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Viacom (1952–2006)

American media conglomerate (1952–2005) / From Wikipedia, the free encyclopedia

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The original incarnation of Viacom Inc.[lower-alpha 1] (derived from "Video & Audio Communications") was an American media conglomerate based in New York City. It began as CBS Television Film Sales, the broadcast syndication division of the CBS television network in 1952; it was renamed CBS Films in 1958, renamed CBS Enterprises in 1968, renamed Viacom in 1970, and spun off into its own company in 1971. Viacom was a distributor of CBS television series throughout the 1970s and 1980s, and also distributed syndicated television programs.

Quick facts: Formerly, Type, Traded as, Industry, Founded...
Viacom Inc.
Formerly
  • CBS Television Film Sales (1952–1958)
  • CBS Films (1958–1968)
  • CBS Enterprises Inc. (1968–1970)
TypePublic
NYSE: VIA
IndustryBroadcasting and publishing
FoundedMarch 16, 1952; 71 years ago (1952-03-16)
FounderRalph Baruch
DefunctDecember 31, 2005; 17 years ago (2005-12-31)
FateSplit into the second incarnations of CBS Corporation and Viacom
Successors
Headquarters,
United States
Area served
Worldwide
Key people
Sumner Redstone (Chairman and CEO)
Tom Freston (Co-President and Co-COO)
Les Moonves (Co-President and Co-COO)
ParentCBS
(1952–1971)
Independent
(1971–1986)
National Amusements
(1986–2005)
DivisionsInfinity Broadcasting Corporation
Viacom Productions
Viacom International
CBS Sports
Viacom Outdoor
SubsidiariesCBS
Paramount Pictures
MTV Networks
Showtime Networks
BET Networks
Paramount Parks
Famous Players
Simon & Schuster
King World Productions
UPN
Westinghouse Licensing Corporation
Close

In 2000, Viacom acquired the parent company of CBS, the former Westinghouse Electric Corporation, which became the original CBS Corporation in 1997. Viacom was split into the second CBS Corporation and Viacom incarnations in 2005;[3] the split was structured with the second CBS Corporation being the original Viacom's legal successor, and the second Viacom being spun-off. The two companies eventually re-merged in 2019, to form ViacomCBS, now known as Paramount Global.