11:33 AM PT -- Diddy's got a pitch for Cannon -- he wants Nick to join his cable network, Revolt TV, and make it his new creative home. Diddy says Revolt is "truly black owned" and adds ... "We got your back and love you and what you have done for the culture. We are for our people first!!! For us! By US! Let's go!!!"
10:40 AM PT -- A spokesperson for the media giant is responding to Nick's criticism, which included allegations Viacom banned all advertisement that supported George Floyd and Breonna Taylor. The spokesperson said, "Due to the comedic nature of the show we believe is in question 'Revenge Prank,' we didn't want to be insensitive by placing ads for it next to important and serious topics, such as Black Lives Matter. This is standard practice we use with our media agency to ensure that our ads don't come across as tone-deaf or disrespectful."
Nick had also reportedly claimed he reached out to the chairman of ViacomCBS. The rep tells TMZ ... "It is absolutely untrue that Nick Cannon reached out to the Chair of ViacomCBS."
Nick Cannon's firing back at ViacomCBS after it dropped him for making anti-Semitic comments -- and he's now claiming it's the media giant that's being divisive, not him ... and he has a list of demands.
"The Masked Singer" host responded to Viacom's decision Wednesday morning, saying, he's "deeply saddened" the company "misused an important moment for us to all grow closer together and learn more about one another" and, instead ... he claims it's trying to "make an example of an outspoken black man."
Cannon vows to not be bullied or silenced, and says Viacom "does not understand or respect the power of the black community."
As we reported, Viacom cut bait with Nick over his comments on his podcast "Cannon's Class" ... where he openly espoused Anti-Jewish, and clearly divisive, rhetoric from MinisterFarrakhan. He got a ton of backlash online, and then Viacom dropped the hammer, but Nick alleges the pot's calling the kettle black.
Cannon says ... "I honestly can’t believe that Viacom has such poor council that would allow them to make such a divisive decision in the midst of protests and civil uprising within our current pandemic. Truly an unwise decision."
He goes on to say he hoped his comments could lead to reconciliation and he could "use this moment to show healing and acceptance" ... but claims Viacom has no interest. He also accuses the media giant of banning all advertising that supported George Floyd and Breonna Taylor.
Nick acknowledges he's had an incredibly successful past with Viacom -- including his Nickelodeon days and the creation of 'Wild 'N Out,' but says the company is "now on the wrong side of history."
He did apologize "if I have furthered the hate speech" ... but also makes it clear he's gonna fight for "full ownership of my billion-dollar 'Wild ‘N Out' brand that I created, and they will continue to misuse and destroy without my leadership! I demand that the hate and back door bullying cease and while we are at it, now that the truth is out, I demand the Apology!"