3% in their final day of trading as separate companies. The media companies’ all-stock merger took effect after the closing bell. Shares in ViacomCBS will begin trading Thursday morning on the Nasdaq. CBS stock closed at $40.68…

Following the path established by their peers in the media business, Comcast and NBCUniversal have scheduled an investor event as they look to detail their strategy for entering the streaming arena. On January 16, executives will present details about Peacock, the NBCU service launching next April. The event will be…