CBS and Viacom Merging

CBS and Viacom are merg­ing, becoming one company again after their sepa­ration in 2006. As a result, their publishing divi­sion Simon & Schuster will report to Viacom CEO Robert Bakish (it previously reported to the head of CBS). S&S head Carolyn Reidy told her staff, “I always say that with change comes opportunity, and we will now be proudly associated with an even more formidable portfolio of brands and content. What doesn’t change is our status as a world-class publishing company, with a list of award-winning, bestselling, and rising authors, published by a staff of creative and hardworking professionals.”

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