Viacom Files S-4 for Split into Two Companies

Yesterday Viacom filed an S-4 registration statement with the SEC to register securities to be issued in a planned split of the company.  Click here for the registration statement.  The company will be split  into two publicly traded companies.  One will retain the Viacom name and include Viacom's advertising-supported Cable Networks business (MTV, BET, etc.) and its Paramount Pictures business. The other will be called CBS Corporation, and will consist of the CBS, UPN and Showtime networks; the CBS television stations group; Infinity Broadcasting; the CBS, Paramount and King World television production and syndication operations; Viacom Outdoor; Paramount Parks and Simon & Schuster.  Click here for an AP story on the split.  Will the sum of the parts be greater than the whole?  We'll have to wait and see.  For the day, Viacom Class A common stock closed down $0.59 at $32.21 per share.