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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 holds the namesake flagship channel Columbia Broadcasting System, CBS News, CBS Sports, Showtime Networks, UPN (Replaced by the CW, co-owned by ...
Viacom was split into the second incarnations of CBS Corporation and Viacom — both remained under National Amusements ownership — in 2005; [4] the split was structured with the second CBS Corporation being the original Viacom's legal successor, and the second Viacom being an entirely new company.
In March 2005, the first Viacom announced plans of exploring the option of splitting the company into two publicly traded companies because of a stagnating stock price [ 14 ] and the rivalry between Les Moonves and Tom Freston, longtime heads of CBS and MTV Networks, respectively.
On December 31, 2005, the Viacom/CBS split took effect and Viacom changed its name to the CBS Corporation at the same time it created a spin-off company that bears the Viacom name.
26 lis 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...
15 lut 2022 · CBS and Viacom merged to become ViacomCBS in 2019, something of a reunion for the two companies, which had split in 2006. The streaming service CBS All Access was rebranded as Paramount+...
19 sie 2019 · The long history of CBS and Viacom merging, splitting up, and getting back together could be fodder for a juicy romance novel if it weren’t so dully corporate.
