Comedy Central Productions: Difference between revisions

'''Background:''' Before the name "Comedy Central" existed, the network was owned by an outfit called "Comedy Partners" founded by none other than Viacom, Inc. and Time-Life (later Time Warner). Time Warner's HBO unit had expanded into basic cable with a channel called "The Comedy Channel". Similarly, Viacom was operating "Ha! TV Comedy Network". After both channels took a hit, the two compromised and created a jointly-owned company as "Comedy Partners", merging both channels into "CTV: The Comedy Network", but later renamed it to "Comedy Central" in order to save confusion from Canada's CTV network. In April 2003, Time Warner sold their half of Comedy Partners for $1.23 billion, resulting in Viacom owning 100% of Comedy Central and the network was made part of the MTV Networks (now the "Viacom Media Networks").