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The company was established in 1983 as Showtime/The Movie Channel, Inc. after Viacom and Warner-Amex Satellite Entertainment (now Paramount Media Networks) merged their premium channels, Showtime and The Movie Channel respectively, into one division.
On August 27, 1985, Warner sold 31% of MTV Networks to Viacom, with Warner also selling 19% of its Showtime/The Movie Channel, Inc. joint to Viacom as well. [5] [6] In November 1985, Viacom announced that it had plans to buy the remaining 69% of MTV Networks from Warner for $326 million, [7] and the acquisition was completed on May 20, 1986. [8]
Turner Broadcasting System (Time Warner) December 15, 2004: Launched on December 29, 1995. A few cable systems switched the channel space to CNN International after discontinuation. Current TV: Al Gore/Joel Hyatt: August 20, 2013 Launched on August 1, 2005. Replaced by Al Jazeera America. Documentary Channel: Participant Media: August 1, 2013
Two weeks later on August 26, Viacom acquired Warner Communications and Warner-Amex's combined 50% ownership interest in Showtime/The Movie Channel, Inc. as well as full ownership of the Warner-Amex and public shareholder interests in MTV Networks for $671.7 million, giving Viacom exclusive ownership of both networks and once again making it ...
Layoffs will be hitting 25% of employees across the Showtime, MTV Entertainment Studios and Paramount Media Networks groups in the U.S. Tuesday, following months of internal deliberations about ...
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 ...
A federal judge’s decision to allow AT&T’s acquisition of Time Warner is destined to have ripple effects in the media business. “I think you’ve cleared the way for more consolidation ...
Time Warner Cable (NYSE: TWC ) is expected to report Q2 earnings on Aug. 2. Here's what Wall Street wants to see: The 10-second takeaway Comparing the upcoming quarter to the prior-year quarter ...