There are only so many budding media mergers we can follow at this point, but it appears CBS chief Sumner Redstone is sweet on CNN, should Time Warner decide to sell.
CBS chairman Sumner Redstone and CEO Leslie Moonves reignited the prospect of a merger between CBS News and CNN at CBS’ annual meeting — and this time they’re talking about a full-blown acquisition of the cable news net. Serious talks on such a merger ended years ago.
At the meeting, Redstone told shareholders: “CNN would be a lot better off if CBS owned it.”
Not a chance, says Time Warner spokesman Ed Adler. “CNN is not for sale and is doing very well as part of Time Warner.”