Tuesday, Viacom and CBS announced their plans to merge, creating the largest media merger in history. The new entertainment company, which will retain the name Viacom, is valued at $80 billion. Along with newly acquired CBS, Viacom already owns several cable networks including MTV, Nickelodeon, and VH1; Paramount Pictures movie studio; and theme parks and holds major stock in the networks UPN and...
On Monday January 10, America Online (AOL) and Time Warner announced they will merge. AOL is the largest Internet service provider in the world, with over 20 million customers. AOL also owns Netscape Communications and Compuserve. Time Warner includes the WB television network; cable networks including HBO, CNN, and the Cartoon Network; as well as publications, including People,Sports...