Search results
Results from the WOW.Com Content Network
On March 30, 2018, CBS Corporation made an all-stock offer slightly below Viacom's market value, insisting that its existing leadership, including long-time chairman and CEO Les Moonves, oversee the re-combined company. Viacom rejected the offer as too low, requesting a $2.8 billion increase and that Bob Bakish be maintained as president and ...
Avid Technology, Inc. is a global technology company headquartered in Burlington, Massachusetts, and was founded in August 1987 by Bill Warner. [ 2 ] [ 3 ] It develops software, SaaS, and hardware products used in media and entertainment.
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 ...
In 2019, it was announced that the multinational media conglomerates controlled by National Amusements — Viacom and CBS Corporation — would re-merge to form a new company named ViacomCBS. [16] Viacom and CBS announced that the merger would close on December 4; [17] [18] following the official close, [19] the company began trading on the ...
In November 1985, Viacom announced that it had plans to buy the remaining 69% of MTV Networks from Warner for $326 million, [7] and the acquisition was completed on May 20, 1986. [8] In 1988, the company partnered with fellow Viacom subsidiary Viacom Enterprises to handle advertising sales of Superboy, a syndicated television series. [9]
But Viacom prevailed, ultimately paying $10 billion for the Paramount holdings. Viacom and Paramount had planned to merge as early as 1989. [74] Paramount is the last major film studio located in Hollywood proper. When Paramount moved to its present home in 1927, it was in the heart of the film community.
Avid Technology said on Wednesday it had agreed to go private in an all-cash deal with an affiliate of Symphony Technology Group (STG) that valued the media editing software company at about $1.4 ...
Viacom Productions (formerly Viacom Enterprises) was a television production arm of Viacom.Viacom Enterprises was also a movie producer, and a sports producer.The division was active from 1971 until 2004, when the company was folded into Paramount Television 10 years following Viacom's acquisition of Paramount Pictures, and led Perry Simon to move itself to Paramount for a production deal.