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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 ...
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.
News reports estimate the deal at about US$234 million. 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.
The stock has more than doubled in price since the beginning of 2021. Last year ViacomCBS spent about $15 billion companywide on content including sports rights.
Shares of the company formerly known as ViacomCBS sank more than 20 percent on Wednesday morning, after reporting earnings on Tuesday that missed Wall Street forecasts.The media conglomerate ...
ViacomCBS stock dropped nearly 9.1% Tuesday, as investors exited positions on news that the media conglomerate will sell up to $3.45 billion in stock as part of funding streaming content. The ...
The following is a list of major assets that are owned by Paramount Global, an American multinational media conglomerate headquartered at One Astor Plaza in Midtown Manhattan, New York City. Paramount Pictures Corporation
[12] [13] In 1952, CBS formed CBS Television Film Sales, a division which handled syndication rights for CBS's library of network-owned television series. This division was renamed CBS Films in 1958, again renamed CBS Enterprises in January 1968, and finally renamed Viacom (an acronym of Video and Audio Communications) in 1970.