- 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.