CBS Corporation
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The first incarnation of Viacom: Founded: December 31, 2005; 17 years ago () Founder: Sumner Redstone: Defunct: December 4, 2019; 4 years ago () Fate: Merged with the second incarnation of CBS Corporation: Successor: Paramount Global: Headquarters
It was established on December 31, 2005, as one of two companies which succeeded the original Viacom, alongside the second CBS Corporation. The controlling shareholder of both companies was National Amusements, a theater company headed by businessman Sumner Redstone.
On August 2, 2019, it was reported that CBS and Viacom agreed to merge back into one entity. Both companies came to an agreement on the management team for the merger, with Bob Bakish serving as CEO of the combined company with president and acting CEO of CBS, Joseph Ianniello, overseeing CBS-branded assets. [19]
Background. The second incarnation of Viacom was established on December 31, 2005, after the original incarnation was split into two companies: one which retained the original Viacom name, and another one which was the original Viacom and was reincorporated into CBS Corporation.
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Paramount Media Networks (founded as MTV Networks in 1984 and known under this name until 2011; thereafter known as Viacom Media Networks until 2019; then known as ViacomCBS Domestic Media Networks until 2022) is an American mass media division of Paramount Global that oversees the operations of many of its television channels and online brands.
The company was formed on December 4, 2019, as ViacomCBS Inc. through the merger of the second incarnations of CBS Corporation and Viacom (which were split from the original Viacom on December 31, 2005). The company changed its name to Paramount Global on February 16, 2022, the day after its Q4 earnings presentation.
The Viacom and CBS merger is complete. The Company is now known as Viacom Inc. The Viacom Board of Directors approves the creation of two separate publicly traded companies – CBS Corporation and Viacom Inc. Bob Bakish is named CEO of Viacom. Viacom and CBS reunite in $12 billion merger. ViacomCBS rebrands CBS All Access as Paramount+.
By. Michael Schneider, Brian Steinberg. AP Photo/Suzanne Plunkett. It’s been nearly 20 years since Viacom and CBS first announced their intent to merge, in a $35 billion deal that was billed at ...
Viacom, Inc. (short for Video & Audio Communications) wis an American global mass media company wi interests primarily in, but nae limited tae, cinema an cable telly. It is the warld's saxt lairgest broadcastin an cable company in terms o revenue (behind The Walt Disney Company , Time Warner , Comcast , Twenty-First Century Fox, Inc. , an CBS ...