CBS merges with Viacom in blockbuster deal worth $34.5

Article Abstract:

CBS Corp has agreed to merge with Viacom Inc in a $34.5 billion stock deal. The deal will bring together CBS' television, radio and outdoor advertising holdings with Viacom's various media operations ranging from Paramount Pictures, MTV, Nickelodeon to Blockbuster video stores. The merger will result in a media giant with total assets of $80 billion. Their merger is seen as an offshoot of less stricter federal regulations regarding the ownership of TV stations and programming.

United States, Cable Networks, Cable Television Systems, CBS Corp.

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AMR hasn't ruled out further investment in CAI

Article Abstract:

AMR Corp of Fort Worth, TX, has announced that it may boost its investments in financially troubled affiliate, Canadian Airlines International Ltd. AMR subsidiary American Airlines Inc is the largest shareholder in Canadian Airlines, which are both support Onex Corp's unsolicited takeover bid to acquire and merge Canadian Airlines and Air Canada. AMR said that a combination of the two national carriers is needed to solve Canada's overcapacity problem in the airline sector.

Canada, Scheduled Airlines, Scheduled Air Transportation, Subsidiary-to-parent activities, Airlines, Canadian Airlines International Ltd.

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