Viacom Satellite Broadcasting is a division of media conglomerate Viacom that oversees the operation of many TV network and Internet brands, including the first MTV channel.
The company was established in 1984 as MTV Networks after Warner Communications and American Express decided to divest the basic cable assets of Warner-Amex Satellite Entertainment, renaming it MTV Networks, Inc. The following year, Viacom acquired 66% of the company, and then acquired the remaining interest in 1986. It was then folded into Viacom International Inc., a subsidiary of Viacom Inc., and is no longer a distinct legal entity.
Warner-Amex originally created and owned Nickelodeon, MTV, VH1, and The Movie Channel. It has also recently made a partnership with NEXON Inc. to promote its Neopets service.
