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In 2001, the network was purchased by media conglomerate Viacom (afterwards to be part of Paramount Worldwide) for $3 billion. In 2005, Johnson retired with the community, turning over his titles of president and chief executive officer to former BET vice president Debra L. Lee.

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In 1991, the network turned the 1st black-controlled tv corporation for being listed over the Ny Stock Trade.[3] Starting off the late 1990s, the community expanded Together with the launch of electronic cable networks: what's now the final curiosity channel Guess Her was originally released as "Wager on Jazz" (afterwards known as "Wager Jazz", "Wager J", and "Centric"), created originally to showcase jazz new music-connected programming, especially that of black American jazz musicians.