Shari Redstone said the combination of Viacom Inc. and CBS Corp., the companies that make up her family’s media empire, will create a content giant that can compete with larger industry rivals, even if she doesn’t pursue additional mergers. CBS and Viacom announced a deal in August that is expected to close late this year, creating a new company, ViacomCBS Inc. Ms. Redstone, president of National Amusements Inc., the holding company that controls Viacom and CBS, dismissed concerns that ViacomCBS will be too small compared...

Source: Wall Street Journal October 22, 2019 04:52 UTC