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Published byJocelin McLaughlin Modified over 9 years ago
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VIACOM Colton, Thomas, Tyler, and Dan
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What is Viacom? Short for “video and audio communications” is a leading global entertainment content company
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What is Viacom? The original Viacom began as CBS films, inc. in 1952 In 1970 CBS films, inc. was “spun-off” (or split) and renamed Viacom
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History 1971 On June 4, 1971, Viacom completes the spin- off from Columbia Broadcasting System, Inc., (CBS) and establishes itself as a public company.
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History 1983 Viacom forms a joint venture with Warner Communications inc. “Showtime/The Movie Channel”. – This meant that “Showtime” and “the movie channel” were merged creating “Showtime/The Movie Channel”.
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History 1985 – Viacom obtains 66% of MTV Networks 1986 – The rest of MTV Networks are purchased for $185,000
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History 1994 – Viacom completes a $9.9 billion merger with Paramount Communications Inc.
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History 2000 – Viacom completes a $39.8 billion merger with CBS Corporation
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History 2001 – Acquisition of BET is completed for $3 billion
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History 2005 – Viacom and CBS Corporation separate
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The Division!
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The New Viacom High Growth Businesses MTV Networks BET Networks Paramount's movie studio Paramount Pictures' home entertainment operations Tom Freston
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The new CBS Slow growth businesses CBS The CW (a merger of UPN and The WB), CBS Radio Simon & Schuster CBS Outdoor (formerly Viacom Outdoor), Showtime CBS Television Studios CBS Television Distribution CBS Studios International Les Moonves
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Bye In 2006 Redstone fired Tom Freston and named Philippe Dauman the new head of Viacom.
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