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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, Simon and Schuster, Infinity ...
Paramount Streaming focuses on the global over-the-top streaming services, and encompasses Paramount+, Pluto TV, SkyShowtime (50% with Comcast through Sky Group), CBS News 24/7, CBS Sports HQ, and an undisclosed stake in FuboTV, which it acquired in 2020. [115] CBS Entertainment oversees CBS, CBS News, and CBS Sports.
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.
CBS Broadcasting Inc., commonly shortened to CBS (an abbreviation of its original name, Columbia Broadcasting System), is an American commercial broadcast television and radio network serving as the flagship property of the CBS Entertainment Group division of Paramount Global and is one of the company's three flagship subsidiaries, along with namesake Paramount Pictures and MTV.
[3] [4] [5] Paramount+ is a sister service to CBS News 24/7 and CBS Sports HQ, which are streaming services for CBS' news and sports divisions, BET+, which is operated by BET and the Tyler Perry Studios, and free ad-supported streaming television service Pluto TV, which was acquired by Viacom 9 months before completing its merger with CBS.
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.
At the time, Viacom owned the UPN network and the Paramount Stations Group controlled UPN's owned-and-operated stations. [ 29 ] [ 30 ] The merger created duopolies between CBS and UPN stations in Philadelphia (KYW-TV and WPSG ), Boston (WBZ-TV and WSBK-TV ), Miami (WFOR and WBFS-TV ), Dallas–Fort Worth (KTVT and KTXA ), Detroit (WWJ-TV and ...
Reports say that CBS and Viacom reportedly set August 8 as an informal deadline for reaching an agreement to recombine the two media companies. [76] [77] CBS announced to acquire Viacom as part of the re-merger deal for up to $15.4 billion. [78] On August 2, 2019, it was reported that CBS and Viacom agreed to merge back into one entity.