CBS Corporation
Type	Public (NYSE: CBS) Sumner Redstone, through National Amusements, owns a controlling amount of voting shares
Founded	1986[1]
Headquarters	New York, New York, USA
Key people	Sumner Redstone, Chairman Leslie Moonves, President & CEO
Industry	Broadcasting & Publishing
Products	CBS, The CW, CBS Radio, more...
Revenue	$14.536 billion USD (2005)
Operating income	-$6.818 billion USD (2005)
Net income	-$7.089 billion USD (2005)
Employees
Website	www.cbscorporation.com

CBS Corporation (NYSE: CBS) is an American media conglomerate focused on broadcasting, publishing, billboards, and television production, with most of its operations in the United States. The President and CEO of the company is Leslie Moonves. Sumner Redstone, whose company National Amusements is CBS's majority shareholder, serves as Chairman. The company came into being on December 31, 2005 and began trading on the NYSE on January 3, 2006. It is the legal successor to the "old" Viacom.^[2] Image File history File links CBSCorp. ... A public company is a company owned by the public rather than by relatively few individuals. ... This article is about the stock exchange itself. ... Sumner Murray Redstone (born Sumner Murray Rothstein on May 27, 1923 in Boston, Massachusetts) is Chairman of the Board and controlling shareholder of the Viacom and CBS Corporation media conglomerates, and is also the majority owner of Midway Games and is the owner of the National Amusements theater chain. ... National Amusements is a chain of movie theaters spanning 1,300 screens, mainly in the New England and Mid-Atlantic areas of the United States. ... 1986 (MCMLXXXVI) was a common year starting on Wednesday of the Gregorian calendar. ... Nickname: Big Apple, Gotham Location in the state of New York Coordinates: Country United States State New York Boroughs The Bronx Brooklyn Manhattan Queens Staten Island Settled 1613 Mayor Michael Bloomberg (R) Area    - City 1,214. ... Sumner Murray Redstone (born Sumner Murray Rothstein on May 27, 1923 in Boston, Massachusetts) is Chairman of the Board and controlling shareholder of the Viacom and CBS Corporation media conglomerates, and is also the majority owner of Midway Games and is the owner of the National Amusements theater chain. ... Leslie Moonves (born December 23, 1948 in New York City) is President and Chief Executive Officer of CBS Corporation. ... Wikibooks has more about this subject: Marketing Note: broadcasting is also a term for hand sowing. ... This article is concerned with the production of books, magazines, and other literary material (whether in printed or electronic formats). ... CBS is derived from an abbreviation of Columbia Broadcasting System, the former legal name of a company Westinghouse Electric Corporation acquired in 1995. ... The Crimson White, known colloquially as The CW, is the student-run newspaper of the University of Alabama. ... CBS Radio Inc. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... Image File history File links Green_Arrow_Up. ... The United States dollar is the official currency of the United States. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... Image File history File links Red_Arrow_Down. ... The United States dollar is the official currency of the United States. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links Red_Arrow_Down. ... The United States dollar is the official currency of the United States. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... A website (or Web site) is a collection of web pages, typically common to a particular domain name or subdomain on the World Wide Web on the Internet. ... This article is about the stock exchange itself. ... It has been suggested that Media Institution be merged into this article or section. ... Wikibooks has more about this subject: Marketing Note: broadcasting is also a term for hand sowing. ... This article is concerned with the production of books, magazines, and other literary material (whether in printed or electronic formats). ... Roadside billboards frequently encourage passersby to visit local businesses. ... Abraham Lincoln, 16th President of the United States (1861-1865) The majority of this article is about heads of states. ... A Chief Executive Officer (CEO), or Chief Executive, is the highest-ranking corporate officer, administrator, corporate administrator, executive, or executive officer, in charge of total management of a corporation, company, organization or agency. ... Leslie Moonves (born December 23, 1948 in New York City) is President and Chief Executive Officer of CBS Corporation. ... Sumner Murray Redstone (born Sumner Murray Rothstein on May 27, 1923 in Boston, Massachusetts) is Chairman of the Board and controlling shareholder of the Viacom and CBS Corporation media conglomerates, and is also the majority owner of Midway Games and is the owner of the National Amusements theater chain. ... National Amusements is a chain of movie theaters spanning 1,300 screens, mainly in the New England and Mid-Atlantic areas of the United States. ... For other uses of chair, see chair (disambiguation). ... Viacom (pronounced with a long i as in eye) began life as CBS Films, the television syndication division of CBS. In 1971, the division was renamed VIACOM (Video & Audio Communications), and in 1973 it was spun off, amid new FCC rules forbidding television networks from owning syndication companies (the rules...

History

Viacom was created in 1970 as the television syndication division of CBS, and was spun off in 1971. However, in 1999, Viacom acquired its former parent, by this time also named CBS Corporation, formerly Westinghouse Electric Corporation. The prior CBS Corp. also owned CMT and The Nashville Network (now Spike TV), which remained Viacom properties after the 2005 split, but the prior CBS did not own UPN, Showtime, Paramount Television, Paramount Parks, or Simon and Schuster. Viacom (pronounced with a long i as in eye) began life as CBS Films, the television syndication division of CBS. In 1971, the division was renamed VIACOM (Video & Audio Communications), and in 1973 it was spun off, amid new FCC rules forbidding television networks from owning syndication companies (the rules... 1970 (MCMLXX) was a common year starting on Thursday (the link is to a full 1970 calendar). ... In the television industry (as in radio), syndication is the sale of the right to broadcast programs to multiple stations, without going through a broadcast network. ... 1971 (MCMLXXI) was a common year starting on Friday (the link is to a full 1971 calendar). ... 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ... The Westinghouse Electric Corporation was an organization founded by George Westinghouse in 1886 as Westinghouse Electric & Manufacturing Company. ... Country Music Television, or CMT as it usually called, is an American country music oriented cable television channel. ... Spike TV logo Spike TV is a cable television network. ... This article does not cite its references or sources. ... UPN (which originally stood for the United Paramount Network) was a television network in over 200 markets in the United States. ...

In March 2005, Viacom announced plans of looking into splitting the company into two publicly traded companies, amid issues of the stock price stagnating (although it was alleged that another main force behind the split was the Super Bowl XXXVIII halftime show controversy, which led to MTV not being allowed to produce any more halftime shows, they had also produced the show for Super Bowl XXXV, the first Super Bowl CBS aired since regaining NFL rights and become MTV's corporate sibling). On June 14, 2005, the Viacom board of directors approved the split of the company into two firms. The CBS Corporation name would be revived for one of the companies, to be headed by longtime television executive (and Viacom co-President) Leslie Moonves, and would include CBS, UPN, Infinity Broadcasting, Viacom Outdoor, Showtime Networks, and Paramount's television studio. These businesses were categorized as the "slow growth businesses" because while they provided steady cash flow, they didn't have any growth potential. Some analysts argued that these businesses were suffocating the growth of the MTV Networks cable businesses. The wardrobe malfunction. ... Date January 28, 2001 Stadium Raymond James Stadium City Tampa, Florida MVP Ray Lewis, Linebacker Favorite Ravens by 3 National anthem Backstreet Boys Coin toss Marcus Allen, Ottis Anderson, Tom Flores, Bill Parcells Referee Gerald Austin Halftime show Aerosmith, Britney Spears, Nelly, Mary J. Blige and *NSYNC Attendance 71,921... June 14 is the 165th day of the year in the Gregorian calendar (166th in leap years), with 200 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Leslie Moonves (born December 23, 1948 in New York City) is President and Chief Executive Officer of CBS Corporation. ...

The split was structured such that the "new" Viacom was spun off from the "old" Viacom, which was renamed CBS Corporation. In a sense, this was a repeat of the 1971 spinoff. However, in this case, CBS retained virtually all of the prior firm's broadcast TV assets, including its various syndication companies. Viacom (NYSE: VIA) (NYSE: VIAb) is an American media conglomerate with various worldwide interests in cable and satellite television networks (MTV Networks and BET), and movie production and distribution (the Paramount Pictures movie studio and DreamWorks). ...

The split was completed on December 31, 2005, and the two new companies began trading on the NYSE, on the next business day, January 3, 2006.^[3] The CBS network ran an advertisement stating that the CBS Corporation would exist "beginning on January 3, 2006," (likely referring to be beginning of trading on the New York Stock Exchange), but the websites of the CBS Corporation and Viacom were split beforehand, with a notice on both sites stating that it officially occurred on December 31, 2005. This article is about the stock exchange itself. ...

In the interim, Viacom/CBS was involved in a number of recent station sales. On December 2, 2004 Viacom acquired CBS affiliate KOVR-TV in Sacramento, from Sinclair Broadcast Group. Viacom also acquired two stations in West Palm Beach. During 2005, Viacom/CBS has announced it would sell several non-duopoly UPN affiliates, in Indianapolis, Columbus, New Orleans, and Oklahoma City, with possibilities of additional sales. December 2 is the 336th day (337th in leap years) of the year in the Gregorian calendar. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... The Sinclair Broadcast Group (SBG) NASDAQ: SBGI is the operator of the largest number of local television stations in the United States with a total of 59 stations across the country in 38 (mostly) small and medium markets. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... A true duopoly is a form of oligopoly where only two producers exist in a market. ... The Indianapolis skyline Indianapolis is the capital of the U.S. state of Indiana. ... Nickname: The Arch City The Discovery City Location in the state of Ohio, USA Coordinates: Country United States State Ohio Counties Franklin, Delaware, and Fairfield Mayor Michael B. Coleman (D) Area    - City 550. ... New Orleans is the largest city in the state of Louisiana, United States of America. ... Downtown Oklahoma City The State Capitol of Oklahoma From The South Motto: Nickname: Capital of the New Century Founded 1889 Incorporated County Oklahoma County Cleveland County Canadian County Borough {{{borough}}} Parrish {{{parrish}}} Mayor Mick Cornett Area  - Total  - Water 1,608. ...

The CW Television Network

The CW logo

Main article: The CW Television Network

On January 24, 2006, CBS Corporation and Time Warner announced that they were to create a new broadcast network, The CW Television Network. The network officially debuted on September 18, 2006. The network formally debuted on September 20 with the 2 hour premiere of America's Next Top Model. Image File history File links The_CW.svg The CW logo in SVG format. ... Image File history File links The_CW.svg The CW logo in SVG format. ... The CW redirects here. ... January 24 is the 24th day of the year in the Gregorian calendar. ... 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Time Warner Inc. ... The CW redirects here. ... September 18 is the 261st day of the year (262nd in leap years). ... September 20 is the 263rd day of the year (264th in leap years). ... This article or section does not cite its references or sources. ...

The network is the result of a merger of The WB Television Network (a Time Warner holding) and UPN (a CBS Corporation holding). CBS Corporation and Time Warner will each own 50% of the network. Tribune Broadcasting (previously owned a 25% stake on The WB} and CBS Corporation will contribute its stations as new network affiliates. The WB Television Network, casually referred to as The WB, the acronym for Warner Brothers, or sometimes as The Frog (referring to the networks former mascot, the animated character Michigan J. Frog), was a television network in the United States, founded as a joint venture between the Warner Bros. ... UPN (which originally stood for the United Paramount Network) was a television network in over 200 markets in the United States. ... Tribune Broadcasting is a group of radio and television stations located throughout the United States which are owned and operated by the Tribune Company, a media conglomerate based in Chicago, Illinois. ... The WB Television Network is a television network in the United States, founded as a joint venture between the Warner Bros. ...

Paramount Parks

Main article: Paramount Parks

Three days after the announcment of The CW, on January 27, CBS announced that it was selling its Paramount Parks division. On May 23, 2006, CBS sold Paramount Parks to Cedar Fair, L.P.. With this acquisition, Cedar Fair becomes the third-largest theme park operator. Paramount Parks is an operator of theme parks and attractions, which annually attract about 13 million patrons. ... January 27 is the 27th day of the year in the Gregorian calendar. ... Paramount Parks is an operator of theme parks and attractions, which annually attract about 13 million patrons. ... May 23 is the 143rd day of the year in the Gregorian calendar (144th in leap years). ... Cedar Fair, L.P. NYSE: FUN is a publicly-traded company that owns and operates amusement parks in North America. ...

Announced early in 2006, CBS and DIC Entertainment signed a multi-year deal to provide three hours of programming that meet FCC standards for educational programming. The block would be called "KOL Secret Slumber Party on CBS" -- which is also a partnership with America Online's KOL kids service and will premiere on September 16, 2006. Shows included are Sabrina, the Animated Series, Horseland, Madeline, Dance Revolution and many others. [1] It was originally supposed to be called "CBS's Saturday Morning Secret Slumber Party" but was renamed with KOL's alliance. [2] 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Image DiC Vision DiC Entertainment (pronounced deek) is an international film and television production company which was created in 1971 by Jean Chalopin in Luxembourg, as a subsidiary of Radio-Television Luxembourg (RTL). ... The FCCs official seal. ... KOL Secret Slumber Party, weekends on CBS. KOL Secret Slumber Party on CBS is a three-hour childrens programming block that began September 16, 2006 on CBS, replacing Nick Jr. ... Screenshot of AOL.com AOL LLC (formerly America Online, Inc) is an American online service provider, bulletin board system, and media company operated by Time Warner. ... September 16 is the 259th day of the year (260th in leap years). ... 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... This article or section may contain original research or unverified claims. ... The cover to the original 1939 Madeline childrens book. ... This article is about the upcoming television series. ...

On June 30, 2006, Cedar Fair, L.P. announced that it has completed its acquistion of Paramount Parks from CBS Corporation in a cash transaction valued at $1.24 billion. June 30 is the 181st day of the year (182nd in leap years) in the Gregorian Calendar, with 184 days remaining. ... Cedar Fair, L.P. NYSE: FUN is a publicly-traded company that owns and operates amusement parks in North America. ...

Corporate governance

The board of directors of CBS Corp. include David R. Andelman, Joseph A. Califano, Jr., William S. Cohen, Charles K. Gifford, Bruce S. Gordon, Philippe P. Dauman, Leslie Moonves, Shari Redstone (non-executive Vice-Chair), Sumner Redstone (Chairman), Ann N. Reese, Judith A. Sprieser, and Robert D. Walter. In relation to a company, a director is an officer of the company charged with the conduct and management of its affairs. ... David A. Andelman is an executive editor at Forbes. ... Joseph Anthony Califano, Jr. ... William Sebastian Cohen (born August 28, 1940) is an American Republican politician from Maine. ... Charles K. Gifford is a corporate director of the CBS Corporation. ... Bruce S. Gordon is an African American business executive, selected in June 2005 to head the NAACP, a major American civil rights organization. ... Philippe Dauman is a corporate director of the Viacom and CBS Corporations. ... Leslie Moonves (born December 23, 1948 in New York City) is President and Chief Executive Officer of CBS Corporation. ... Shari Redstone is a corporate director of the CBS and Viacom companies. ... Sumner Murray Redstone (born Sumner Murray Rothstein on May 27, 1923 in Boston, Massachusetts) is Chairman of the Board and controlling shareholder of the Viacom and CBS Corporation media conglomerates, and is also the majority owner of Midway Games and is the owner of the National Amusements theater chain. ... For other uses of chair, see chair (disambiguation). ... Ann N. Reese is a corporate director of the CBS Corporation. ... Judith A. Sprieser is a corporate director of the CBS Corporation. ... In 1971 an ambitious 26-year-old Harvard MBA named Robert D. Walter purchased Cardinal Foods, a small Ohio food wholesaler, in a leveraged buyout. ...

Assets

Further information: List of assets owned by CBS

• Television networks: CBS, The CW (co-owned with Time Warner), CSTV Networks, Showtime Networks
• Television broadcast affiliates: CBS Television Stations
• Television production and distribution: CBS Paramount Television, Big Ticket Television, Spelling Television, etc.
• Record Label: CBS Records
• Radio: CBS Radio
• Digital Media: CBS Interactive
• Outdoor advertising: CBS Outdoor
• Publishing: Simon & Schuster
• Consumer products: CBS Consumer Products
• Legacy brands: Westinghouse Electric Corporation (1998)

The following is a list of major assets owned by CBS Corporation: // Radio Networks CBS Radio (manages Westwood One Radio Network) Metro Networks Radio Stations CBS Radio (owns and operates over 180 stations) Internet CBS Digital Media SportsLine. ... Wikipedia does not yet have an article with this exact name. ... The CW redirects here. ... Time Warner Inc. ... College Sports TV (CSTV) Networks, Inc. ... Showtime is a US cable TV network that primarily shows motion pictures as well as some original programming and occasional boxing matches. ... CBS Paramount Television (formerly Desilu Productions, Paramount Television, among other companies) is an American television production/distribution company that was formed on January 17, 2006 by CBS Corporation. ... Big Ticket Television, Inc. ... Spelling Television is a television production company that has produced popular shows such as Charmed, Beverly Hills 90210, 7th Heaven and Melrose Place. ... Columbia Records is the oldest continually used brand name in recorded sound, dating back to 1888. ... CBS Radio Inc. ... CBS Outdoor is the outdoor advertising division of media conglomerate CBS Corporation. ... Jean-François Millet Le Semeur (The Sower) Simon & Schuster logo, circa 1961. ... CBS Consumer Products, a unit of the CBS Corporation, manages the worldwide licensing, merchandising, and video activities for a diverse slate of properties owned or controlled by the CBS Corporation, including CBS Paramount Television and King World Productions, Inc. ... The Westinghouse Electric Corporation (WEC) is a Delaware corporation founded by a prior instance of the CBS Corporation in 1998 to manage the intellectual property assets relating to the venerable Westinghouse brand. ...

Accounting Ratios

See also

• Viacom (1971-2005), the prior name of the post-2005 CBS Corporation.
• CBS Corporation (1997), an old instance of the company, purchased by the old Viacom in 1999,
• Viacom, the current Viacom, broke off in 2005.
• CBS Mandate, the logo/branding guidelines used on TV stations owned by CBS Corporation.

Viacom (pronounced with a long i as in eye) began life as CBS Films, the television syndication division of CBS. In 1971, the division was renamed VIACOM (Video & Audio Communications), and in 1973 it was spun off, amid new FCC rules forbidding television networks from owning syndication companies (the rules... The Westinghouse Electric Corporation was an organization founded by George Westinghouse in 1886 as Westinghouse Electric & Manufacturing Company. ... Viacom (NYSE: VIA) (NYSE: VIAb) is an American media conglomerate with various worldwide interests in cable and satellite television networks (MTV Networks and BET), and movie production and distribution (the Paramount Pictures movie studio and DreamWorks). ... This article or section does not cite its references or sources. ...

External links

• Official website
• SEC filing (Form S-4) relating to split

Footnotes

1. ^ The Viacom-CBS split was structured in such a way that the existing company (Viacom) changed its name to CBS Corporation, while the new Viacom is actually a newly founded spin-off company. For this reason, the newly rechristened CBS Corporation is actually the same company (Viacom) that was founded in 1986. The 1986 Viacom, in turn, was the successor to a previous company also known as Viacom and founded in 1971.
2. ^ http://www.cbscorporation.com/media/pdf/CleanShareholderletterS.pdf
3. ^ http://www.cbscorporation.com/media/pdf/CleanShareholderletterS.pdf