Jan 12, 2018

Report: Viacom, CBS back to merger talks

Shari Redstone, vice-chairwoman of National Amusements, the holding company for CBS and Viacom, is looking at potentially bringing the two broadcast giants back together, The Wrap reports.

Why it matters: Two pending mega-mergers between AT&T and Time Warner, as well as Walt Disney Co. and 21st Century Fox, have put pressure on the rest of the entertainment ecosystem to merge and scale in order to keep up with their new ventures, and tech giants like Netflix and Amazon.

The backstory: The two companies have shared a complicated business relationship for years. After merging in 1999, Redstone's father, Sumner Redstone, split the companies in 2005. Both businesses have been managed independently ever since. Redstone made waves when she tried to bring the two companies together in late 2016, only to reverse her decision months later.

In a departure from previous merger talks, sources tell The Wrap that CBS chief executive Les Moonves is now open to a possible deal.

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Mass shooting in Milwaukee: What we know

Milwaukee Mayor Tom Barrett in 2012. Photo: John Gress/Corbis via Getty Images

Six people died in a shooting at the Molson Coors Brewing Company in Milwaukee on Wednesday, including the gunman, Mayor Tom Barrett told reporters at a Wednesday evening press conference with local police.

Details: All of the victims worked at the brewery complex, as did the shooter who died of "an apparent self-inflicted gunshot wound," police confirmed in a statement late Wednesday.

Go deeperArrowUpdated 7 hours ago - Politics & Policy

Coronavirus updates: South Korea case count tops 2,000

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

33 people in California have tested positive for the coronavirus, and health officials are monitoring 8,400 people who have recently returned from "points of concern," Gov. Gavin Newsom said Thursday.

The big picture: COVID-19 has killed more than 2,850 people and infected over 83,000 others in some 50 countries and territories. The novel coronavirus is now affecting every continent but Antarctica, and the WHO said Wednesday the number of new cases reported outside China has exceeded those inside the country for the first time.

Go deeperArrowUpdated 7 hours ago - Health

Syria's darkest chapter

Family room without a family, in Idlib. Photo: Muhammed Said/Anadolu Agency via Getty Images

The worst humanitarian crisis of Syria’s brutal civil war is colliding today with what could be the war’s most dangerous geopolitical showdown, after at least 29 Turkish troops were killed in an airstrike.

The big picture: The fighting is taking place in Idlib in northwest Syria, where a ferocious Syrian and Russian offensive has displaced 1 million civilians and infuriated Turkey, which borders the region.

Go deeperArrow9 hours ago - World