Split of CBS Corporation and Viacom
In March 2005, Viacom contemplated splitting the company into two publicly traded companies, amid issues of the stock price stagnating and clashing corporate cultures between the cable and broadcast divisions, which came to a head with the Super Bowl XXXVIII halftime show controversy a year previous with the MTV-produced show causing controversy for game broadcaster CBS.CBS said: "In many ways, today's decision is a natural extension of the path we laid out in creating Viacom," Redstone said in a company-wide memo."We are retaining the significant advantages we captured in the Paramount and CBS mergers and, at the same time, recognizing the need to adapt to a changing competitive environment.On August 13, 2019, CBS and Viacom officially announced their merger; the combined company was to be named ViacomCBS, with Shari Redstone serving as chair.[11][12][13] Upon the merger agreement, Viacom and CBS jointly announced that the transaction is expected to close by the end of 2019, pending regulatory and shareholder approvals.
ViacomCBS CorporationWestinghouse ElectricCBS NewsCBS SportsShowtime NetworksThe WBthe CWTime WarnerSmithsonian ChannelChannel 10Simon and SchusterInfinity Broadcasting CorporationViacom OutdoorParamount TelevisionParamount PicturesNickelodeonNick Jr.NogginNicktoonsTEENickMusic TelevisionBlack Entertainment TelevisionVideo Hits OneCountry Music TelevisionDreamWorksNational Amusementsre-mergeViacomCBSWestinghouse Electric CorporationFamous Players Film CompanyFamous Players–LaskyColumbia RecordsGulf+WesternDesiluCBS StudiosParamount CommunicationsCBS RadioAudacyParamount GlobalSkydance Mediaagree to mergeViacom (1952–2005)CBS Television Film Salesspun offowning syndication companiesMTV NetworksShowtime/The Movie Channel Inc.Warner CommunicationsAmerican ExpressMel KarmazinSumner RedstoneSuper Bowl XXXVIII halftime show controversyLes Moonvesthe second ViacomNew York Stock ExchangeParamount ParksBET Networks2019 merger of CBS and ViacomFederal Trade CommissionNasdaqCBS Sports NetworkCBS Paramount TelevisionInfinity BroadcastingmergedShowtimeThe Movie ChannelPop TVMTV TresNickToons NetworkNickelodeon Games and SportsNick@NiteTV LandSpike TVComedy CentralParamount Pictures CorporationDreamWorks PicturesLos Angeles TimesThe New York TimesThe Hollywood ReporterVarietyBillboardShari RedstoneCBSEntertainmentGroupCBS Sports HQBET Media GroupBET HerBET JamsBET SoulCBS Newsand StationsCBS News RadioKCBS-TVKCNC-TVKDKA-TVKPIX-TVKYW-TVWBBM-TVWBZ-TVWCBS-TVWCCO-TV/KCCW-TVWFOR-TVWJZ-TVWWJ-TVKCAL-TVKMAX-TVWBFS-TVWKBD-TVWLNY-TVWPKD-TVWSBK-TVStart TVWBXI-CDFave TVBig Ticket EntertainmentCBS Eye Animation ProductionsCBS Media VenturesCBS Home EntertainmentCBS MoneyWatchCBSSports.com247SportsMaxPrepsCBS WatchLast.fmStreamingParamount+original programming