Viacom and CBS Corp. have reached an agreement
and could be unveiled around Aug. 8, when the companies report their earnings, or by the end of the month. CBS and Viacom must still strike a final deal and get approvals for that from their boards. on Friday that a management structure agreement had been reached.
National Amusements, led by the companies' vice chair Shari Redstone, is the controlling shareholder of both firms, which recently launched new deal talks after twice before exploring a recombination without reaching an agreement. National Amusements is privately owned by the Redstone family.
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