Viacom formed when FCC rules had forced CBS to spin off some of its cable TV and program operations, this happened in 1971. Viacom then buys WAST-TV in 1979, in 1985 Blockbuster Video is founded, in 1981 the NAI buys majority interest ( Sumner Redstone owns this), in 1994 Viacom announces multi-transponder, multi-satellite agreement with PanAmSat. Also in 1994 Viacom and Paramount announces 8.4 billion dollar merger, Viacom then sells its 33% share of Lifetime. In 1995 Viacom spins off its cable systems for Tele-communications, in 1999 Viacom bought CBS for 50 billion dollars. There are other acquisitions and selling’s through which Viacom became so large, but I did not include every little thing.
Sumner M. Redstone has been chairperson since 1987, he did not become CEO of the company until 1996. However, Mel Karmazin became president and CEO of Viacom in May 2000. He was previously the president of CBS and he oversees all the operations of the corporation. He joined CBS in 1997 where he was chairperson and CEO and when Infinity merged with CBS radio he was chairperson there from 1981, until Infinity became a full subsidiary of Viacom in Feb. 2001.
Viacom is a leading global media company, with many positions in broadcasting cable, television, radio, outdoor advertising, and online. With programming it appeals to audiences in every category across all media, the company is a leader in the creation, promotion, and distribution of entertainment, news, sports, music, and comedy. Viacom’s well known brands include CBS, MTV, Nickelodeon, Nick at Nite, VH1, BET, Paramount Pictures, Infinity Broadcasting, Viacom Outdoor, UPN, TV Land, Comedy Central, CMT: Country Music Television, and Showtime.
Some of the Broadcast and Cable Television that were by Viacom are some of the following:
CBS Television Network is the Number one most watched network with more than two hundred stations providing viewers with some of the nation’s best entertainment, news and sports programming. Popular programs include CSI: Crime Scene Investigation, Everybody Loves Raymond, Survivor, the Late Show with David Letterman and 60 Minutes. Sports stations however, include the NFL and the NCAA Basketball Championship. Daytime drama The Young and The Restless leads a daytime pr...
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... however promise by Viacom itself. The $50 billion merger between Viacom and CBS Corporation was completed in May 2000. Viacom is now the second largest media worldwide after AOL Time Warner, with 1999 sales of over $12 billion. The CBS-Viacom merger creates the second largest media conglomerate, controlling more TV and radio stations than any other and the feature of the announced takeover of CBS by Viacom was how little public attention it attracted. There the deal was announced by Viacom Chairman Sumner Redstone and CBS President, Viacom now has its eye on synergy, one of the world's largest media companies in the world. Viacom spans movies, television, radio, the internet, and it owns BET (Black Entertainment Television), CBS, Paramount Pictures, the United Paramount Network (UPN), MTV.
However, Viacom productions is used everywhere in the world today, many of it’s business are dealt with motion pictures, broadcast television, cable television, radio and outdoor, retail and recreation, publishing, online, and many other things around us. Viacom is one of the best programs I think we have as far as the TV programs much more.
Comcast Corporation is the largest cable company, home Internet service provider and the third largest home telephone service provider in the United States by revenue, it is also the largest mass media and communications company in the world
Growing from a small provider of a few thousand, the company has grown to be a massive conglomerate encompassing far greater than simply cable services. Now owning NBC Universal, Comcast exerts great power within the market, employing a variety of strategies to expand itself and remain profitable. When it attempted to merge with Time Warner cable, several strongly opposed when considering the massive power it already possessed. In addition, growing sentiment against cable providers has resulted in the reduction of subscribers. Despite this, Comcast is in a high period of expansion within the business cycle. However, it should remain cautious of the changing environment of how consumers obtain television
Despite the interference that VOD has created, Cineplex’s products and services are on another level compared to the broadcasting companies. Furthermore, the main income of the company comes from the services and the concession stands. Even though watching high quality movies and series is made possible because of VOD, the
Tuchman, Gaye. The TV Establishment: Programming for Power and Profit. New Jersey: Prentice Hall, Inc., l971.
Disney is the parent company for many of societies favorite brands and products on a global scale. After doing research I can honestly say that the Disney brand owns almost every media outlet. According to PBS “The Walt Disney Company is the third largest global media conglomerate. Its FY 2000 revenues topped $25
The entertainment industry holds the immense potential for growth and development. The industry is constantly evolving and Walt Disney emerge as a global leader and recognized as the world’s second largest media conglomerate in the terms of revenue after Comcast. The Walt Disney Company is a multinational entertainment conglomerate headquartered at California, United States. The company integrated its products into five target segments are as follows: (1) Media Networks (2) Parks and Resorts (3) Walt Disney Studios (4) Disney Consumer Products (5) Disney Interactive. The company has strong diversified product portfolios and generate high returns and revenues from all the target segments but the media networks contributes
"USA Network." Cable World 21 Jan. 2002: 28. Business Insights: Essentials. Web. 6 May 2014.
Garvin, Karen S. “Television Technology.” The Thirties in America. Volume 3. Ed. Thomas Tandy Lewis. Pasadena: Salem Press, 2011. 945-946. Print.
[1] Information was mainly taken from the Harvard Business Case Study “The Walt Disney Company: The Entertainment King”
Traditional AM/FM Radio. Sirius’s competition also includes traditional AM/FM radio. Unlike SIRIUS radio, traditional AM/FM radio has had a well established market for its services for many years and generally offers free broadcast reception paid for by commercial advertising rather than by a subscription fee. Also, many radio stations offer information programming of a local nature, such as local news and sports, which Sirius does not offer as effectively as local radio. Some radio stations also have begun reducing the number of commercials per hour, expanding the range of music played on the air and experimenting with new formats in order to compete more directly with satellite radio services.
Cisco is one of Americas greatest corporate success stories. Since shipping it’s first product in 1986, The company has grown into a global market leader that holds No.1 or No.2 market share in almost every market section in which it participates. Cisco went public in 1990 on the nasdaq stock market with annual revenues at $69 million in that year. But now their revenues are at $12.2 billion in fiscal 1999. Their revenues in the last four quarters are shown in the figure below.
Warner Bros. Entertainment is a worldwide leader in all forms of entertainment and their related businesses through all existing and emerging media and platforms. The fully combined, broad-based company stands at the lead of every aspect of the entertainment industry from feature film, television, and worldwide distribution to DVD and Blu-ray, animation, comic books, product and brand licensing. It is one of the most respected, expanded and successful motion picture and television studios in the world. The company is divided into several minor companies like Time Warner, which is one of the major film studios (its headquarters are in California and New York). Also Warner Bros. Studio, Warner Bros. Pictures, Warner Bros. Interactive Entertainment, Warner Bros. Television, Warner Bros. Animation, Warner Home Video, New Line Cinema, TheWB.com, DC Entertainment and also Warner owns half of the CW Television Network.
Viacom was formed in 1971 by CBS Inc. to make popular TV system. After the Federal Communications Commission prohibited television networks from doing that. In 1976 it established the Showtime movie network, and in 1985 it bought the MTV networks, including the music video channels MTV and VH-1 and the Nickolodeon. In 1987 Viacom became owned inferior to the National Amusements Inc. movie theater chain. It continued to expand, acquiring more radio and television stations, adding cable channels and franchises, and producing films for Showtime and several popular television series for the networks. In 1994 Viacom got Paramount Communications Inc., a media conglomerate that had been founded in 1958 as Gulf + Western Corporation.
When we choose a channel on the television, when we choose a newspaper, there are hundreds of options. Sometimes it is hard to choose one thing because there are too many options. However, is each station belongs to each media company? No, in case of United States, the companies called “Big six”; Comcast, The Walt Disney Company, News Corporation, Time Warner, CBS Corporation, Viacom owns most of mass media including broadcast, cable tv, newspaper, and various online entities. “The fact of one organization owning more than one type of public communications business.” This is a definition of Cross-Media Ownership from Cambridge Dictionary Online and this is what exactly media industry looks like in the United States.
The Walt Disney Company is an American diversified multinational mass media corporation which is the largest media conglomerate in terms of revenue. It is present in five major industries - media networks, parks and resorts, studio entertainment, consumer products and interactive. According to the 2013 Fortune 500 list, The Walt Disney Company is the largest media conglomerate in terms of revenue in the United States, and it is followed by the News Corp, Time Warner, CBS and Viacom. (Fortune 500, 2013)