Re: Have you heard more about this???

[TC Cheever <tc@chaostheory.com>]

Donna Halper wrote:
> 
> >a friend of mine from Chicago wrote--
> >I just heard Viacom is BUYING CBS.  For a 70+ CEO, Sumner Redstone  is
> >sure going strong.
> Would Mel the Billionaire sell CBS?  And how would that affect the Boston
> market radio and TV wars?

Full story is up on CNN/FN:
http://cnnfn.com/1999/09/07/deals/cbs/

Viacom will merge with CBS in a $35 Billion all-stock deal. Redstone remains
Chairman of the new entity (still called Viacom) and Karmazin is
President/CEO. Press conference started at 1pm & is available live on CNN &
various other outlets.

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