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2019 merger
- 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.
en.wikipedia.org/wiki/2019_merger_of_CBS_and_Viacom
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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.
Feb 16, 2022 · But to quickly get us back to 2022—in 1999, Viacom bought CBS, its former parent company. They split again in 2006, and then merged in 2019 to become ViacomCBS, which had been their name for ...
Nov 26, 2019 · The Federal Communications Commission forced CBS in 1970 to spin off the company that became Viacom after ruling that television networks couldn't have financial stakes in shows they aired. CBS...
Feb 15, 2022 · ViacomCBS has renamed itself Paramount in a nod to the company’s historic moviemaking past — and its streaming future. Chairwoman Shari Redstone announced the name change this week during a...
- meg.james@latimes.com
- Senior Entertainment Writer
- What It Will Own
- Why It’S Happening
- What’s Next?
- What Does It Mean For Viewers?
The newly merged company will house a host of valuable media assets. Under CBS Corporation, the larger of the two companies, are the CBS broadcast network, local TV stations, the premium pay-TV channel Showtime, Network Ten in Australia, 50 percent of the CW Network with WarnerMedia, and the book publisher Simon & Schuster. Viacom owns Paramount Pi...
CBS and Viacom will need their greater size to compete with heavyweight rivals such as Netflix — which has 151 million paid subscribers — but also with Amazon, Disney, Hulu and a dizzying array of new entrants such as WarnerMedia's HBO Max and a new streaming service from Comcast’s NBCUniversal. (NBCUniversal is the parent company of NBC News.) The...
The CBS-Viacom merger is the culmination of at least three years of discussions. Earlier talks foundered after the CBS board and Les Moonves, the company's former chief executive officer, initiated a corporate coup, attempting to dilute the power of the Redstone family, which holds the majority of voting shares in Viacom and CBS via National Amusem...
Together, CBS and Viacom will offer a plethora of paid and free streaming services. And while other companies such as Disney have been yanking content from Netflix, CBS and Viacom are eager sellers to their competitors. But the bottom line is shifting ever higher as companies battle for viewers. “The media company of the future, if it wants to be v...
Feb 20, 2020 · By Bob Bakish. Less than three months ago, we merged to become ViacomCBS, one of the largest content producers and providers in the world. We’ve since made great progress to integrate and transform the business as we move quickly to unlock the full power of this company organizationally, operationally and financially.
Dec 4, 2019 · NEW YORK--(BUSINESS WIRE)--ViacomCBS Inc. (Nasdaq: VIACA, VIAC) (“ViacomCBS”) today announced the completion of the merger between CBS Corporation and Viacom Inc. The combined company, which...
