The original Viacom owned CBS for several years, until the company decided to 
split in the mid-00s due to stock market strategy (and as a solution to an 
internal power struggle between Les Moonves and whoever the guy in charge of 
MTV was at the time, over who would replace Sumner Redstone when he retired).

The original Viacom took the name "CBS Corporation" after the split, with the 
rest of the company (MTV, BET, Paramount Pictures, etc) taking the name 
"Viacom" as a completely new entity.  Now, with this merger, they're putting 
the band back together, the way it was 15 years ago.

Doug Fields
Tampa, FL

________________________________
From: tvornottv@googlegroups.com <tvornottv@googlegroups.com> on behalf of Doug 
Eastick <east...@mcd.on.ca>
Sent: Wednesday, August 14, 2019 6:58 AM
To: tvornottv@googlegroups.com <tvornottv@googlegroups.com>
Subject: Re: [TV orNotTV] CBS, Viacom together again

Why did I think that CBS had been owned by Viacom for years already?   Were 
they already "close" on many fronts?



On Tue., Aug. 13, 2019, 2:28 p.m. Kevin M., 
<drunkbastar...@gmail.com<mailto:drunkbastar...@gmail.com>> wrote:
Here is the formal announcement

https://www.cbscorporation.com/wp-content/uploads/2019/08/ViacomCBS-Press-Release-FINAL.pdf


On Tue, Aug 13, 2019 at 10:13 AM 'Bob Jersey' via TVorNotTV 
<tvornottv@googlegroups.com<mailto:tvornottv@googlegroups.com>> wrote:
All that's left is the formal announcement, which Deadline says will come this 
afternoon (8/13)... both firms' stock prices recovered following big plunges 
Monday...

https://deadline.com/2019/08/cbs-viacom-merger-deal-price-1202667116/ (link)

B




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