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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 ...
Executive Kent Alterman would take charge of Paramount Network and TV Land to go with his current leadership of Comedy Central and Bellator MMA. [20] In 2019, after acquiring the free streaming service Pluto TV, Viacom would launch several channels on the service branded after its Media Networks and company–owned IP. [21] [22] [23] [24]
ViacomCBS will change its corporate name to Paramount as of Feb. 16, calling the move an effort to adopt “an iconic global name” to reflect the conglomerate’s increasingly worldwide focus.
The new-model Paramount is also pouring money into content at a rate that neither Viacom nor CBS Corp. was able to do on its own prior to the re-merger of the Redstone media empire in late 2019 ...
On July 10, 2012, during contract negotiations over raising carrier rates the U.S. satellite TV provider, DirecTV's executives approached Viacom with a new proposal and a request to continue broadcasting 17 of Viacom's television networks (including Nickelodeon, MTV, Logo, and Comedy Central) during talks, but received no response and thus ...
During his tenure, Bakish expanded Viacom's international footprint, [27] [37] and VIMN was Viacom's most successful division; revenue doubled, and VIMN grew to more than 200 television channels. [26] [38] [5] Under his leadership, the Paramount Channel was launched, offering movies and television shows in Europe, Latin America and Russia.
Gulf+Western renamed to Paramount Communications: 1994: Viacom acquires Paramount Communications: 1995: 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 ...