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A desk laden with 2005 Viacom split documents, newspaper clippings, a portrait of Sumner Redstone, and screens displaying corporate data.

On June 14, 2005, Viacom decided to split itself into two companies as a result of the declining performance of its stock, which Sumner Redstone stated "was necessary to respond to a changing industry landscape."[74] On December 31, 2005, Nickelodeon and the remainder of the MTV Networks division, as well as Paramount Pictures, BET Networks, and Famous Music (a record label that the company sold off in 2007), were spun off to the new Viacom. According to Craig Bartlett, the creator of the Nicktoon Hey Arnold!, he would see Nickelodeon inevitably grow more corporate every year. In an unfortunate coincidence, 2005 was NAS's 13th year. The original Viacom was renamed CBS Corporation and retained CBS and its other broadcasting assets, Showtime Networks, Paramount Television (now the separate arms CBS Studios for network and cable production, and CBS Media Ventures for production of first-run syndicated programs and off-network series distribution), advertising firm Viacom Outdoor (which was renamed CBS Outdoor), Simon & Schuster, and Paramount Parks (which was later sold). Both resulting companies began trading on January 3, 2006, and remained controlled by the original Viacom's parent National Amusements Voir plus

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