CBS, Viacom merger deal won't be announced Thursday as originally expected
likely won't reach a merger agreement in time for CBS's earnings release on Thursday, according to sources familiar with the situation. The companies originally hoped to have a deal by August 8.
The companies are still negotiating over the exchange ratio, sources said. A deal is expected in the coming days. CBS and Viacom do not plan to answer questions related to the merger on Thursday's earnings call.
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