The deal includes hit shows like "Big Bang Theory," The Grammys and the NCAA division 1 men's basketball championship.
CBS and Hulu are in the final stages of talks to include CBS in Hulu's live-streaming service. CNBC's Julia Boorstin reports.
NBC News chairman, Andrew Lack, wooed Megyn Kelly away from Fox News by offering her a triple role, The New York Times reports.
Burke Ramsey alleges that CBS and other defendants damaged his reputation through "false accusation that he killed his sister."
Redstone will continue to participate in meetings in a nonvoting role, Viacom says.
Sydney Holland's legal action comes three days after she claimed Redstone paid millions of dollars to multiple women.
The PwC study, which sampled more than 1,200 U.S. consumers, also found that customers were cutting the cord at a lower-than-expected rate.
Some of the names on the move ahead of the open.
With the CBS-Viacom deal off the table, the "Fast Money" traders discuss what may be the next media merger.
Experts agree that CBS has a stronger portfolio, and Viacom may find itself floundering given its low ratings and lack of digital expansion.
Stocks closed mostly lower on Monday despite oil prices soaring as Treasury yields spiked ahead of a key Federal Reserve meeting.
Shari Redstone's company says it's "not the right time to merge" CBS and Viacom.
Media titan Sumner Redstone gave out many millions of dollars to multiple mistresses, new legal filings claim.
Viacom elevates interim CEO Bob Bakish to permanent CEO. CNBC's Julia Boorstin reports.
National Amusements asks the boards of CBS and Viacom to discontinue their exploration of a potential combination, CNBC's Julia Boorstin reports.
Verizon has expressed interest in CBS, which may have been fueled by AT&T's pending purchase of Time Warner. CNBC's Morgan Brennan reports.
The "Squawk on the Street" crew discuss the news that Shari Redstone via National Amusements has withdrawn a proposal to merge CBS and Viacom.
CNBC's David Faber reports that Shari Redstone has withdrawn a proposal to merge CBS and Viacom, saying that she wants Viacom to remain an independent company.
Alexia Quadrani of JPMorgan on Wednesday reiterated an overweight rating on CBS, calling the stock a top pick for 2017.
Instead of having to pay for a TV bundle, now you can pay to watch channels à la carte via the internet. CNBC's Julia Boorstin reports.