Acquisition By CBS and Closing
In 1999, King World was acquired by CBS. After CBS' purchase of the company, Eyemark Entertainment, the successor to Group W Productions following the CBS/Westinghouse merger, was folded into King World. CBS Enterprises was bought by Viacom, Inc. around the time of CBS's acquisition of King World, thus becoming owned by the post-split CBS Corporation as well as all of Viacom's former TV production and distribution operations.
In its latter days, King World was considered the syndication branch of the CBS network - a role Viacom actually first served upon its creation. King World, however, distributed newer CBS shows, while the older shows were syndicated by corporate affiliate CBS Paramount Television, the successor to the original distributor Viacom Enterprises. Additionally, from 2000 to 2006, King World distributed several programs from Westinghouse Broadcasting, such as The Mike Douglas Show.
On September 26, 2006, CBS announced that King World and CBS Paramount Television's syndication operations would be combined to form the CBS Television Distribution Group (CTD). Roger King was announced as CEO of the new entity. However, he died on December 8, 2007, after suffering a stroke the previous day. Today, John Nogawski is now president of CTD.
For one year, the King World on-screen identity was kept for the programs it distributed at its closure. However, most of the programs handled by King World were distributed under the name CBS Television Distribution. On August 20, 2007, CBS Television Distribution introduced a new closing logo to replace the old logos of King World, CBS Paramount Domestic Television, Paramount Television, and others. As previously mentioned, KWP Studios (the copyright holder for Rachael Ray) represents the last remnants of King World.
Famous quotes containing the words closing and/or acquisition:
“And if the stage-dark head rehearse
The fifth act of the closing night,
Why, cut it off, piece after piece,
And throw the tough cortex away....”
—Allen Tate (18991979)
“Whatever may be our just grievances in the southern states, it is fitting that we acknowledge that, considering their poverty and past relationship to the Negro race, they have done remarkably well for the cause of education among us. That the whole South should commit itself to the principle that the colored people have a right to be educated is an immense acquisition to the cause of popular education.”
—Fannie Barrier Williams (18551944)