When CBS and Viacom split more than 10 years ago, Viacom was supposed to be the crown jewel. It had the cable networks, the media industry's money-makers. Fast-forward to today, and Viacom is floundering as millennials ditch cable TV and Paramount Pictures struggles. CBS, meanwhile, is flourishing from must-see broadcast network programming and hit shows on Showtime. Now, controlling shareholder National Amusements is calling for the two companies to explore coming together again. Bloomberg reporter Lucas Shaw and editor Crayton Harrison explain the pluses and minuses of a merger to Deal of the Week host Alex Sherman.

<p>When CBS and Viacom split more than 10 years ago, Viacom was supposed to be the crown jewel. It had the cable networks, the media industry's money-makers. Fast-forward to today, and Viacom is floundering as millennials ditch cable TV and Paramount Pictures struggles. CBS, meanwhile, is flourishing from must-see broadcast network programming and hit shows on Showtime. Now, controlling shareholder National Amusements is calling for the two companies to explore coming together again. Bloomberg reporter Lucas Shaw and editor Crayton Harrison explain the pluses and minuses of a merger to Deal of the Week host Alex Sherman.</p>

Bloomberg M&A reporters, joined by outside experts and members of Bloomberg's Deals team, examines the week's biggest deals and highlights M&A trends most under scrutiny by Wall Street. He'll talk to reporters who broke Bloomberg's major scoops and interview investors, executives, lawyers and bankers for an inside peek into what's going on inside corporate boardrooms and what it's like working with the world's largest companies and richest people.

Bloomberg M&A reporter Alex Sherman examines the week's biggest deals and highlights M&A trends most under scrutiny by Wall Street.

Deal of the Week

46: Redo! Putting CBS and Viacom Back Together

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