Viacom Split Complete

Viacom Inc. rang in the New Year with the announcement that it officially completed its division into two publicly traded entities—CBS Corp. and “New” Viacom Inc.—plans for which the company had announced in June 2005.

Simon & Schuster, the company’s publishing arm and an international publisher of books and multimedia products that publishes some 2,000 titles annually, is now a property of CBS Corp., along with CBS Television Network, UPN, Infinity Broadcasting, Viacom Outdoor, Viacom Television Stations Group, Paramount Television, King World, Showtime and Paramount Parks.