Television

Viacom confirms Comedy Central acquisition

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/05/27/Viacom.jpg?itok=8M53iKEt

NEW YORK: Viacom Inc has announced today that it has reached an agreement with AOL Time Warner to acquire AOL's 50 per cent interest in Comedy Central, for a total of $1.225 billion.

After the transaction is completed by the second quarter of 2003, Comedy Central will be wholly owned by Viacom and will join MTV Networks' lineup of basic cable channels. Larry Divney will remain president of Comedy Central and the network will continue to be based in New York and Los Angeles, according to Viacom.

This is the first asset sale by AOL Time Warner as executives try to revive growth at the world's largest media company and to restore investor credibility by cutting its approximate $29 billion in total debt, according to Reuters. Comedy Central, which airs shows like bawdy, animated South Park and the nightly satirical newscast The Daily Show with Jon Stewart, has thrived financially for the competing media titans.

Also included in the transaction is comedycentral.com, which features original programs, schedule information, advanced technology, games, downloads and an online store. Comedy Central, which reaches 82 million US homes, was launched on April Fool's Day 1991 after Home Box Office, owned by AOL Time Warner, merged its Comedy Channel with MTV Networks' HA! comedy network, owned by Viacom.

Te network, one of the few examples of a successful media joint venture, has gained a reputation for continuing to push the limits of what can be broadcast on TV with sharp political satire and increasingly popular gross-out humour.

It has humorously covered political events and introduced original shows, such as "Mystery Science Theater 3000" and "Politically Incorrect," each of which garnered Emmy Award nominations and eventually landed on other networks.

Viacom chairman and CEO Sumner Redstone has been quoted as saying, "Expanding our interest in cable networks, one of the fastest growing and most promising areas of the media industry, remains a priority for Viacom. Bringing one of the top cable networks brands fully into our family is a significant and important transaction both financially and creatively that will bring significant benefits to Viacom and its shareholders."

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/and.jpg?itok=gmlb88MV
&pictures invokes the feeling of Indian-ness by ‘Saluting the Heroes of India’ this Republic Day

Celebrate the Republic weekend on a high note as &pictures, Naye India Ka Blockbuster Movie Channel brings to its viewers three blockbuster movies on 26th and 27th January.

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/et.jpg?itok=c1a6nLak
ET NOW Unveils Mega Pre-Budget Line-Up

Setting the agenda for the interim budget, ET NOW, India's leading English business news channel from Times Network, has unveiled special programming in the run-up to Budget 2019.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/diiscvoery.jpg?itok=8yjyVtTz
Discovery pays tribute to the Armed Forces with Republic Day special line-up

Discovery Channel, India’s leading destination for factual entertainment, will celebrate Republic Day with a special line-up of shows dedicated to Indian Armed Forces.

Television TV Channels Factual @ Discovery
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/naveen.jpg?itok=XLoaqFyD
Times Network international biz head Naveen Chandra moves on

Times Network’s international business head Naveen Chandra has stepped down and will be serving his last day on 28 February.

Television TV Channels People
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/logos.jpg?itok=csfH09mP
This Republic Day, feel inspired and entertained by SPN’s English Cluster

As the nation embarks on a celebration of pride and valour on Republic Day, SPN’s English Cluster brings an entertainment parade of the finest shows and movies for its viewers.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/Shashi%20Shekhar%20Vempati.jpg?itok=KQPGyMuu
DD India to reposition as English channel; digital platform to launch before elections

Even as all the private media houses are gearing up for the general election, public broadcasters Doordarshan and All India Radio (AIR) are not lagging in their attempts to make hay out of the most lucrative season for news channels.

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/usp.jpg?itok=pH9gyts1
USP Studios partners with Cosmos-Maya to expand the global entertainment content distribution network for kids

Today, as parents are constantly trying to find the right balance of screen time for young kids, entertainment along with interactive learning plays an imperative role.

Television TV Channels Kids
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/axis.jpg?itok=HzeFqOmK
Axis Mutual Funds and The Womb take on Fake News in India!

In the context of fake news getting forwarded and investors getting unnecessarily influenced by it, Axis Mutual Fund, one of India’s premier asset management companies has launched an investor awareness campaign

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/motu-patlu.jpg?itok=PbD2fDhq
Celebrate Republic Day with Motu Patlu’s 18th made-for-television movie - ‘Motu Patlu the Superheroes – Super Villains from Mars’

This Republic Day, Motu-Patlu will embark on a all-new adventure, fighting evil to protect the citizens of Furfurinagar and Modern city in their upcoming TV movie ‘Motu Patlu the Superheroes – Super Villains from Mars’ premiering on Sunday, 26th January at 12:30 pm only on Nickelodeon.

Television TV Channels Kids

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories