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2019 Merger Of CBS And Viacom
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. Both companies were owned by the theater company National Amusements, which remains the owner of the merged entity. Background The first incarnation of Viacom was created in 1952 as the television syndication division of CBS; it was spun off in 1971. In 1999, Viacom acquired its former parent, then named CBS Corporation (formerly Westinghouse Electric). On December 31, 2005, the first Viacom was spun off into two entities, the second incarnations of CBS Corporation and Viacom. History Early discussions of a merger (September 2016–September 2018) Efforts to re-merge the two conglomerates began on September 29, 2016, when National Amuse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CBS Corporation (2005-2019)
CBS Corporation was an American multinational media company with interests primarily in commercial broadcasting, publishing and television production. It was split from Viacom on December 31, 2005, alongside an entirely new Viacom; both CBS Corporation and the second Viacom were controlled by National Amusements, a theater company owned by billionaire Sumner Redstone. CBS Corporation comprised the over-the-air television broadcasting (CBS and The CW), television production and distribution, publishing, pay-cable, and recording assets that were previously owned by the first Viacom. It was the world's eighth largest entertainment company in terms of revenue and headquartered at the CBS Building in Midtown Manhattan, New York City. CBS Corporation announced on August 13, 2019, that it would merge with Viacom for the second time to form ViacomCBS (now known as Paramount Global). The merger was completed on December 4. History Early history The first incarnation of Vi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amazon (company)
Amazon.com, Inc., doing business as Amazon, is an American Multinational corporation, multinational technology company engaged in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. Founded in 1994 by Jeff Bezos in Bellevue, Washington, the company originally started as an online marketplace for books but gradually expanded its offerings to include a wide range of product categories, referred to as "The Everything Store". Today, Amazon is considered one of the Big Tech, Big Five American technology companies, the other four being Alphabet Inc., Alphabet, Apple Inc., Apple, Meta Platforms, Meta, and Microsoft. The company has multiple subsidiaries, including Amazon Web Services, providing cloud computing; Zoox (company), Zoox, a self-driving car division; Kuiper Systems, a satellite Internet provider; and Amazon Lab126, a computer hardware R&D provider. Other subsidiaries include Ring (company), Ring, Twitch (service), Twitch, IMDb, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sony Pictures
Sony Pictures Entertainment Inc. is an American diversified multinational mass media and entertainment studio conglomerate that produces, acquires, and distributes filmed entertainment (theatrical motion pictures, television programs, and recorded videos) through multiple platforms. Through an intermediate holding company called Sony Film Holding Inc., it is operated as a subsidiary of Sony Entertainment Inc., which is itself a subsidiary of the Japanese holding conglomerate Sony Group Corporation.Sony Pictures Entertainment Inc. is a wholly owned fifth-tier subsidiary of Sony Corporation. It is directly owned by Sony Film Holding Inc., a subsidiary of Sony Entertainment Inc., a subsidiary of Sony Group Corporation.FY2015 Securities Report(in Japanese), Sony Corporation) Based at the Sony Pictures Studios lot in Culver City, California, as one of the "Big Five" major American film studios, it encompasses Sony's motion picture, television production and distribution units. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metro-Goldwyn-Mayer
Metro-Goldwyn-Mayer Studios Inc. (also known as Metro-Goldwyn-Mayer Pictures, commonly shortened to MGM or MGM Studios) is an American Film production, film and television production and film distribution, distribution company headquartered in Beverly Hills, California. Metro-Goldwyn-Mayer was founded on April 17, 1924, and has been owned by the Amazon MGM Studios subsidiary of Amazon (company), Amazon since 2022. MGM was formed by Marcus Loew by combining Metro Pictures, Goldwyn Pictures and Louis B. Mayer Pictures into one company. It hired a number of well-known actors as contract players—its slogan was "more stars than there are in heaven"—and soon became Hollywood's most prestigious filmmaking company, producing popular musical films and winning many Academy Awards. MGM also owned film studios, movie lots, movie theaters and technical production facilities. Its most prosperous era, from 1926 to 1959, was bracketed by two productions of ''Ben-Hur: A Tale of the Christ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paramount+
Paramount+ (formerly known as CBS All Access in the United States and 10 All Access in Australia) is an American Video on demand#Subscription models, subscription video on-demand Over-the-top media service, over-the-top Streaming media, streaming service owned by Paramount Global. The service's content is drawn primarily from the List of libraries owned by Paramount Global, libraries of CBS, Nickelodeon, MTV, Comedy Central, BET, Smithsonian Channel, the Smithsonian Channel, Showtime (TV network), Showtime, and Paramount Pictures. It also shows original series and films, live streaming Broadcasting of sports events, sports coverage, and in the United States, live streaming of CBS News and Stations, local CBS television stations. The service was launched by CBS Corporation in the United States in 2014, as CBS All Access, initially focusing on the live streaming of CBS programming from its local affiliates, as well as on-demand access to CBS programs and library content. The servi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Verizon
Verizon Communications Inc. ( ), is an American telecommunications company headquartered in New York City. It is the world's second-largest telecommunications company by revenue and its mobile network is the largest wireless carrier in the United States, with 146 million subscribers as of March 31, 2025. The company was formed in 1983 as Bell Atlantic as a result of the breakup of the Bell System into seven companies, each a Regional Bell Operating Company (RBOC), commonly referred to as "Baby Bells." The company was originally headquartered in Philadelphia and operated in the states of Pennsylvania, New Jersey, Delaware, Maryland, Virginia, and West Virginia. In 1997, Bell Atlantic expanded into New York and the New England states by merging with fellow Baby Bell NYNEX. While Bell Atlantic was the surviving company, the merged company moved its headquarters from Philadelphia to NYNEX's old headquarters in New York City. In 2000, Bell Atlantic acquired GTE, which oper ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hostile Takeover
In business, a takeover is the purchase of one company (law), company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are publicly listed, in contrast to the mergers and acquisitions, acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offer. It can also include shares in the new company. Takeover types Friendly takeover A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an tender offer, offer for another company, it usually first informs the company's board of directors. In a private company, because the shareholders and the board are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shari Redstone
Shari Ellin Redstone (born April 14, 1954) is an American heiress, businesswoman, and media executive. She is the non-executive chairwoman of Paramount Global (formerly known as ViacomCBS) and chairwoman, president and CEO of National Amusements, and a former vice chair of CBS Corporation and Viacom. Through National Amusements, Redstone and her family hold majority voting power over Paramount Global and its subsidiaries – CBS, Comedy Central, BET, Showtime Networks, Nickelodeon, MTV and the film studio Paramount Pictures. In 2020, Redstone was named on ''Time''s list of the 100 most influential people in the world. In 2023, she ranked 37th in Forbes list of " World's 100 most powerful women". Early life Redstone was born into a Jewish family and is the daughter of Phyllis Gloria Raphael and Sumner Redstone, and the sister of Brent Redstone. Her grandfather was Michael Redstone, who was the original founder of National Amusements, the parent company that now owns the ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Bakish
Robert Marc Bakish ( ; born December 14, 1963) is an American business executive. He became the president and CEO of Paramount Global on December 4, 2019, formerly holding the same position at Viacom before the merger with CBS Corporation. He resigned on April 29, 2024 when Paramount was considering a major merger after a poor performance in the stock market. Early life and education A native of New Jersey, Bakish attended Dwight-Englewood School in Englewood, New Jersey, graduating in 1981."Robert M. Bakish: Dwight-Englewood School 1981 – Honored 2011" Dwight-Englewood School. Retrieved September 12, 2018. He received a Bachelor of Science in operation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Les Moonves
Leslie Roy Moonves (; born October 6, 1949) is an American media executive who was the chairman and CEO of CBS Corporation from 2006 until his resignation in September 2018 following numerous allegations of sexual harassment, sexual assault and abuse. He has been married to TV personality Julie Chen since 2004. He held a series of executive positions at CBS from July 1995 to September 2018. He was also on the board of directors at ZeniMax Media from 1999 until 2021. Later, he was co-president and co-chief operating officer (COO) of the original Viacom, the legal predecessor to CBS Corporation, from 2004 until the company split in December 2005. He became chairman of CBS in February 2016. In September 2018, Moonves stepped down as chairman of CBS after multiple women brought forth sexual assault allegations against him. Moonves allegedly destroyed evidence of his sexual misconduct. According to various media reports, Moonves has amassed a net worth of over US$800 million throug ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Los Angeles Times
The ''Los Angeles Times'' is an American Newspaper#Daily, daily newspaper that began publishing in Los Angeles, California, in 1881. Based in the Greater Los Angeles city of El Segundo, California, El Segundo since 2018, it is the List of newspapers in the United States, sixth-largest newspaper in the U.S. and the largest in the Western United States with a print circulation of 118,760. It has 500,000 online subscribers, the fifth-largest among U.S. newspapers. Owned by Patrick Soon-Shiong and published by California Times, the paper has won over 40 Pulitzer Prizes since its founding. In the 19th century, the paper developed a reputation for civic boosterism and opposition to Trade union, labor unions, the latter of which led to the Los Angeles Times bombing, bombing of its headquarters in 1910. The paper's profile grew substantially in the 1960s under publisher Otis Chandler, who adopted a more national focus. As with other regional newspapers in California and the United Sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maria Contreras-Sweet
Maria Contreras-Sweet (born 1955) is an American businesswoman and former government official who served as the 24th Administrator of the Small Business Administration from 2014 to 2017. She was the executive chairwoman and founder of ProAmérica Bank, a commercial bank focusing on small to mid-sized businesses with a specialty in the Latino community. Born in Guadalajara, Mexico, Contreras-Sweet immigrated to Los Angeles, California and has since been involved in both the private sector founding a private equity firm and in public service as the California Secretary of Business, Transportation, and Housing under Governor Gray Davis. On January 15, 2014, she was nominated by President Barack Obama to join his Cabinet as head of the Small Business Administration. She was confirmed as the Administrator of the Small Business Administration by voice vote on March 27, 2014. She assumed that role on April 7, 2014. Early life and education Born in Guadalajara, Mexico, Contreras-Sweet' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
