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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 1952, CBS formed CBS Television Film Sales, a division which handled syndication rights for CBS's library of network-owned television series.This division was renamed CBS Films in 1958, again renamed CBS Enterprises in January 1968, and finally renamed Viacom (an acronym of Video and Audio Communications) in 1970.
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.
Viacom also bought independent Los Angeles station KCAL-TV in 2002, [33] creating a duopoly with CBS-owned KCBS, which broadcasting industry observers also speculated was done to use as possible future leverage against UPN affiliate KCOP-TV, another former Chris-Craft station owned by Fox. In 2005, Viacom bought CBS-affiliate KOVR in Sacramento ...
CBS Corporation retained the over-the-air broadcasting, television production, pay television subscription service, and publishing assets, which were previously owned by the first Viacom. The second Viacom was the world's ninth-largest media company in terms of revenue and headquartered at One Astor Plaza in Midtown Manhattan , New York City .
Radford Studio Center, alternatively CBS Studio Center, is a television and film studio located in the Studio City district in the San Fernando Valley of Los Angeles, California, United States. The lot has 18 sound stages from 7,000 to 25,000 square feet (700 to 2,300 m 2 ), 220,000 square feet (20,000 m 2 ) of office space, and 223 dressing rooms.
Sumner Murray Redstone (né Rothstein; May 27, 1923 – August 11, 2020) was an American billionaire businessman and media magnate.He was the founder and chairman of the second incarnation of Viacom, chairman of CBS Corporation (both companies merged in 2019, a year before Redstone's death), and the majority owner and chairman of the National Amusements theater chain.
Viacom Inc. [a] (derived from "Video & Audio Communications") was an American mass media and entertainment conglomerate based in New York City.It began as CBS Television Film Sales, the broadcast syndication division of the CBS television network in 1952; it was renamed CBS Films in 1958, renamed CBS Enterprises in 1968, renamed Viacom in 1970, and spun off into its own company in 1971.