ViacomCBS Chair Shari Redstone was doing the rounds at Sun Valley but contrary to reports, she did not have a meeting with Comcast CEO Brian Roberts at the Allen & Co.
mogul mountain retreat, according to a person familiar with the situation. The Philly-based conglom has been the subject of constant deal speculation since two big mergers have promised toredraw the landscape if and when they close.Within a week in May, AT&T’s WarneMedia announced plans to combine with Discovery and Amazon to buy MGM – the latter deal currently being scrutinized at an FTC led by antitrust reform champion Lina Khan.
Both agreements were geared towards streaming muscle content in an increasingly competitive market. Platforms multiplied and subscribers surged in
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