…has an assortment of divisions under its umbrella, including Paramount, Simon & Schuster Publishing, MTV, VH1, CBS, Nickelodeon, BET, Comedy Central, The CW, CBS Radio (formerly Infinity Broadcasting), Showtime, King World, and a boatload of other stuff (probably including you, if you check the fine print in the crack of your ass).
…and Tom Freston.
Moonves got the newly-renamed CBS Corp. (which includes CBS, some affiliates, and the radio stations), and Tom Freston got Viacom (which included Paramount and the cable channels like MTV, BET, Nickelodeon, etc.)
This is big news in Hollywood, and probably for a lot of employees who loved Tom Freston.
Another day in La-La Land. I guess summer really is over.