Representatives of CBS Corp. and Viacom Inc. have reached a working agreement on the management team that would lead the combined company in the event of a merger, people familiar with the matter said, resolving a critical question that threatened to stand in the way of a deal.

Joe Ianniello, the acting chief executive of CBS Corp., would be offered a job overseeing all of CBS’s branded assets at the combined company under the working agreement, the people said.


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