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The second incarnation of CBS Corporation (the first being a short-lived rename of the Westinghouse Electric Corporation) was an American multinational media company with interests primarily in commercial broadcasting, publishing, and television production.
The Westinghouse Electric Corporation acquired the network in 1994, renaming its legal name to the current CBS Broadcasting Inc. two years later, and in 1997 adopted the name of the company it had acquired to become CBS Corporation.
Dec 4, 2019 · Holders of CBS Class A shares and CBS Class B shares will continue to own their existing shares, which are now shares of ViacomCBS. ViacomCBS will have an attractive growth outlook, be positioned to deliver beneficial cost and revenue synergies and generate substantial free cash flow.
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.
Feb 15, 2022 · Updated on: February 16, 2022 / 7:50 AM EST / CBS News. ViacomCBS announced Tuesday that the company will become known as Paramount. "Effective February 16, we'll be bringing together our...
Aug 13, 2019 · CBS and Viacom merge to form $30 billion media company. With streaming video now the leading story, the two companies are fusing their war chests to better compete for viewers. Shari Redstone...
Aug 14, 2019 · CBS Corp. and Viacom, once part of the same company, plan to again join forces in a merger to bolster their positions in a rapidly changing entertainment industry that's pushing other media...
