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    Viacom buys Pluto TV for $340 million

    by Meg James, Los Angeles Times Jan 23, 2019 3 minutes

    Viacom Inc., which own such prominent cable channels as Comedy Central, MTV and Nickelodeon, is plunging into the fast-growing world of streaming.

    On Tuesday, the cable television giant said it has acquired live-TV streaming service, Pluto TV, for $340 million in cash. The move is designed to help kick-start Viacom's streaming efforts at a time when traditional media companies are scrambling to find ways to connect with younger consumers who are

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