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On December 31, 2005, Viacom split into two companies: a new company keeping the Viacom name (which took the original company's film and most of its cable television properties), and CBS Corporation (essentially the old Viacom renamed, which retained the broadcast properties, along with Showtime Networks). In this "split", ownership of UPN went ...
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, Simon and Schuster, Infinity ...
The CBS Corporation name was later reused for one of the two companies resulting from the split of Viacom in 2005. One of the few remaining original lines of business to survive this process was the nuclear power division, which was sold to BNFL in 1999 and re-formed as Westinghouse Electric Company .
Today, he’s faced with a difficult decision: whether to break up the iconic company. He already announced a plan to establish Intel Foundry as an independent subsidiary inside Intel.
Johnson & Johnson plans to split into two companies, separating its consumer health division that sells Band-Aids and Baby Powder from its pharmaceuticals and medical devices business in the ...
The split marks the end of the 129-year-old conglomerate that was once the most valuable U.S. corporation and a global symbol of American business power. The ambitious move drove an 8.2% rise in ...
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.
In 2006, the company moved its headquarters to Milpitas, California. [citation needed] In December 2013, the company announced it was acquiring fellow network performance management company Network Instruments, for $200 million. [14] On August 1, 2015, JDSU split into Viavi Solutions and Lumentum Holdings Inc. [15]