Shares of CBS and Viacom were dented in trading Monday as investors awaited news of a merger agreement between the two media companies controlled by the Redstone family. Viacom shares fell 5% to close at $28.53. CBS shares slipped 2% to close at $47.91 on what was a down day for the major indices overall.[…..] […]
CBS and Viacom Shares Drop as Merger Talks Drag On