Nearly 14 years after splitting into two separate companies, CBS Corp. and Viacom have officially tied the knot once again.
The all-stock merger between the companies—announced in August after three years of on-again, off-again talks—has been completed, creating a new combined company, ViacomCBS Inc., with more than $28 billion in revenue and 4.3 billion cumulative TV subscribers around the globe.
The new ViacomCBS portfolio includes a broadcast network (CBS), a movie studio (Paramount), a premium cable network (Showtime), several basic cable networks (among them, MTV, Nickelodeon, Pop TV, Paramount Network, VH1, TV Land, BET and CMT), a number of streaming services (including CBS All Access, Pluto TV, CBSN and BET+) and a book publisher (Simon & Schuster).
The CBS-Viacom union gives both companies scale at a time when most of their rivals have completed big mergers in recent years, including Disney-Fox, Discovery-Scripps and AT&T-TimeWarner (now WarnerMedia).
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