Viacom Completes Split; Now CBS and ‘New’ Viacom - Radio World

Viacom Completes Split; Now CBS and ‘New’ Viacom

Viacom Completes Split; Now CBS and ‘New’ Viacom
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Viacom Inc. is now divided into two publicly traded entities: CBS Corp. and “new” Viacom Inc. The newly re-branded CBS Radio is part of CBS Corp.
Shares of Viacom and CBS began trading on the New York Stock Exchange on Jan. 3 under the symbols “CBS.A” for CBS Corp. Class A Common Stock and “CBS” for CBS Corp. Class B Common Stock. Viacom stock trades as “VIA” for Viacom Inc. Class A Common Stock and “VIA.B” for Viacom Inc. Class B Common Stock.
We previously reported Viacom’s businesses would split.
CBS Corp. comprises CBS Television Network, UPN, CBS Radio, Viacom Outdoor, Viacom Television Stations Group, Paramount Television, King World, Simon & Schuster, Showtime and Paramount Parks. It will also include the operations of CSTV: Networks Inc., a sports television network and digital media company devoted to college athletics, an acquisition expected to close early this year.
Viacom Inc. is made up of MTV Networks (MTV, VH1, Nickelodeon, Nick at Nite, Comedy Central, CMT: Country Music Television, Spike TV, TV Land and other networks), BET, Paramount Pictures, Paramount Home Entertainment and Famous Music. Viacom Inc. has also entered into an agreement to acquire the DreamWorks movie and television production studio, and a distribution agreement with DreamWorks Animation. Viacom expects the deal to close in the first quarter.

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