Australian TV networks floated idea of merger, report says
Australian broadcaster Seven Network discussed a possible acquisition by American media giant ViacomCBS earlier this year.
Paramount Global ($PARA) is a multinational broadcast, cable and streaming television corporation based in New York City. It is the successor to the CBS Corporation and Viacom, Inc. Paramount Global operates the CBS broadcast network, CBS Sports, MTV Networks, Paramount Pictures, Pluto TV, Paramount Plus, Showtime, Australia’s Network 10, Channel 5 UK and around two dozen local CBS broadcast stations in major American markets. Prior to February 2022, Paramount Global was known as ViacomCBS.
Australian broadcaster Seven Network discussed a possible acquisition by American media giant ViacomCBS earlier this year.
ViacomCBS has tapped the co-founder and chief executive of its free streaming service Pluto TV to oversee streaming initiatives across the entire company.
An agreement between marketing firm Red Ventures and media giant ViacomCBS called for significant job cuts as part of a multi-million dollar acquisition of CNET Media Group.
ViacomCBS is issuing pink slips to workers of companies that will be sold to Red Ventures in the coming months.
The CEO of media conglomerate ViacomCBS was cleared of misconduct following a serious complaint made by a former employee four years ago.
Paramount Network will rebrand sometime next year and will favor made-for-TV movies, original series and limited-run programs over syndicated content and reality shows.
Monday football games will air on free television network Channel 5 and will include a companion magazine show.
The new channel will feature classic episodes of South Park, Drawn Together and Beavis and Butt-Head.
CBS All Access, one of three direct-to-consumer streaming services offered by the company, will relaunch next year as Paramount Plus.
Marketing firm Red Ventures has reached an agreement with ViacomCBS to acquire technology news website CNET for $500 million.