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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.
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 ...
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 ...
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]
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.
11 Channel originally owned by the first incarnation of Viacom, and earlier with former partner Warner-Amex, and later became part of CBS Corporation following Viacom's split in 2006. Showtime was established in 1976, and The Movie Channel was established in 1973 as Star Channel and relaunched under its current name in 1979.
Chris-Craft subsequently filed a lawsuit against Viacom in the New York Supreme Court to block the CBS merger on grounds that a pact reached between Chris-Craft and Viacom in 1997 disallowed either company from owning "any interest, financial or otherwise" in "any competing network" through January 2001; however, New York Supreme Court judge ...