The CBS board has decided the company needs to get bigger, but merging with Viacom is not enough for Shari Redstone, who has voting control of both companies. If the CBS-Viacom deal gets done, Redstone’s National Amusements would like to move quickly with a second deal, the people said. Discovery Communications is interested in selling to CBS or a combined CBS-Viacom, according to two sources. Redstone is open to the idea, but would also consider buying other companies, including Sony Pictures and MGM.
Multiple CBS-owned stations are adding the new offering from MGM, including WLNY New York, WPSG Philadelphia, WUPA Atlanta, as well as CBS-owned stations in San Francisco, Tampa and Seattle.
The Drama features outspoken experts who use humor to help viewers solve problems and Personal Injury Court with Judge Gino Brogdon will be shown at NATPE 2019.
MGM Holdings has reported a strong 42% third-quarter revenue hike to $380.2 million, thanks to higher television revenues. In a filling Thursday on its investor relations website, privately held MGM also disclosed that its earnings slid to $25.3 million from $114.2 million in the year-ago quarter and adjusted EBITDA declined to $34.5 million from $90.8 million.
MGM has promoted Brian Edwards to president of the studio’s television operations, where he will continue to report to Mark Burnett, chairman, Global Television Group. Edwards will oversee all business aspects of MGM’s television and digital productions.
The exec — who recently renewed his contract through 2022 — is abruptly leaving after eight years at the helm.