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- Viacom, American communications and media conglomerate that was once one of the largest in the United States. It owned radio and television stations and cable television programming services and systems.
www.britannica.com/money/Viacom-Inc
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The second phase of Viacom Inc. (/ ˈvaɪəkɒm / ⓘ VY-ə-kom or / ˈviːəkɒm / VEE-ə-kom; a portmanteau of Video & Audio Communications), was an American multinational mass media and entertainment conglomerate with interests primarily in film and television.
Viacom was a distributor of CBS television series throughout the 1970s and 1980s, and also distributed syndicated television programs. The company went under Sumner Redstone 's control in 1987 through his cinema chain company National Amusements. [3]
Feb 28, 2020 · In this excerpt, Shea and Solomon outline Viacom’s approach to large-scale transformation using the authors’ “Levers of Change,” a comprehensive approach to systematically altering the work environment to bring about desired change.
- 1970s Formation
- Growth Through Acquisition in The 1980s
- Turning Viacom Around in The Late 1980s
- Creating Synergy: 1999–2004
- Principal Subsidiaries
- Further Reading
Viacom was formed by the Central Broadcasting System (CBS) in the summer of 1970 to comply with regulations by the U.S. Federal Communications Commission (FCC) barring television networks from owning cable TV systems or from syndicating their own programs in the United States. It formally became a separate company in 1971 when CBS distributed Viaco...
Cable systems were a capital-intensive business, and Viacom constantly invested money in building its cable infrastructure—spending $65 million in 1981 alone, for example. In the early 1980s Viacom started on a program of rapid growth across a range of media categories. Company President Terrence A. Elkes told Business Week that Viacom hoped to bec...
Redstone's banks were demanding $450 million in interest in the first two years following the takeover, but several fortuitous events aided him in paying off this debt. Shortly after the buyout Viacom began to earn millions from television stations wanting to show reruns of The Cosby Show. Furthermore, when Congress deregulated cable in 1987, price...
In 1999, Redstone held about $9 billion worth of Viacom shares. The company's stock had outshined rivals Time Warner, Disney, and News Corp. That year, Viacom announced plans to buy out CBS Corporation for $37 billion in stock. The heydays of network television were in the past. CBS's cash flow for the year would come from cable, radio, stations, a...
Blockbuster Videos, Inc.; Paramount Pictures; Paramount Home Entertainment; Simon & Schuster; MTV Networks; Showtime Networks Inc.; VH1 Inc.; BET; The CBS Television Network; United Paramount Network; Infinity Broadcasting; Paramount Television; Paramount Parks.
Atlas, Riva, "Paramount, Anyone?" Forbes,May 23, 1994, p. 264. Berkowitz, Harry, "Company President Leaves, Karmazin Steps Down at Viacom, Surprise Resignation Follows Often-Rocky Relationship with CEO Redstone," Newsday, June 2, 2004, p. A2. Flint, Joe, "Final Cut: Karmazin Leaves Post, Ending a Stormy Marriage," Wall Street Journal, June 2, 2004....
Jul 10, 2017 · Viacom Inc. (VIA) is one of the largest multinational media conglomerates in the world. So what media outlets does Viacom own today? Here's a breakdown of the different studios, channels and...
Aug 20, 2021 · If Viacom can manage a successful transition into the streaming future, VIAC stock should have upside. But that could be quite the challenge.
