Viacom’s Bob Bakish Praises “Creative Momentum” In Staff Memo As CBS Merger Intrigue Swirls

Read on: Deadline
As merger negotiations with
CBS hit a patch of turbulence today, Viacom CEO Bob Bakish delivered a memo to the troops praising Paramount Pictures and MTV for recent success and saluting the company’s “creative momentum.” For the past two months, committees at each company — which operate separately and have independent boards despite having National Amusements as controlling shareholder — have been exploring a possible merger. They have been separate companies since 2006…