Bob Bakish On Viacom & CBS Stock Slide: “People Have To Take A Beat” – Vanity Fair Summit
In the wake of CBS and Viacom announcing their merger, both companies’ shares have dropped roughly 20%. At today’s Vanity Fair New Establishment Summit in Beverly Hills, Viacom president and CEO Bob Bakish was asked what exactly was up. When the deal was announced, the combined entity was valued at $30 billion. Now…
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