Since taking over as Viacom’s chief executive last year with the blessing of powerful shareholder Shari Redstone, Bob Bakish has been working to win over Wall Street with moves meant to stabilize the embattled entertainment giant. Now, The Wall Street Journal reports, Bakish is contemplating what would be his boldest bet yet: an acquisition of rival media outfit Scripps Networks Interactive. Members of the Scripps family are expected to meet Tuesday to discuss a potential sale, according to people familiar with the matter. WSJ subscribers can read the full story here.
April 28, 2024
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