Search results
Results from the WOW.Com Content Network
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, Simon and Schuster, Infinity ...
Viacom Inc. [a] (derived from "Video & Audio Communications") was an American mass media and entertainment conglomerate based in New York City.It began as CBS Television Film Sales, the broadcast syndication division of the CBS television network in 1952; it was renamed CBS Films in 1958, renamed CBS Enterprises in 1968, renamed Viacom in 1970, and spun off into its own company in 1971.
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.
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 original incarnation of Viacom purchased Paramount in 1993, with the deal closing in March 1994; Viacom's existing group of CBS- and NBC-affiliated stations continued to be run separately from the Paramount stations until December 1995, when they were folded into PSG. [5] Viacom also included its part-time LMA with WVIT, that of WTXX. [6]
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]
On December 14, 2005, Infinity Broadcasting reverted to CBS Radio, and joined with the CBS and UPN networks (the latter of which would later merge with former rival network The WB to form The CW), Paramount's television properties, Showtime Networks, Viacom Outdoor, Simon & Schuster, and Paramount Parks into a revived CBS Corporation.
Paramount Networks Southern Europe, Middle East, and Africa (SWEMEA), which serves France, French-speaking Switzerland, Italy, Spain, Portugal, the Middle East and Africa. Paramount Networks Italia, a division that was founded in 2011 in order for Viacom to purchase a 30% ownership stake in the Rainbow S.p.A. animation studio. [2]