bob bakish

ViacomCBS said Tuesday it will rebrand its CBS All Access video-streaming service as Paramount+ early next year. Paramount+ will house fresh content from ViacomCBS’s Hollywood studio Paramount Pictures, as well as existing shows from sister networks CBS, BET, Comedy Central and MTV, among others. Armed with a trove of new shows such as “The Offer,” …

ViacomCBS said it is offloading CNET Media Group for $500 million to digital-marketing company Red Ventures. The Monday deal, which is expected to close in the fourth quarter of 2020, also includes foodie site Chowhound, the tech site ZDNet, GameSpot, the Metacritic reviews-aggregation site and TVGuide.com. Red Ventures already owns and operates more than 100 …

ViacomCBS, home of “Survivor” and MTV, saw a 12-percent slump in sales last quarter as the coronavirus pandemic sent ad sales down 27 percent. The declines were offset, however, by growth in the media company’s streaming business, which saw revenues rise 25 percent as more consumers hunkered down at home during the pandemic. Despite the …

ViacomCBS delivered a narrower-than-expected profit drop despite the cancellation of the NCAA “March Madness” men’s basketball championship that had been slated to air on CBS. The New York-based media giant — which also owns the Paramount movie studio and cable channels Comedy Central, Nickelodeon and MTV — saw sharp gains in its streaming-video business, as house-bound …

ViacomCBS has unleashed a fresh round of layoffs in the ongoing integration of Viacom and CBS, whose merger created the company in December. ViacomCBS Chief Executive Bob Bakish sent an e-mail to staff Wednesday after handing out pink slips that may have hit more than 100 workers, according to a source. The news pushed shares …