Streaming media

Investors bearish as Viacom and CBS deal nears close

Data: Money.net; Chart: Andrew Witherspoon/Axios

The merger between Viacom and CBS is expected to close this week, but investors don't seem too excited about it. Shares from both companies have been down since the all-stock deal was formally announced in mid-August.

Why it matters: Analysts have expressed reservations about whether the combined company will be big enough to compete with the likes of Amazon and Netflix.

Cheddar to launch D.C.-based political show in 2020

Jon Steinberg, founder & CEO of Cheddar
Jon Steinberg, founder & CEO of Cheddar in 2016. Photo: Matthew Eisman/Getty Images

Cheddar is launching a political show called Cheddar Capital early next year, executives tell Axios.

The big picture: The show will be based out of D.C. and is the brainchild of Jon Steinberg's newest hire, Altice News’ VP and GM for political partnerships Peter Cherukuri.