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CBS, Viacom merges into a single entity, ViacomCBS

CBS, Viacom merges into a single entity, ViacomCBS. Viacom CEO Bob Bakish will become the CEO of the combined company. Viacom owns Paramount Pictures and channels MTV, Comedy Central & BET. CBS has a broadcasting network, TV stations and stake in the over-the-air network of CW. CBS shareholders will hold 61% of the merged company and Viacom the rest.

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