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Viacom's Paramount To Return To TV Production
- Wall Street Journal, Tuesday, March 5, 2013 4:50 PM
Viacom's Paramount Pictures will begin producing TV shows again -- "eight years after ceding that business to CBS Corp., which like Viacom is controlled by [Sumner] Redstone," writes Ben Fritz and William Launder. First project will be a series based on the movie "Beverly Hills Cop," which like the film will star Eddie Murphy. "The move is the latest sign of competition between CBS and Viacom, which were split at the end of 2005 in a move aimed at giving investors a clearer choice between Viacom as a pure play content business and CBS as a broadcaster."
