Wall Street may be banking on an eventual CBS-Viacom merger, but don’t count on it in 2016.
There were no signs of an imminent deal based on the comments by the top executives at their presentations to the UBS Global Media and Communication Conference held Monday. Neither CBS Corp. Chairman Leslie Moonves nor Viacom interim Chief Executive Bob Bakish hinted of an immediate future together.
Although he acknowledged that “anything can happen,” Moonves expressed confidence that CBS would continue to prosper on its own.
“We are very happy the way we are as a stand-alone company,” Moonves said. “We’ve said this and we truly...