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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.
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, Channel 10, PopTV, Simon and ...
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. [40] [41] [42] 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. [42]
The public turmoil led to increased chatter surrounding a potential sale throughout the late 2010s, both prior to and after the eventual merger of Viacom and CBS Corp. in 2019.
On May 5, 2023, CBS News and Stations has the right to pull CW-owned stations under the Nexstar buyout deal on September 1, 2023. [2] Utica, New York: WKTV-DT2 2.2: 2006-2015 CBS: WFXV-DT2 33.2 Moved to WKTV-DT3, displacing MeTV to a new fourth subchannel, as a result of an affiliation deal between WKTV and CBS. WKTV-DT3 2.3: 2015-2024 Independent
CBS is making buyout offers to employees, Variety has learned, a process that began last week. The offers are being made to those whose age and years of experience total 80 or more years, which ...
CBS is reportedly near a deal to buy half of the TV Guide Network.That would give CBS its first entertainment channel on cable. The network offers movies, TV show reruns, and infomercials, and is ...
CBS is swapping the stations and US$170 million in cash for 7.59 million shares of CBS common stock held by Liberty Media. On February 26, 2007, CBS began investing in Electric Sheep, which is a virtual world content developer. CBS hired Electric Sheep to develop some projects, including the creation of "The L-Word in Second Life".