Showtime (TV network): Difference between revisions

On June 14, 2005, Viacom decided to separate itself into two companies (only five years after the company's acquisition of [[CBS]]), both of which would be controlled by Viacom parent [[National Amusements]], amid stagnation of the company's stock price. When the split was completed on December 31, 2005, the original Viacom was restructured as [[CBS Corporation]] and kept Showtime Networks along with the original Viacom's broadcasting assets (which included the CBS television network, [[UPN]] and the company's broadcast group, which became [[CBS News and Stations|CBS Television Stations]]), [[Paramount Television]] (now the separate arms [[CBS Studios]] for network and cable production, and [[CBS Media Ventures]] for production of [[broadcast syndication|first-run syndicated programs]] and off-network series distribution), advertising firm Viacom Outdoor (renamed [[Outfront Media|CBS Outdoor]]), [[Simon & Schuster]], and [[Paramount Parks]] (which was later sold to [[Cedar Fair|Cedar Fair, L.P.]] on June 30, 2006). A new company that assumed the [[Viacom (2005–2019)|Viacom]] name took [[Paramount Pictures]], the [[ViacomCBS Domestic Media Networks|MTV Networks]] and [[BET Networks]] cable divisions, and [[Famous Music]] (the latter of which was sold to [[Sony-ATV Music Publishing]] (CBS once owned [[Sony Music|its sister company]]) in May 2007).<ref>{{cite news|title=Viacom Board Agrees to Split of Company|url=https://www.nytimes.com/2005/06/15/business/media/15viacom.html|author=Geraldine Fabrikant|newspaper=[[The New York Times]]|date=June 15, 2005|access-date=February 12, 2017|archive-date=March 6, 2014|archive-url=https://web.archive.org/web/20140306130603/http://www.nytimes.com/2005/06/15/business/media/15viacom.html|url-status=live}}</ref><ref>{{cite news|title=SpongeBob or Survivor?|url=https://money.cnn.com/2005/12/19/news/fortune500/viacom/index.htm|author=Paul R. La Monica|website=[[CNN Money]]|date=December 19, 2005|access-date=August 3, 2020|archive-date=September 24, 2020|archive-url=https://web.archive.org/web/20200924160121/https://money.cnn.com/2005/12/19/news/fortune500/viacom/index.htm|url-status=live}}</ref>