CBS News and its digital media counterpart will create a 24-hour news network that will be available exclusively online.
Viacom Makes A Play For Internet Children
The entertainment and media company picks up Neopets Inc for a deal rumored to be worth $160 million USD.
Viacom Board Approves Separation
Viacom’s board of directors has given the greenlight to the company’s split into two separate entities through a spin-off to shareholders. Both companies will be publicly traded.
Viacom To Become Two Separate Companies
Viacom announced that it is splitting into two separate publicly traded companies through a spin-off to shareholders in a decision that was approved by the company’s board of directors.
Viacom Splits In Two
Viacom’s board of directors has approved a split into two separate publicly traded companies from the company’s entertainment brands through a spin-off to shareholders.
Viacom Sells Famous Players to Cineplex Galaxy
Viacom is selling its Canadian theater chain Famous Players to Cineplex Galaxy for about C$500 million (US $400 million). Famous Players has been around for 85 years.
Viacom Explores Separation Possibilities
Sumner M. Redstone, Chairman and CEO of Viacom announced that he has been exploring with the Company’s Board of Directors the possible division of its businesses into separate publicly-traded companies.
Viacom Reports 4Q Results
Viacom today reported results for the full year and fourth quarter ended December 31, 2004.