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Acquisition of NBC Universal by Comcast The logo of Comcast from late 2006 to 2013 NBCUniversal logo as of January 31, 2011 Alternate NBCUniversal logo, created after the company's takeover and featuring Comcast's updated NBC peacock logo to promote its ownership Initiator Comcast Target NBC Universal from GE Type Majority stake (until March 2013) Full acquisition (from March 2013) Cost US$ 13 ...
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 August 13, 2019, CBS and Viacom officially announced their merger; the combined company was to be named ViacomCBS, with Shari Redstone serving as chair. [40] [41] [42] Upon the merger agreement, Viacom and CBS jointly announced that the transaction is expected to close by the end of 2019, pending regulatory and shareholder approvals. [42]
NBCUniversal Media, LLC (abbreviated as NBCU and doing business as NBCUniversal or Comcast NBCUniversal since 2013) is an American multinational mass media and entertainment conglomerate owned by Comcast and headquartered at 30 Rockefeller Plaza in Midtown Manhattan in New York City. [5]
NBC and Telemundo discontinued their Qubo blocks in 2012 after Comcast acquired NBCUniversal. Following the acquisition of Ion Media by the E. W. Scripps Company on January 7, 2021, the Qubo Channel ceased operations on February 28, 2021.
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.
In 2002, Viacom traded UPN stations KTXH in Houston and WDCA in Washington, D.C. to Fox in exchange for KBHK-TV (now KPYX) in San Francisco, one of the former Chris-Craft stations, resulting in the creation of a duopoly with CBS-owned KPIX. Viacom also bought independent Los Angeles station KCAL-TV in 2002, [33] creating a duopoly with CBS ...
However, on August 7, 2019, both CBS and Viacom delayed their merger announcement as the two companies reported the quarterly earnings, though the talks about the re-merger continued. [80] [81] On August 13, 2019, CBS and Viacom officially announced their merger; CBS would purchase Viacom and change its name to ViacomCBS (now Paramount Global ...