CBS and Viacom have reportedly agreed that Viacom CEO Bob Bakish would lead the combined company if a merger deal is reached (CBS, VIAB)

Jesse Grant/Getty Images for Viacom

(Reuters) — Viacom Inc's Chief Executive Officer Robert Bakish is expected to lead the combined company if merged with CBS Corp, the Wall Street Journal reported on Friday, citing sources familiar with the matter.

The companies, both controlled by Shari Redstone's National Amusement, have been discussing a combination and still face some major hurdles, the Journal said, adding that CBS had not submitted a formal offer for Viacom.See the rest of the story at Business Insider

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