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Fly News Breaks for August 14, 2019
CBS, VIAB
Aug 14, 2019 | 07:44 EDT
Commenting on the announced Viacom (VIAB)/CBS (CBS) deal, Credit Suisse analyst Meghan Durkin says that a merger should remove the uncertainty overhanging the two companies and has the ability to create incremental value well beyond cost synergies. Still, with the deal just signed, the analyst believes the operational strategy and corporate structure has not been flushed out with the details to model with confidence the revenue synergies that would attract new investors.
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