ViacomCBS says probe didn't support claim against CEO Bob Bakish
The company's board said an independent review did not support the allegation, but stressed that it "takes any allegation of this type seriously."
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The company's board said an independent review did not support the allegation, but stressed that it "takes any allegation of this type seriously."
Sumner Redstone, who built what is now ViacomCBS, created a media empire over several decades.
"I am committed to deeper connections, more profound learning and strengthening the bond between our two cultures today and every day going forward," Cannon said on social media.
Nick Cannon's "hateful speech" and anti-Semitic theories led ViacomCBS to cut ties with the TV host and producer. The company's move came in response to remarks Cannon made on a podcast on YouTube. CBS Los Angeles reports. (ViacomCBS is the parent company of CBS News).
The comments came on the podcast "Cannon's Class" on YouTube. Cannon said he takes "full responsibility" for his comments and encourages open dialogue.
Paramount Network pulls plug on controversial series, which has been under scrutiny for years.
CBS is buying Viacom in a deal executives hope will help them save money and compete with larger rivals like Disney and Netflix.
Viacom and CBS Corp. are again joining forces to bolster their positions in a rapidly changing industry that's pushing other media companies to bulk up. The two first merged in 1999 and broke apart in 2005. Now, they are ViacomCBS, with a collection of cable channels, broadcast networks and film and publishing divisions.
CBS and Viacom have completed their merger. ViacomCBS Chairman Shari Redstone and ViacomCBS President and CEO Bob Bakish celebrated the new corporate combination with a ceremonial ringing of the opening bell at the Nasdaq MarketSite in New York's Times Square. Anne-Marie Green and Vladimir Duthiers have more.
Also coming to CBS' digital streaming service: "Tooning Out the News" and new details for "The Twilight Zone" and "Star Trek: Picard."
Can the newly merged ViacomCBS work the second time around? Investors hope the streaming revolution can make it so.
Once married, then divorced, now to be reunited: The two companies, both controlled by Shari Redstone, hope bigger will be better the second time around as other media giants consolidate
Under potential agreement, Redstone's side would not pursue the Viacom merger for at least a year; CEO Les Moonves could get $100 million exit package
Tommy, Chuckie and the gang have a new TV and movie deal
Combo candidates include Fox and Disney (or Fox and Comcast), Sprint and T-Mobile, CBS and Viacom, and many more
Court rules that Shari Redstone can challenge a plan by CBS directors that would dilute her stake in the broadcaster
Lawsuit claims her push to combine the two media companies is not in the best interest of other CBS shareholders
The emergence of new content creators and upheavals in network and cable TV have old and new media looking to gain scale
Viacom management change and CBS strength convince their parent firm that they would perform better separately
Consider its low-price DirecTV Now streaming service: Just what will viewers get for their for $35-a-month service?
Family that controls both media giants wants to combine them again a decade after their split
Media giant's move comes after legal fight for control of the company ended with departure of CEO Philippe Dauman last month
Boardroom battle at media giant Viacom; Brexit debate halted after Brit MP's murder; gun sales surge at Smith & Wesson. These headlines and more from CBS MoneyWatch
Company blames weak performance of "Teenage Mutant Ninja Turtles" movie, as well as a delay in closing a streaming video deal
Attorneys at Nike, Hormel Foods, Estée Lauder, Reddit and others urge Judiciary Committee to consider high court nominee