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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 ...
Westinghouse renamed to CBS Corporation: 2000: Viacom acquires UPN and CBS Corporation: 2005: Viacom splits into second CBS Corporation and Viacom: 2006: CBS Corporation shuts down UPN and replaces it with The CW: 2017: CBS Corporation sells CBS Radio to Entercom (now Audacy) 2019: CBS Corporation and Viacom re-merge as ViacomCBS: 2022 ...
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.
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]
National Amusements, Inc. is an American privately owned movie theater operator and mass media holding ... shares of CBS: ... Viacom's declining stock price, National ...
Reports say that CBS and Viacom reportedly set August 8 as an informal deadline for reaching an agreement to recombine the two media companies. [76] [77] CBS announced to acquire Viacom as part of the re-merger deal for up to $15.4 billion. [78] On August 2, 2019, it was reported that CBS and Viacom agreed to merge back into one entity.
CBS Cable Networks – folded into Viacom Media Networks, later renamed to ViacomCBS Domestic Media Networks (later Paramount Media Networks) CBS EcoMedia; CBS Experiences Inc. CBS EYE Productions; CBS Films – Dormant and absorbed into CBS Studios with the theatrical distribution moved to Paramount Pictures in 2019.
14 Previously owned by CBS Corporation, and before 2019, half of the share was owned by Lionsgate. Formerly known as TVGN, TV Guide Network, and TV Guide Channel. 15 Established by Viacom's Showtime Networks in 1992 and later became part of CBS Corporation following Viacom's split in 2006.