CBS and Viacom get closer to merging

CBS chair Shari Redstone. Photo: Drew Angerer/Getty Images

Merger talks between CBS and Viacom could reach a "critical stage" tomorrow, when the CBS board is scheduled to discuss the deal, according to Fox Business Network.

The bottom line: It's been a long time coming. Shari Redstone, the majority shareholder of both Viacom and CBS, has wanted to combine the companies for years, but was regularly thwarted by a CBS board led by then-CEO Les Moonves. With Moonves now gone and a new board in place, a merger seems likely.

CBS News names Norah O'Donnell "Evening News" anchor in staff shakeup

Gayle King and Norah O'Donnell. Photo: Kevin Winter/Getty Images

CBS News announced a staff reshuffle on Monday, naming Norah O'Donnell as the anchor and managing editor of "CBS Evening News" and announcing Gayle King would be flanked by Anthony Mason and Tony Dokoupil on "CBS Morning News" as John Dickerson shifts to a role at "60 Minutes."

Why it matters: The shakeup represents the first big move by new CBS News President Susan Zirinsky, the network’s first female president, to revive the news division after a rocky two years. "CBS This Morning" has struggled to find its footing after the firing of longtime anchor Charlie Rose in 2017. The evening news show has lagged in ratings for the past 18 months under anchor Jeff Glor.