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The CBS Corporation name would be revived for one of the companies, to be headed by longtime television executive (and Viacom co-president) Les Moonves, and would include the namesake television network CBS, UPN, Infinity Broadcasting Corporation, Viacom Outdoor, Showtime Networks, and Paramount Television.
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.
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. [110] This included the shutdown of Paramount Television Studios. [111] [112] The following month, Paramount sold Vidcon to UK firm Informa. [113]
He emphasized that Paramount is well supported by having the balance of premium subscription services (Paramount Plus, Showtime), content engines in Paramount Pictures, CBS, MTV Entertainment, and ...
Paramount Television Studios produces such streaming shows as "Reacher" for Amazon's Prime Video, “The Spiderwick Chronicles” for the Roku Channel, "13 Reasons Why" for Netflix and "Station ...
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 ...
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 ...
WITH PARAMOUNT SHUTTING down its TV branch as part of a restructuring plan, many fans of Reacher—which the studio produces for Prime Video—have been left worried about the fate of the hobo ...