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Viacom lower as Rosenblatt cuts to Sell amid CBS merger chatter

Jan. 16, 2018 9:24 AM ETParamount Global (PARA) StockVIA-OLD, VZ, VIAB, PARABy: Jason Aycock, SA News Editor8 Comments
  • With chatter high again about recombining CBS (NYSE:CBS) with Viacom (VIA, VIAB), Rosenblatt has downgraded Viacom to Sell.
  • VIA is down 2.3% premarket; VIAB down 2.4%.
  • Though Shari Redstone wants to combine the companies (both of which are controlled by the Redstones' National Amusements), there's few synergies to the move, says analyst Alan Gould.
  • And given that and the fact that the Redstones might be unwilling to sell Viacom, CBS is a better partner with someone like Verizon (NYSE:VZ), he says. CBS is up 1.3% premarket.

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