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Black Entertainment Television (BET) is an American basic cable channel targeting Black American audiences. It is currently owned by the BET Media Group, a subsidiary of Paramount Global's CBS Entertainment Group. Originally launched as a program block on January 25, 1980, BET would eventually become a full-fledged channel on July 1, 1983.
[4] [12] BET first turned a profit in 1985 and it became the first black-controlled company listed on the New York Stock Exchange in 1991. [12] [14] In 1998, Johnson and Liberty Media bought all outstanding shares of the company. [14] [15] This purchase gave Johnson 42% of the company.
The deal closed in 2001, with BET Holdings' networks becoming part of MTV Networks; but was eventually placed under BET Networks. In 2005, Robert Johnson retired as CEO, and was replaced with Debra L. Lee. Around the same time, Viacom was looking into splitting into two entities following multiple issues surrounding the company.
BET, or Black Entertainment Television, was founded by Robert Johnson in 1980, the first cable channel to cater to Black audiences. It was acquired by Viacom in 2001 in a deal worth $3 billion.
Recent news reports suggest Paramount Global may be considering a sale of its cable channel BET. Further reports identify media moguls Tyler Perry, Byron Allen, Sean “Diddy” Combs and a ...
Decades (50%, with Weigel Broadcasting) – Since fall 2019, Decades is carried on Fox-owned stations in 12 markets as part of a multi-year agreement between Weigel Broadcasting and Fox Television Stations, after switching from CBS-owned stations. [26] DreamWorks Pictures – spun off in 2008, currently a label of Amblin Partners. However ...
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Kevin Hart and his entertainment company Hartbeat are bringing back BET’s “Comic View” stand-up comedy franchise after a nine-year hiatus as part of a four-day weekend event in Las Vegas ...