By Kate Ward
Updated May 05, 2010 at 10:54 PM EDT

The New York Times reports that CNN and CBS are in talks to combine their news resources, allowing for possible cost savings for CBS. The latter network has placed last amongst its evening news competition for the past 12 years, and has been forced to cut staff members in recent years. (CNN, on the other hand, has hired new staffers.) A deal reaching $10.8 billion between CBS Sports and Turner Sports could be reached.