Viacom

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Viacom (NYSE: VIA) (NYSE: VIAB), short for “Video & Audio Communications”, is an American media conglomerate with various worldwide interests in cable and satellite television networks (MTV Networks and BET), and movie production and distribution with Paramount Motion Pictures Group. Paramount is also the distributor of movie studio DreamWorks. Sumner Redstone is the chairman and, through National Amusements, the majority shareholder. The new Viacom (legal successor to the former Gulf+Western/Paramount Communications) is considered to be the “high-growth” side of the much larger former Viacom. The former Viacom was renamed CBS Corporation, from which this firm was split off on December 31, 2005. CBS, not Viacom, retains control of the over-the-air broadcasting, TV production, and publishing assets formerly owned by the larger company. However, National Amusements remains the common majority shareholder of both firms.

Milestones

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• Acquired Social Project. (9/22/08)
  Posted 9/22/08 at 9:36am
• Invested in Social Project. (12/1/06)
  Posted 9/13/07 at 2:00pm
• Acquired Y2M for $0. (8/1/06)
  Posted 8/27/07 at 5:08am
• Acquired Xfire for $102M. (4/1/06)
  Posted 8/27/07 at 5:16am
• Acquired Sportsline for $64M. (12/1/04)
  Posted 8/24/07 at 4:01am
• Acquired MTV Networks. (1986)
  Posted 8/18/09 at 10:33pm
• Leslie Moonves, Co-Chief Operating Officer added.
  Posted 5/20/08 at 11:49am
• Michael Bloom, SVP & GM, Digital Media at MTV Networks added.
  Posted 8/5/08 at 1:55pm

Videos

Screenshots

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Above: Viacom Screenshot -- #1
Uploaded: 8/19/09

Sources

1. press release [edit]
2. Citation Needed [add]
3. Media giant offers $102 million in cash for online gaming utility company; makes it part of MTV Networks. (gamespot.com) [edit]
4. Citation Needed [add]
5. MTV Networks (en.wikipedia.org) [edit]
6. techcrunch.com [edit]