Corden has signed a new contract that will keep him installed as host of The Late Late Show through August 2022. His current contract, signed in 2014 when he was announced as the successor to Craig Ferguson, was set to expire after the 2019-20 season.
Series creator Michael Rauch announced the cancellation Friday on Twitter, writing, “I’m very sad to relay the news that @instinctcbs won’t be renewed for a 3rd season. We will double up this Sunday and our season/series finale will be Aug 25.”
Jack Whitaker, whose Hall of Fame broadcasting career ranged from the first Super Bowl to Secretariat’s Triple Crown to short essays from major sporting events, died Sunday morning at 95.
Combining TV programming like NCIS, The Daily Show and Billions under one company isn’t enough in 2019 to compete with other big media companies.
Moody’s Investors Service has placed CBS and Viacom debt ratings up for review, adding that it will likely downgrade the broadcaster’s overall credit rating while boosting that of Viacom’s.
Shares in Viacom and CBS both declined more than 8% Wednesday as investors absorbed the details of the companies’ long-awaited merger during a broader stock market retreat. CBS stock closed at $44.62, 8% lower, and Viacom at $26.72, down 8.5%.
Ad sales chief Jo Ann Ross says that NFL CPMs are up mid-to-high single digits from last year, with insurance and tech giants leading the charge.
Viacom CEO Bob Bakish will become CEO of the combined company, ViacomCBS. Acting CBS CEO Joe Ianniello will become chairman and CEO of the CBS division. The deal is an all-stock transaction. The companies say the combined company will have $28 billion in revenue.
CBS and Viacom are inching closer to a deal that would join the onetime siblings after a three-year dance. But whether the reunion will solve their problems or simply kick them down the road remains one of the media world’s biggest questions.
As media giants gird for battle with Netflix and Amazon, CBS and Viacom continue to pursue marginally more patient streaming strategies, gaining steady ground without spending their way into trouble. Now, as the companies prepare finally to consummate a merger that has been many years in the making, they stand to become a bulked-up media player with arguably the industry’s most diversified streaming portfolio.