woods even after a nice pop today. >> all right, we're going to take a pause, gentlemen, because we have breaking news on cbs and viacom, officially announcing a merger deal. let's go to alex sherman who has been monitoring this >> so yeah, this has been three years in the waiting, but it's finally official after several starts and stops cbs and viuconn officially agreeing to merge. it puts to rest a saga that has gone back and forth, of course, les moonves leaving as ceo of cbs last year, and then cbs refreshing its board, really talking to viacom's board all year long. exploring various different options, trying to figure out is this the best path forward it puts these two companies that were one for many years up until 2006 back together under the de facto control of sherry headstone, who controls national amusements, the holding company. sher shari redstone is the ceo of viacom and redstone. it shows so many mergers in the past two, three, four years now, and cbs and viacom are two companies, each less than $20 billion market cap, that need to get bigger to compete with the netflix and amazons and the other legacy companies that have already gotten bigger. this is a st