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It was formed on December 31, 2005, as the legal successor of the original Viacom, following the spin-off of the second incarnation of Viacom; both CBS Corporation and the second Viacom were controlled by National Amusements, a theater company owned by billionaire Sumner Redstone.
Here's a brief history of Paramount, Viacom and CBS, as well as an explanation of exactly who owns who in 2022, as well as Paramount's own rationale for changing its name.
CBS has 15 owned-and-operated stations, and current and pending affiliation agreements with 228 additional television stations encompassing 50 states, the District of Columbia, two U.S. possessions (Guam and the U.S. Virgin Islands) and Bermuda and St. Vincent and the Grenadines.
CBS was founded in 1927, which Paramount Pictures held a 49 percent ownership stake in from 1929 to 1932. [12][13] In 1952, CBS formed CBS Television Film Sales, a division which handled syndication rights for CBS's library of network-owned television series.
Paramount Global, the sprawling media empire behind CBS, MTV, and one of Hollywood’s most storied movie studios, has agreed to merge with technology scion David Ellison’s Skydance Media, ending...
CBS Corp. owns the CBS Television Network, CBS News and 15 CBS-TV stations in the country's major television markets, as well as the cable network Showtime and the publisher Simon &...
CBS Corporation, major American mass-media company that operates the CBS national television network and that includes the Simon & Schuster publishing groups and the Showtime cable network, among other holdings. The company was incorporated in 1927 as United Independent Broadcasters, Inc.
Paramount Global, American company that is one the largest and foremost media and entertainment conglomerates in the United States. It was formed in 2019 through the merger of Viacom and CBS and is a subsidiary of National Amusements, Inc. Originally known as ViacomCBS, the company was renamed.
ViacomCBS announced Tuesday that the company will become known as Paramount. "Effective February 16, we'll be bringing together our leading portfolio of premium entertainment properties under a...
NEW YORK, Feb. 15, 2022 /PRNewswire/ -- ViacomCBS today announced that the global media company will become Paramount Global (referred to as " Paramount "), effective February 16, bringing together its leading portfolio of premium entertainment properties under a new parent company name.