[Horizon]

Just a update, the CBS and Viacom remerger announcement is imminent, within the next few weeks, but also expect something to happen soon with Discovery too.

There's been heavy buying in options in Discovery over the last few days which in English means someone is putting a a lot of money into Discovery because they reckon (or have inside knowledge) that Discovery will either become a bid target or be the bidder. Watch this space, but expect something to happen over the next three months, based on this options buying spree. The options that have been bought expire in October.