Viacom Inc and CBS Corp have worked out a management structure in which Viacom C...
) have worked out a management structure in which Viacom Chief Executive Officer Robert Bakish would lead the combined company if the two entities reach a deal to merge, sources familiar with the matter said.
The working agreement removes a major roadblock in talks to recombine the companies, both controlled by National Amusements Inc, which is owned by Shari Redstone and her father Sumner Redstone. Talks are continuing and they still face significant hurdles, such as the exchange ratio in the all-stock deal, one source said.A deal could be announced as early as Thursday when both companies are set to release quarterly financial reports, the source said.
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