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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 held the namesake flagship channel CBS, CBS News, CBS Sports, Showtime Networks, UPN (merged with The WB to form the CW, co-owned by Time Warner), Smithsonian Channel, Channel 10, PopTV, Simon and ...
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.
The Paramount Television Network was a venture by American film corporation Paramount Pictures to organize a television network in the late 1940s. The company built television stations KTLA in Los Angeles and WBBM-TV in Chicago; it also invested US$400,000 in the DuMont Television Network, which operated stations WABD (now WNYW) in New York City, WTTG in Washington, D.C., and WDTV (now KDKA-TV ...
On the day ViacomCBS unveiled its corporate rebrand to Paramount, starting as of Feb. 16, the company put on a nearly three-hour virtual presentation for investors that demonstrated how much its ...
Paramount Network is set to rebrand to the Paramount Movie Network as it plots a focus on television movies. The move is the latest change at ViacomCBS following the merger and comes after the ...
Paramount Television Studios, formerly the second iteration of Paramount Television, was the television arm of American film studio Paramount Pictures, a division of Paramount Global, founded on March 4, 2013, by its predecessor, Viacom, following an emerging vigorous business with the technological expansion of television via streaming services. [3]
In August 2024, Paramount announced it would lay off 15% of its U.S. workforce, amounting to about 2,000 employees. The cuts came as a result of a $6 billion write-down on its cable TV networks. [108] This included the shutdown of Paramount Television Studios. [109] [110] The following month, Paramount sold Vidcon to UK firm Informa. [111]
Paramount Network is set to rebrand to the Paramount Movie Network as it plots a focus on television movies. As part of the move, the network has cancelled a slew of non-scripted titles including ...