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The second incarnation of CBS Corporation (the first being a short-lived rename of the Westinghouse Electric Corporation) was an American multinational media company with interests primarily in commercial broadcasting, publishing, and television production.
The Westinghouse Electric Corporation acquired the network in 1994, renaming its legal name to the current CBS Broadcasting Inc. two years later, and in 1997 adopted the name of the company it had acquired to become CBS Corporation.
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The 2019 merger of CBS Corporation and Viacom was announced on August 13, 2019, and was completed on December 4, 2019. The merger of equals reunited CBS Corporation and Viacom into a single company known as ViacomCBS (today known as Paramount Global) after their separation from the first incarnation of Viacom on December 31, 2005.
Dec 5, 2019 · ViacomCBS is a global media and entertainment company that resulted from the merger of CBS Corporation and Viacom Inc. in December 2019. The combined company has a large portfolio of TV and film content, streaming services, and advertising solutions.
Aug 14, 2019 · CBS Corp. and Viacom, once part of the same company, plan to join forces again in a deal that values Viacom at $12 billion. The new company, ViacomCBS Inc., will have more than $28 billion in revenue and the largest U.S. TV audience share.
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