Viacom’s Bob Bakish Praises “Creative Momentum” In Staff Memo As CBS Merger Intrigue Swirls

As merger negotiations with CBS hit a patch of turbulence today, Viacom CEO Bob Bakish delivered a memo to the troops praising Paramount Pictures and MTV for recent success and saluting the company’s “creative momentum.” For the past two months, committees at each company — which operate separately and have independent boards despite having National Amusements as controlling shareholder — have been exploring a possible merger. They have been separate companies since 2006…

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