text: At the beginning of New Year 's Eve 2005 , Viacom was split into two different companies , with CBS Corporation becoming its own standalone company and Nickelodeon going to the new Viacom .
simplified: At the beginning of New Year 's Eve 2005 , Viacom split into two different companies , with CBS Corporation becoming its own standalone company and Nickelodeon going to new Viacom .