Warner-Amex Satellite Entertainment

Warner-Amex Satellite Entertainment Corporation (WASEC) was a joint venture run by Warner Communications and American Express. In 1984, Warner acquired Amex s other half in the company.

WASEC was primarily known for its key assets, MTV, Nickelodeon (TV Channel), VH1, Showtime (television), and The Movie Channel.

In 1985, after Viacom purchased WASEC from Warner, it was split into two strategic divisions under the Viacom umbrella (which still remains to this day).

The divisions are:

*MTV Networks including

MTV

MTV2

MTV Latino

Comedy Central

Nickelodeon/Nick At Nite

TV Land

The-N

Noggin

Nickelodeon GAS

Nicktoons TV

VH1

Logo

CMT

Spike TV

Showtime Networks including

Showtime

The Movie Channel

The Sundance Channel (co-owned between Robert Redford, Viacom, and NBC Universal)

Following the expected spin-off of the new CBS Corporation from Viacom, Showtime will be owned by CBS, while Viacom will continue to own MTV Networks.