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[12] [14] When the network launched in 1980, it only aired for two hours on Friday night. [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.
Black Entertainment Television LLC (doing business as the BET Media Group, and formerly known as BET Networks) is an American television company currently owned by American media conglomerate Paramount Global under its CBS Entertainment unit. Founded by Robert L. Johnson in 1983, the holding was bought by the first incarnation of Viacom in 2001.
BET Jams is an American pay television network airing hip-hop and urban contemporary music videos on a thrice-daily automated wheel schedule of eight hours outside of temporary "roadblock" closures during Paramount Global's awards events, with all of its programming currently denoted in hour blocks as BET Jams – Music Videos within electronic ...
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.
The potential buyers include BET Chief Executive Officer Scott Mills and Chinh Chu, a former Blackstone executive who runs New York-based CC Capital Partners, the report said. Paramount and CC ...
The leadership team at Skydance approved of the possible sale of a number of Paramount properties that were judged "not strategic" for their goals, including BET and others. [40] According to reports, Paramount started negotiations to sell BET Networks for $1.6–$1.7 billion to purchasers led by Scott Mills, the CEO of the business. [41]
BET’s decision to embrace hip-hop literally paid off: Johnson and his then-wife, Sheila, sold the network to Viacom in 2000 for $3 billion — which made them the nation’s first Black ...
BET Holdings, Inc. - 15% with Robert L. Johnson, BET executives and shareholders, Taft Television & Radio Company and Liberty Media/Tele-Communications, Inc., sold its stake in 1996; currently owned by Paramount Global through its CBS Entertainment Group division. BET Action Pay-Per-View - purchased by TVN Entertainment Corp. in 2001; BET on Jazz