• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Arts & EntertainmentViacom

Viacom Unveils the Paramount Network, Its Bid for a Top-Tier Cable Channel

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
March 30, 2017, 7:40 PM ET
The Viacom Inc. logo is displayed outside the headquarters i
UNITED STATES - JULY 28: The Viacom Inc. logo is displayed outside the headquarters in New York, U.S., on Tuesday, July 28, 2009. Viacom, owner of MTV Networks and the Paramount Pictures film studio, said second-quarter profit fell 32 percent because of an advertising slump and declining movie revenue. (Photo by Andrew Harrer/Bloomberg via Getty Images)Photograph by Andrew Harrer — Bloomberg/Getty Images

When Viacom’s Spike TV rebrands as the Paramount Network in early 2018, the struggling media company hopes to position itself as a challenger to top-rated U.S. cable networks like Comcast’s USA and Time Warner’s TNT with shows that have the caliber of HBO.

Viacom is heading into the upfront, when U.S. TV channels sell the bulk of their advertising inventory for the next year, seeking to turn around its fortunes under new CEO Bob Bakish. The Paramount Network will be a major part of their pitch to advertisers when Viacom begins meetings with agencies in mid-April.

On Thursday, Viacom (VIAB) unveiled the first look of the new network since it announced the rebrand.

Since launching in 2003 as the first network exclusively for men, Spike had been a hard sell for Viacom because the network failed to meaningfully catch on with that demographic. What Viacom has been missing is a big, broad cable network like a USA, which has been the most-watched entertainment-based U.S. cable channel the last 11 years. It hopes to fill that void with Paramount Network.

Get Data Sheet, Fortune’s technology newsletter.

“The level I would say of what we want to do is more of the quality of an HBO,” Kevin Kay, president of the Paramount Network, told Reuters. However, since HBO is a subscription-based channel that doesn’t have to cater towards advertisers, Kay has a tightrope to walk.

“I don’t want to be super dark and not funny,” said Kay.

One former ad sales rep for Viacom noted that its lack of long-form dramas, a staple on most other major networks, was frustrating since it was something potential advertisers wanted.

“They’ve been too niche in their youth focus… they’ve never had a USA,” said Rino Scanzoni, executive chairman and CEO of ad agencies Midas Exchange and Modi Media owned by WPP (WPPGY), who noted that Viacom was abandoned by younger audiences migrating towards digital.

These Are the Most Expensive TV Shows of All Time

Paramount plans to launch at least six new series next year, and three were announced Thursday. American Woman is based loosely on the life of reality TV star Kyle Richards; an hour-long adaptation of the 1988 film Heathers and a six-part drama miniseries Waco.

The new channel will also mine film studio Paramount Pictures, which is undertaking its own turnaround under new chief Jim Gianopulos, for movies to turn into TV shows. An adaptation of First Wives Club is in development.

With shows like Lip Sync Battle, which was renewed for a fourth season, Spike had already pushed away from its original branding, but Kay added that the name Spike was still a barrier for female viewers. “The switch to Paramount solves that problem.”

The hype awakens: Disney launches new Star Wars toys

As advertisers wade through the clutter of the “Peak TV” era, buyers are paying more attention to the overall strategy and brand of a network instead of trying to find the next hit TV show.

“Even with the big networks like the USA, TNTs and TBS’s of the world, they’re still all about something,” said Amy Ginsberg, Chief Investment Officer at Horizon Media’s Canvas Worldwide, on the need for Paramount shows to have a theme that identifies them with the network.

About the Author
By Reuters
See full bioRight Arrow Button Icon

Latest in Arts & Entertainment

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Arts & Entertainment

art
LawCrime
Father-daughter duo duped New York City art world with at least 200 fake Banksy, Warhols, Wyeths, prosecutors say
By Jake Offenhartz and The Associated PressApril 30, 2026
14 hours ago
gen z
Arts & EntertainmentMedia
57% of Americans between 13 and 17 years old get news from social media at least once a day
By David Bauder, Linley Sanders and The Associated PressApril 30, 2026
14 hours ago
Taylor Swift poses.
AICelebrities
Taylor Swift files to trademark her voice and image to save from potential AI misuse
By Maria Sherman and The Associated PressApril 28, 2026
3 days ago
damaro
CommentaryDisney
Disney’s $60 billion bet on the one thing AI can’t replace
By Roland BetancourtApril 28, 2026
3 days ago
trump
PoliticsMedia
Trump wants Kimmel’s head (again) after joke about Melania Trump as ‘expectant widow’
By David Bauder and The Associated PressApril 28, 2026
3 days ago
Top CD rates from major banks April 27, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
BankingCertificates of Deposit (CDs)
Top CD rates from major banks on April 27, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Danny BakstApril 27, 2026
4 days ago

Most Popular

Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
Success
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
By Preston ForeApril 27, 2026
4 days ago
Google Cloud revenue is now 18% of Alphabet's business. Is this the beginning of the end of Google's search identity?
Big Tech
Google Cloud revenue is now 18% of Alphabet's business. Is this the beginning of the end of Google's search identity?
By Alexei OreskovicApril 29, 2026
1 day ago
China dominates the world's lithium supply. The U.S. just found 328 years' worth in its own backyard
North America
China dominates the world's lithium supply. The U.S. just found 328 years' worth in its own backyard
By Jake AngeloApril 30, 2026
10 hours ago
‘The cost of compute is far beyond the costs of the employees’: Nvidia executive says right now AI is more expensive than paying human workers
AI
‘The cost of compute is far beyond the costs of the employees’: Nvidia executive says right now AI is more expensive than paying human workers
By Sasha RogelbergApril 28, 2026
3 days ago
With no end in sight, Trump considers new options in Iran war—including the ‘Dark Eagle’ hypersonic missile
Big Tech
With no end in sight, Trump considers new options in Iran war—including the ‘Dark Eagle’ hypersonic missile
By Jim EdwardsApril 30, 2026
18 hours ago
No, tariffs are not strengthening the economy
Commentary
No, tariffs are not strengthening the economy
By Alex DuranteApril 29, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.