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Westinghouse Electric Corporation changed its name to and became the original CBS Corporation in 1997. [18] Also in 1997, the Power Generation Business Unit, headquartered in Orlando, Florida, was sold to Siemens AG of Germany. [19] A year later, CBS sold all of its commercial nuclear power businesses to British Nuclear Fuels Limited (BNFL). [20]
On December 31, 2005, American mass media company Viacom split into two companies: the second CBS Corporation, its successor (the first being a short lived rename of Westinghouse Electric) which held the namesake flagship channel CBS, CBS News, CBS Sports, Showtime Networks, UPN (merged with The WB to form the CW, co-owned by Time Warner), Smithsonian Channel, Simon and Schuster, Infinity ...
CBS Corporation was an American multinational media company with interests primarily in commercial broadcasting, publishing, and television production.It was split from Viacom on December 31, 2005, alongside an entirely new Viacom; both CBS Corporation and the second Viacom were controlled by National Amusements, a theater company owned by billionaire Sumner Redstone.
The 2019 merger of CBS Corporation and Viacom was announced on August 13, 2019, and was completed on December 4, 2019. The merger of equals reunited CBS Corporation and Viacom into a single company known as ViacomCBS (today known as Paramount Global) after their separation from the first incarnation of Viacom on December 31, 2005.
In 1999, CBS Corporation sold its nuclear business (Westinghouse Electric Company) to British Nuclear Fuels Limited (BNFL) [4] and a year later CBS Corporation was merged into Viacom (1971–2005), putting an end to the original Westinghouse.
CBS and Viacom are finally, really, back to together. Less than four months after announcing their intentions to rejoin as one company, the companies closed their merger on Wednesday, beginning ...
Several large investment funds had sued Paramount Global alleging that the company pushed through the 2019 merger of Viacom and CBS at the expense of minority shareholders. Paramount to pay $122.5 ...
The Westinghouse Electric and Manufacturing Company entered broadcasting with the November 2, 1920, sign-on of KDKA radio in Pittsburgh. [5] The oldest surviving licensed commercial radio station in the United States, KDKA was an outgrowth of experimental station 8XK, a 75-watt station that was located in the Pittsburgh suburb of Wilkinsburg, and founded in 1916 by Westinghouse assistant chief ...