1886 Westinghouse Electric Corporation is founded as Westinghouse Electric & Manufacturing Company 1912 Famous Players Film Company is founded 1913 Lasky Feature Play Company is founded 1914 Paramount Pictures is founded 1916 Famous Players and Lasky merge as Famous Players–Lasky and acquire Paramount 1927 Famous Players–Lasky is renamed Paramount Famous Lasky Corporation; CBS is founded with investment from Columbia Records 1929 Paramount acquires 49% of CBS 1930 Paramount Famous Lasky Corporation is renamed Paramount Publix Corporation 1932 Paramount sells back its shares of CBS 1934 Gulf+Western is founded as the Michigan Bumper Corporation 1935 Paramount Publix Corporation is renamed Paramount Pictures 1936 National Amusements is founded as Northeast Theater Corporation 1938 CBS acquires Columbia Records 1950 Desilu is founded and CBS distributes its television programs 1952 CBS creates the CBS Television Film Sales division 1958 CBS Television Film Sales is renamed CBS Films 1966 Gulf+Western acquires Paramount 1967 Gulf+Western acquires Desilu and renames it Paramount Television (now CBS Studios) 1968 CBS Films is renamed CBS Enterprises 1970 CBS Enterprises is renamed Viacom 1971 Viacom is spun off from CBS 1987 National Amusements acquires Viacom 1988 CBS sells Columbia Records to Sony 1989 Gulf+Western is renamed Paramount Communications 1994 Viacom acquires Paramount Communications 1995 Paramount Television and United Television launch UPN; Westinghouse acquires Mehr sehen