Viacom (short for Video & Audio Communications) was an American media company. It was founded in New York City in 1971. The company existed until 2005 when the company changed its name to CBS Corporation. Viacom made television programs and television networks. Networks created by Viacom including CBS, UPN, MTV, CMT, MTV2, Nickelodeon, Nick Jr., Nicktoons TV, The N and Nickelodeon Games and Sports for Kids. The company was owned by Columbia Broadcasting System until 1973. After this, it was an independant company. In 1986, it was sold to National Amusements. In March 2005, Viacom announced that it would be splitting into two companies. This happened on December 31, 2005. The existing Viacom was renamed CBS Corporation,[1] and a new company named Viacom was created.
Formerly |
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Company type | Public |
NYSE: VIA | |
Industry | Broadcasting and publishing |
Founded | March 16, 1952 |
Founder | Ralph Baruch |
Defunct | December 31, 2005 |
Fate | Split into the second incarnations of CBS Corporation and Viacom |
Successors |
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Headquarters | One Astor Plaza, New York City , 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) |
Parent | CBS (1952–1971) National Amusements (1987–2005) |
Divisions | CBS Radio Viacom Productions Viacom International CBS Sports Viacom Outdoor |
Subsidiaries | CBS Paramount Pictures MTV Networks Showtime Networks BET Networks Paramount Parks Famous Players Simon & Schuster King World Productions UPN Westinghouse Licensing Corporation |
References
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