Le 2 août 2019, il a été signalé que CBS et Viacom ont convenu de fusionner de nouveau en une seule entité. Viacom Inc (abréviation de Video Audio Communication) est un conglomérat américain présent dans les médias dont l'actionnaire principal (80 %)2 est le milliardaire Sumner Redstone. It is also not buying BET's Action Pay-Per-View service. Though Viacom will most likely furnish BET with additional resources, it can't replace the void created by the loss of a minority-owned company, said Joe Lawson, immediate past president of the National Association of Minorities In Communications. He has been an influential, historic and often-controversial figure in cable since BET's launch in 1980. Le 30 mars 2018, CBS a fait une offre de stock légèrement inférieure à la valeur de marché de Viacom, insistant sur le fait que son leadership actuel, y compris le président et chef de la direction de longue date Les Moonves , supervise la société regroupée. News of the deal generated bittersweet reactions from some industry executives. Receive mail from us on behalf of our trusted partners or sponsors? The former Viacom was renamed CBS Corporation, from which this firm was split off on December 31, 2005. Johnson and Lee retain their titles at BET, reporting to Viacom president and chief operating officer Mel Karmazin. Later, Hindery would invest in Chevy Chase, Md.-based NUE-TV, a minority-targeted entertainment service. The all-stock deal is structured as an acquisition of Viacom by CBS. In 1999, then-AT&T Broadband CEO Leo Hindery Jr. aggressively pushed for a new African-American family-values service as an alternative to music video-oriented BET. Le 30 mai 2019, CNBC a annoncé que CBS Corporation et Viacom envisageraient des discussions de fusion à la mi-juin. The deal also includes BET Books, BET.com and BET Pictures II. For BET, the deal provides tremendous upside for a network that has often come under fire for relying too much on music-video programming and not developing quality original programming. Name of the organization that made the acquisition, Stock ticker symbol (e.g. Viacom last Friday confirmed it had agreed to buy cable network BET, which is in 62.4 million households, as well as the less-penetrated networks BET on Jazz, currently in 5 million homes, and BET International, which reaches 14 countries. Viacom Inc. last week said it would purchase African-American-targeted Black Entertainment Network and related assets for $3 billion in stock and assumed debt. Active, Closed, Alternate or previous names for the organization, Whether an Organization is for profit or non-profit, Auto-generated name of transaction (e.g. Viacom also absorbs one of the only widely distributed rivals to MTVN's stable of music-video services. The new Viacom conglomerate was finalized in September of 2006 is considered to be the "high-growth" side of the much larger former Viacom. If the deal closed today, BET shareholders would receive about 40 million Viacom shares, or 2.2 percent of its outstanding shares, Viacom said. For all his critics, Johnson built one of the most successful minority-owned media companies in U.S. history. Le 12 décembre, l'accord a été annulé. On December 12, the deal was called off. African-Americans watch 70 hours of television per week-40 percent more than other ethnic groups-according to a TN Media Inc. study. Les discussions avaient commencé suite aux rumeurs selon lesquelles CBS aurait acquis Starz de Lionsgate. Finalement, le 14 mai 2018, CBS a poursuivi sa société mère et Viacom, National Amusements, et a accusé Redstone d'avoir abusé de son pouvoir de vote dans la société et d'avoir forcé une fusion qui n'était pas soutenue par elle ou Viacom . On September 29, 2016, National Amusements sent a letter to Viacom and CBS, encouraging the two companies to merge back into one company. NEW YORK– (BUSINESS WIRE)– Viacom Inc. (NASDAQ: VIAB, VIA) today announced that it has completed the acquisition of Pluto TV, the leading free streaming television service in the U.S. There was a problem. BET also faces new competition from Major Broadcasting Corp. Network, a family-values and lifestyle network backed by heavyweight boxer Evander Holyfield and entertainer Marlon Jackson and The Word Network, a gospel ministries service. © "This is consistent with the same demographic angles taken by Viacom; it's a logical acquisition for them," he said. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Le 7 août, CBS et Viacom ont publié séparément leurs résultats trimestriels alors que les discussions sur la nouvelle fusion se poursuivaient. "But this is a normal course in the corporate world; when a company becomes profitable, this is the next step.". La société est le résultat de la scission en 2005 de Viacom : CBS Corporation a récupéré certaines activités (production télévisuelle, parc, UPN) et le nouveau Viacom a conservé le reste. "From a corporate standpoint, we're part of a terrific media conglomerate that understands brands and has proven that it can grow brands," Lee said in an interview last Friday. Le 25 novembre 2019, Viacom et CBS ont annoncé la clôture de la fusion le 4 décembre et ont commencé à négocier le Nasdaq le 5 décembre. Le 9 septembre 2018, Les Moonves ont quitté CBS à la suite de multiples accusations d'agression sexuelle. Johnson will continue his quest to own an airline in Washington, D.C., as an offshoot of United Air Lines Inc.'s purchase of US Airways Inc. Multichannel News is part of Future plc, an international media group and leading digital publisher. He expects the network, whose 12-month revenues totaled about $270 million, could significantly grow in terms of advertising and subscriber revenue under Viacom. BA1 1UA. You will receive a verification email shortly. Bath Visit our corporate site. Peu de temps après, il a été signalé que la nouvelle société pourrait être un prétendant à l'acquisition du studio de cinéma Lionsgate. Viacom will not buy BET's various non-cable businesses, including several urban- targeted magazines and restaurants. Viacom was a distributor of CBS television series throughout the 1970s and 1980s, and also distributed syndicated television programs. Other minority-owned networks, such as MBC and NUE-TV, believe they can fill the void. Johnson's handling of BET has also been the target of a syndicated comic strip called The Boondocks, which criticized the network for not adequately serving the African-American community. Long known as the squabbling siblings of media, CBS Corp. and Viacom Inc. are poised to finally reunite after 13 years apart. La fusion a réuni CBS Corporation et Viacom en une seule société connue sous le nom de ViacomCBS après leur séparation en janvier 2006. At a 1999 Television Critics Association event, Johnson complained that the network's ad rates, the lowest in the industry for a 20-year old network, are due to "the nature of the discrimination in this country against minority business.". While the deal was hailed as a sensible fit, some lamented the loss of one of the most successful African-American entrepreneurs in a telecommunications industry already lacking in minority-owned companies. After closing, CBS shareholders will own approximately 61 percent of the new company, and owners of Viacom … Although BET is a well-penetrated service, Karmazin said, there's no reason why it shouldn't be in all cable homes, given the quality of its programming and brand awareness among African Americans. Viacom et CBS Corporation ont également dû faire face à une forte concurrence d'entreprises telles que Netflix et Amazon . Lee would not speculate on what programming changes might come, adding that no decisions would be made until after the deal closes. Viacom could also cross-promote BET from its other networks such as MTV: Music Television, VH1 and TNN to an African-American viewership base that watches more television than any other ethnic group. Receive news and offers from our other brands? All rights reserved. Which industries do these Sub-Organization operate in. Thank you for signing up to Multichannel News. "Everyone in the African-American community has been proud of the fact that BET has been black-owned for so many years," Lee said.