Obama will visit Flint, Michigan on Wednesday to meet with residents who've lived with contaminated water.
Of course, that merger will depend on approval by regulatory boards in both countries, and a vote by shareholders.
The announcement is creating buzz on the stock market, where shares in advertising groups jumped today, with investors speculating that the deal could create an opening for rivals to poach defecting clients and potentially create new deals.
The new group is anticipated to be a stronger competitor to non-traditional media like Facebook and Google.
Throughout the week, Here & Now is looking at the impact a raise in the minimum wage would have on states, the federal government and workers.