February 25, 2020

Last fall, Viacom and CBS completed their merger, and it has taken a short-term toll on the company’s finances. In its fourth quarter and 2019 year-end results, ViacomCBS reports total revenue of $6.9 billion, a 3% decline over the fourth quarter of 2018. For the fourth quarter, the company also reports an operating loss of $13 million and a net earnings loss from continuing operations of $273 million, or $0.44 per diluted share. “In less than three months since completing our merger, we have made significant progress integrating and transforming ViacomCBS…”