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2000 – CBS acquired by Viacom [8] 2005 – Viacom is split into two companies in January, with a new Viacom being spun off of the old Viacom company, and the old Viacom being renamed as CBS Corporation, thus reviving Westinghouse's last name prior to sale, and reversing the 2000 Viacom-CBS merger [52] [53]
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.
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 ...
Westinghouse acquires CBS: 1997: Westinghouse renamed to CBS Corporation: 2000: Viacom acquires UPN and CBS Corporation: 2005: Viacom splits into second CBS Corporation and Viacom: 2006: CBS Corporation shuts down UPN and replaces it with The CW: 2017: CBS Corporation sells CBS Radio to Entercom (now Audacy) 2019: CBS Corporation and Viacom re ...
The Westinghouse Electric and Manufacturing Company entered broadcasting with the November 2, 1920, sign-on of KDKA radio in Pittsburgh. [5] The oldest surviving licensed commercial radio station in the United States, KDKA was an outgrowth of experimental station 8XK, a 75-watt station that was located in the Pittsburgh suburb of Wilkinsburg, and founded in 1916 by Westinghouse assistant chief ...
Wall Street analysts are taking a wait-and-see approach to the long-anticipated merger CBS Corporation (NYSE: CBS)-Viacom, Inc. (NASDAQ: VIAB) merger, questioning whether the combined companies ...
CBS and Viacom are finally, really, back to together. Less than four months after announcing their intentions to rejoin as one company, the companies closed their merger on Wednesday, beginning ...
ViacomCBS (VIAC) delivered earnings and revenue surprises of 0.00% and 0.35%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?