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CBS, Viacom To Merge: What Comes Next?
Wednesday, August 14, 2019 - 11:07am | 486CBS Corporation (NYSE: CBS) confirmed a merger agreement Tuesday with its sister company Viacom, Inc. (NASDAQ: VIAB). CBS and Viacom share the same parent company, National Amusements, which is controlled by Shari Redstone, daughter of Sumner Redstone. Two Surprise Takeaways One of the...
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One Media Expert's Take On Why Plepler Quit HBO
Friday, March 1, 2019 - 12:08pm | 417AT&T Inc. (NYSE: T) CEO Randall Stephenson publicly praised HBO executive Richard Plepler on many occasions after buying the media property, but now the HBO executive is calling it quits after 27 years. The sudden move had CNBC's Andrew Sorkin asking New York Times media reporter and...
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Should Amazon Investors Be Concerned With The Bezos-Enquirer Scandal?
Friday, February 8, 2019 - 1:08pm | 459Amazon.com, Inc. (NASDAQ: AMZN) shares were trading lower by more than 2 percent Friday as investors digest the latest developments between CEO Jeff Bezos and the National Enquirer. NYT Reporter: 'Million Things Going On' New York Times reporter Ed Lee said Friday morning on CNBC's...
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Les Moonves Won't Get A Penny Of His $120M CBS Severance Package
Tuesday, December 18, 2018 - 10:39am | 478Former CBS Corporation (NYSE: CBS) CEO Les Moonves won't receive any of the $120 million severance package he was granted after the TV network's board of directors concluded it had grounds to terminate Moonves. What Happened Moonves resigned in September after sexual misconduct allegations...
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Netflix Strikes Balance Between Content And Spending, But Stock Trading Like A Takeover Target
Monday, July 17, 2017 - 12:29pm | 384There's much to love and hate about Netflix, Inc. (NASDAQ: NFLX) heading into the company's second-quarter earnings report on Monday. On the one hand, Netflix is the recipient of many Emmy nominations which reaffirms the quality of its content. On the other hand, the company continues to...
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Recode's Ed Lee On Twitter's M&A Outlook: 'It Comes Down To Price'
Wednesday, October 12, 2016 - 10:52am | 276Recode's Managing Editor Ed Lee was a guest on CNBC Wednesday to talk about the likelihood of Twitter Inc (NYSE: TWTR) being acquiring moving forward. According to Lee, salesforce.com, inc. (NYSE: CRM) is the "only major player" remaining and any future acquisition "comes...
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Do Apple Execs Lack Vision?
Monday, August 22, 2016 - 11:44am | 366Recode Managing Editor Ed Lee was a guest on CNBC's "Squawk Box" segment Monday to talk about Apple Inc. (NASDAQ: AAPL)'s management team, specifically whether the team lacks a proper vision. According to Lee, Apple's late CEO Steve Jobs was "all of the place" and "making changes at the last minute...