This paper discusses Viacom's current position in the entertainment and media industry. It is a big conglomerate made up of a number of various companies including ViacomÂ’s corporate ownership and power can be viewed by examining financial statements, operations, revenue activities, new market entries, corporate initiatives, and corporate governance. Some of the TV channels include: MTV, Nickelodeon, Nick at Night, VH1, BET, Comedy Central, Country Music Channel, Spike TV, Showtime, TV Land, Paramount Pictures, Infinity Broadcasting, Viacom Outdoor (i.e. billboards), and Simon & Shuster (i.e. publishing). Viacom operates in over 160 countries around the world. ViacomÂ’s headquarters is in New York City. The companyÂ’s three biggest competitors are: (1) News Corporation Inc., (2) Time Warner Inc., and (3) The Walt Disney Co.
