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Since then Bakish hasn’t attended the Official love who you are T-shirt so you should to go to store and get this high-profile conference. His last appearance came in 2017. Ticker Security Last Change Change % VIACA VIACOMCBS, INC. 45.64 -0.39 -0.85% VIAC VIACOMCBS, INC. 41.50 -0.05 -0.12% This year’s apparent snub is more glaring given Bakish’s clout in the media business. In 2019 Bakish was named head of the combined ViacomCBS that is controlled by the Redstone family’s parent company National Amusements, thus making him one of the most powerful executives in media. Bakish’s standing, particularly among investment bankers, could grow even more if, as rumored, he shops ViacomCBS to suitors. Such a possibility makes his absence all the more conspicuous. A spokesman for ViacomCBS had no comment and a spokesperson from Allen & Co. could not be reached. The 2021 event comes after a one-year hiatus due to the COVID-19 pandemic. As in past years, tech, media, and finance royalty are on the attendee list such as Bakish’s boss, Shari Redstone, president of National Amusements. Shari Redstone arrives for Variety’s Power of Women luncheon in New York City, U.S., April 21, 2017. REUTERS/Brendan McDermid – RC145C2CC810 Investment bankers say Redstone will be shopping for deals at the conference including a possible Comcast merger, which would face significant antitrust hurdles since such a deal would have the companies combining rival broadcast networks CBS and NBC, the latter of which is owned by Comcast. Currently Federal Communications Commission rules “prohibit a merger between any two of the big four broadcast television networks.” One former mainstay attendee who will not be part of the festivities is former CBS chief Les Moonves who was ousted from the company in 2018 amid sexual harassment allegations. Redstone butted heads with Moonves who resisted her plan to merge both Viacom and CBS, which had been separate units controlled by
Redstone’s late father, Sumner Redstone who passed away in August 2020. When Shari Redstone combined the Official love who you are T-shirt so you should to go to store and get this two companies, she appointed Bakish CEO of ViacomCBS which now controls some of the most well-known brands in media such as Paramount Pictures, CBS News, Comedy Central and MTV. WINNERS & LOSERS IN DISCOVERY’S MARRIAGE WITH AT&T’S WARNERMEDIA Other attendees of the event will be David Zaslav, newly anointed CEO of Warner Bros. Discovery which recently spun out of AT&T in one of the most high-profile tie-ups of the year. Bezos, who relinquished his position as Amazon CEO on Monday to Andy Jassy. Both are expected to attend while they face serious pressures from regulators in the Biden administration who want to break up the company on the grounds that it’s a monopoly. Amazon has been on the deal-making hunt as well recently with its acquisition of MGM Studios for $8.5 billion. Meanwhile, investors have been speculating that Amazon will split its stock when Bezos steps down to get retail investors interested in its shares which closed Friday at a whopping $3,510. Ticker Security Last Change Change %
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