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Viacom

Viacom
Company nameViacom, Inc.
Company typePublic company
IndustryMedia conglomerate
PredecessorViacom (1971 2005)
Founded, 1971 (Original Viacom founding)
, 2005 (current incarnation, as a result of the CBS/Viacom split)
HeadquartersNew York City
Area servedWorldwide
Key peopleSumner M. Redstone
(Executive Chairman)
Philippe P. Dauman
(President and CEO)
Revenue(-) US$ 9.34 billion (2010)
Operating income(+) US$ 2.21 billion (2010)
Net income(-) 854 million (2010)
Total assets(+) US$ 22.96 billion (2010)
Total equity(+) US$ 9.258 billion (2010)
Employees10,900 (2010)
ParentNational Amusements (~80%)
DivisionsMTV Networks
BET Networks
Paramount Pictures Corporation

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Viacom Inc. (Nyse - VIA) (Nyse - VIAb)(Nyse - VNV), short for "Video & Audio Communications", is an American media conglomerate with interests primarily in, but not limited to, cinema and cable television. As of 2010, it is the world's fourth-largest media conglomerate, behind The Walt Disney Company, Time Warner and News Corporation.

The current Viacom was created on December 31, 2005 as a spinoff from CBS Corporation, which changed its name from Viacom to CBS at the same time. CBS, not Viacom, retains control of the over-the-air broadcasting, TV production, outdoor advertising, subscription pay television (Showtime) and publishing assets (Simon & Schuster) formerly owned by the larger company. However, National Amusements, through Sumner Redstone, retains majority control of Viacom. Predecessor firms of CBS Corporation include Gulf + Western, which later became Paramount Communications Inc., and Westinghouse Electric Corporation.

Comprising BET Networks, MTV Networks, and Paramount Pictures, Viacom connects with audiences through television, motion pictures, mobile platforms and online in more than 160 countries and territories. Viacom operates approximately 170 media networks reaching more than 600 million global subscribers and more than 500 branded digital media properties.


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