CBS-Viacom merger may be closer to reality, thanks to Redstones and National Amusements

The oft-foretold reunification of CBS Corp. and Viacom Inc. may be moving closer to reality. 

National Amusements Inc., the investment vehicle of media mogul Sumner Redstone, is preparing to call on the two companies to consider merging, two people close to the matter said Wednesday.

National Amusements, which controls 80% of the voting shares of Viacom and CBS, is preparing a letter to send to the two companies’ boards in the coming days, according to the two people, who declined to be named because the proposal is private.

Viacom, which owns cable channels such as MTV and Comedy Central as well as Paramount Pictures, is expected to form a special committee to review a possible merger. CBS has not yet convened such a committee.

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