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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, Channel 10, PopTV, Simon and ...
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".
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.
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 ...
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.
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 ...
Westinghouse acquires CBS: 1997: 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 ...
Because of this, CBS Musical Instruments division executives executed a leveraged buyout in 1985, and created Fender Musical Instruments Corporation. At the same time, CBS divested itself of Rodgers, along with Steinway and Gemeinhardt, all of which were purchased by holding company Steinway Musical Properties.