The $50 billion merger between Viacom and CBS Corporation was completed in May 2000. Viacom is now the second largest media conglomerate worldwide, after AOL Time Warner, with 1999 sales of over $12 billion. During the industry's slump, 2001-2002, Viacom remained one of the top performing media giants. Its CEO, Sumner Redstone, has expressed interest in acquiring more cable channels and buying broadcasting channels in the U.K. [Note: The following breakdown reflects interests and assets as of early 2001.]
Networks
Infinity Broadcasting (manages Westwood One Radio Network)
Metro Networks
Stations
Infinity Broadcasting (owns and operates over 180 stations)
MTVi Group
CBS Internet Group
Nickelodeon Online
BET.com
Contentville.com (35%)
Production and Distribution
Paramount Pictures
MTV Films
Nickelodeon Movies
Theater Operations
United Cinemas International (joint venture with Vivendi Universal)
Paramount Theaters
Famous Players (Canada)
Video
Blockbuster Video
Networks
CBS
UPN
MTV Network
MTV
Nickelodeon
Nick at Nite
TV Land
CMT
TNN
VH1
Noggin (joint venture with Children's Television Workshop)
Showtime Networks
Showtime
The Movie Channel
Sundance Channel (joint venture with Robert Redford and Universal
Studios)
FLIX
SET Pay-Per-View (sporting and entertainment events)
BET
Comedy Central (joint venture with AOL Time Warner)
Production and Distribution
Paramount
Spelling Entertainment Group (80%)
Big Ticket Television
Viacom Productions
King World Productions
Famous Music Publishing (copyright owners)
Theme Parks
Paramount Parks
Infinity Outdoor/TDI Worldwide -- the largest outdoor advertising group in
the U.S.
Star Trek franchise
Books
The Free Press
MTV Books
Nickelodeon Books
Simon & Schuster
Pocket Books
Scribner
Touchstone
