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In August 2019, Viacom announced that it would merge with CBS Corporation, reuniting the two entities under the ViacomCBS name. [25] [26] The merger closed on December 4, 2019. [27] [28] Announced on November 11, 2019, as part of the re–merger, the Media Networks division was renamed ViacomCBS Domestic Media Networks, and reorganized.
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.
On August 13, 2019, CBS and Viacom officially announced their merger; CBS would purchase Viacom and change its name to ViacomCBS (now Paramount Global). Bakish would become president and CEO of ViacomCBS with Ianniello serving as chairman and CEO of CBS, where he would oversee the CBS-branded assets.
On August 13, 2019, CBS and Viacom officially announced their merger; the combined company was to be named ViacomCBS, with Shari Redstone serving as chair. [ 11 ] [ 12 ] [ 13 ] Upon the merger agreement, Viacom and CBS jointly announced that the transaction is expected to close by the end of 2019, pending regulatory and shareholder approvals ...
The company was formed on December 4, 2019, as ViacomCBS through the merger of the second incarnations of CBS Corporation and Viacom [4] (which were split from the original Viacom on December 31, 2005). The company took its current name on February 16, 2022.
The transaction included a 10-year license that allowed Cedar Fair to use the Paramount name in the parks through the 2017 season. [ 12 ] On February 7, 2007, CBS sold seven smaller-market stations in Providence, Rhode Island , Austin, Texas , Salt Lake City and West Palm Beach, Florida to Cerberus Capital Management for US$185 million. [ 13 ]
Paramount Networks Americas, formerly MTV Networks Latin America, Viacom International Media Networks The Americas and ViacomCBS Networks Americas, is a regional subsidiary of Paramount International Networks. Its operational headquarters is located in Miami, Florida, with offices in Mexico, Brazil, Argentina, Chile and Colombia.
Paramount Streaming (formerly CBS Digital Media, CBS Interactive, and ViacomCBS Streaming) is a division of Paramount Global that oversees the company's video streaming technology and direct-to-consumer services; including Pluto TV and Paramount+.