Viacom

Viacom was formed under the regulations of the Federal Communications Commission when CBS was forced to sell part of the cable and programming business made in 1971. In 2004, when NAI acquired a majority stock (Sumner) in 1979, Viacom announced a multi transponder with PanAmSat. Multi-satellite protocol. Also in 1994, Viacom and Paramount announced a $ 4 billion merger, after which Viacom sold 33% of its lifetime shares. In 1995, Viacom completed the cable system for cable communication, and in 1999 Viacom bought CBS for $ 50 billion.

In 1989, Gulf + Western changed its name to Paramount Communications and merged with Viacom in 1994. In 2005, Viacom was divided into Columbia Broadcasting Corporation, a subsidiary of Star Broadk, a subsidiary of CBS Television Studios, and other film production companies, a subsidiary of Star Trek's movie library. Movie rights, and TV series video distribution rights. Represents CBS

According to Reuters, CBS and Viacom leaders are discussing the potential merger of two media giants. Earlier this month, CBS CEO Leslie Moonves and Viacom CEO Bob Bakish discussed the possibility of a merger between the two companies. Executives of both companies held several meetings to continue discussing this topic in the coming weeks. However, both companies are very cautious. Shari Redstone (top) is President of National Amusements, which jointly established Viacom and CBS. The merger negotiations failed because there was a change in the directors of the two companies. Two weeks ago, The Wrap reported that the merger negotiations between the two returned, but according to Reuters sources, Redstone submitted an idea to the CBS director but replied that they have not actively undertaken merger negotiations.

The 93 year old media giant Sumner Redstone's trust has 80% of the film company National Amusements, which owns 80% of the voting rights of Viacom and CBS. According to Reuters, Lei Shidong recently removed Viacom's CEO Philip Doman and Viacom's director George Abrams from the trust of seven people. This will determine the company's obstacles. Or the fate of death.