Representatives for ViacomCBS and Verizon did not respond to Deadline`s request to comment on the agreement. On September 14, 2020, ViacomCBS announced an agreement to sell CNET Media Group to Red Ventures for $500 million. The agreement includes the same CNET-Tech site, as well as ZDNet, GameSpot, the Digital Assets TV Guide, Metacritic and Chowhound. [41] [42] The agreement was reached on October 30, 2020. [43] NEW YORK— (BUSINESS WIRE)–ViacomCBS (NASDAQ: VIACA, VIAC) and Google today announced a comprehensive, multi-year distribution agreement to provide more content to the leading viacomCBS information, entertainment and sports network offering for YouTube TV subscribers. In addition to the continued transportation of CBS, CBS Sports Network, Pop TV, Smithsonian Channel and The CW, the expanded agreement introduces 14 ViacomCBS channels into over-the-air and subscription-based television services. On May 30, 2019, CNBC indicated that CBS Corporation and Viacom would review merger negotiations in mid-June 2019. Cbs` board of directors has been reorganized with individuals open to a merger; The merger was made possible by the resignation of Moonves, who had opposed all merger attempts. Discussions began following rumors of CBS` takeover of Lionsgate`s Starz. [20] According to reports, CBS and Viacom have set August 8 as an informal deadline for a recombination agreement between the two media companies.

[21] [22] CBS announced that it would contract Viacom for up to $15.4 billion as part of the merger agreement. [23] On August 13, 2019, CBS and Viacom officially announced their merger. The combined company was to be called ViacomCBS, with Shari Redstone being the president. [27] [28] [29] As a result of the merger agreement, Viacom and CBS jointly announced that the transaction would be completed by the end of 2019, until regulatory and shareholder approvals were available. [29] The transaction must be approved by the Federal Trade Commission. [29] The boards of cbs Corp. and Viacom Inc. said Tuesday that they have finally agreed on their long-awaited merger, which will form a $28 billion entertainment company controlled by the Redstone family`s National Amusements Inc.