CBS Analyst Says First Order of Business Is New CEO, Strategy

The transcript discusses CBS's need for a new CEO and strategy, highlighting the challenges in finding a suitable leader. It explores the potential for CBS to be an acquisition target, noting the lack of obvious buyers outside of Viacom and regulatory challenges. The discussion shifts to Viacom, considering its potential merger with CBS as a logical step to address industry challenges. The importance of scale, cost savings, and revenue synergies in the media industry is emphasized, with a focus on the need for strategic thinking and diversification.

What are the key factors that CBS needs to consider when looking for a new CEO?

Why is it challenging for CBS to find obvious buyers outside of Viacom?

What potential scenario is suggested regarding the future of CBS and Viacom?

How does the speaker view the current state of the media industry, particularly in relation to CBS and Viacom?

What are the implications of scale for CBS and Viacom in retaining contracts like the NFL?