Search results
Results from the WOW.Com Content Network
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 ...
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.
The origins of CBS date back to January 27, 1927, with the creation of the United Independent Broadcasters network in Chicago by New York City talent agent Arthur Judson. The fledgling network soon needed additional investors, and the Columbia Phonograph Company, manufacturers of Columbia Records, rescued it in April 1927.
On September 9, 2018, Moonves left CBS after being accused by twelve women of sexual assault. National Amusements agreed to not propose a CBS-Viacom merger for at least two years after the date of the settlement. [74] On May 30, 2019, CNBC reported that CBS and Viacom would explore merger discussions in mid-June 2019.
In all, Apple has split its stock five times in its history. Tesla. In 2020, Tesla split its stock 5-to-1. This cut the electric car maker’s share price from about $2,250 per share to about $450 ...
By the time 2019 rolled around — a decade into the contract — CBS held, by far, the No. 1 single-game weekly package in all of college sports and yet only paid about $3.5 million per game.
For premium support please call: 800-290-4726 more ways to reach us
The CBS Corporation name was later reused for one of the two companies resulting from the split of Viacom in 2005. One of the few remaining original lines of business to survive this process was the nuclear power division, which was sold to BNFL in 1999 and re-formed as Westinghouse Electric Company .