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CBS Broadcasting Inc., commonly shortened to CBS (an abbreviation of its original name, Columbia Broadcasting System), is an American commercial broadcast television and radio network serving as the flagship property of the CBS Entertainment Group division of Paramount Global and is one of the company's three flagship subsidiaries, along with ...
CBS Entertainment Group consists of CBS-branded assets including the CBS television network, CBS News and Stations, CBS Sports, CBS Studios, CBS Media Ventures, and Big Ticket Television. It also has a 12.5% ownership stake in The CW Television Network.
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CBS Corporation and Time Warner each owned 50% of the network. Tribune Broadcasting (which previously owned a 25% stake on The WB) and CBS Television Stations contributed its stations as new network affiliates. On May 23, 2006, CBS Corporation sold Paramount Parks to the Cedar Fair Entertainment Company.
Aug 13, 2019 · Existing CBS shareholders will own 61% of the combined company, while existing Viacom shareholders will own about 39%. Viacom shareholders will receive .59625 shares of CBS stock for every...
- meg.james@latimes.com
- Senior Entertainment Writer
Feb 16, 2022 · Published Feb 16, 2022 at 4:40 AM EST. By Samuel Spencer. ViacomCBS is now Paramount, as announced at the company's recent earning's call.
Feb 15, 2022 · NEW YORK, Feb. 15, 2022 /PRNewswire/ -- ViacomCBS today announced that the global media company will become Paramount Global (referred to as " Paramount "), effective February 16, bringing together its leading portfolio of premium entertainment properties under a new parent company name.
6 days ago · Amid financial difficulties, CBS began selling a number of its properties, and Viacom became a wholly owned subsidiary of National Amusements in 1987. Seven years later Viacom acquired Paramount Communications and its various divisions, including Paramount Pictures.
