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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.
In August 2019, Viacom announced that it would merge with CBS Corporation, reuniting the two entities under the ViacomCBS name. [ 25 ] [ 26 ] The merger closed on December 4, 2019. [ 27 ] [ 28 ] Announced on November 11, 2019, as part of the re–merger, the Media Networks division was renamed ViacomCBS Domestic Media Networks , and reorganized.
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]
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. [11] [12] [13] 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. [13]
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 ...
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.
In May 2004, following NBC's merger with Vivendi Universal, Zucker was promoted to president of the NBC Universal Television Group. Zucker's responsibilities, which already included NBC's cable channels, were expanded to include oversight of television production as well as USA Network, Sci-Fi Channel and Trio. Following his promotion, NBC slid ...
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 ...