Why did Viacom and CBS split?

Why did Viacom and CBS split?

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 and Viacom got together again in 1999 thanks to Media Mogul Sumner Redstone.

Did Viacom and CBS merge?

The 2019 merger of CBS Corporation and Viacom was announced on August 13, 2019, and was completed on December 4, 2019.

When did Viacom split?

January 3, 2006
On January 3, 2006, Viacom was split into two companies: CBS Corporation, the former’s corporate successor and the spun-off Viacom company.

Who controls Viacom CBS?

National Amusements
Viacom (2005–2019)

Viacom’s headquarters at One Astor Plaza in New York City
Total equity US$8.520 billion (2019)
Owner National Amusements (80% voting power)
Number of employees 11,200 (2017)
Divisions Viacom Media Networks Viacom International Media Networks

What channels does Viacom CBS own?

Driven by iconic consumer brands, its portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, CBS All Access, Pluto TV and Simon & Schuster, among others.

Who is the parent company of CBS?

CBS/Parent organizations

What channels does ViacomCBS own?

Who currently owns CBS?


Type Radio network (1927–present) Television network (1930–present)
Owner Independent (1927–1929, 1932–1995) Paramount Pictures (1929–1932) Westinghouse Electric Corporation (1995–1997) CBS Corporation (1997–2000, 2006–2019) Viacom (2000–2005) ViacomCBS (2019–present)
Parent CBS Entertainment Group

Does Viacom own CBS?

Viacom has reached a deal to acquire CBS for US$34.5 billion in what the companies called “the biggest media transaction ever.” Under the deal, CBS shareholders will receive 1.085 shares of Viacom Class B shares for each share of CBS (CBS).

Is CBS owned by Disney?

Wiki Targeted (Entertainment) It is the flagship subsidiary of ViacomCBS, and is based in New York City. Prior to Disney’s purchase of the American Broadcasting Company, several Disney shows were originally aired on CBS.

Is CBS free?

The new CBS app for Roku, Fire TV, Android TV, and Apple TV is completely separate from All Access (now Paramount+) and allows you to watch recent episodes for free. Of course, there are catches: Some new episodes of CBS shows have an eight-day delay before you can watch them for free.

Who is the CEO of Viacom CBS?

Robert M. Bakish (Dec 2019–)
Raffaele Annecchino is President & CEO of ViacomCBS Networks International (VCNI). Based in Madrid, Annecchino reports to Bob Bakish, President and Chief Executive Officer, ViacomCBS.