CBS Corporation

This article is about the media conglomerate in operation from 2005 to 2019. For the original CBS Corporation that operated from 1997 to 2000, see Westinghouse Electric Corporation. For the media conglomerate that acquired the first incarnation in 1999 and ceased operations in 2005, see Viacom (1952–2005).

CBS Corporation
Company typePublic
  • NYSE: CBS.A (Class A)
  • NYSE: CBS (Class B non voting)
IndustryMass media
Predecessors
FoundedDecember 31, 2005; 18 years ago (2005-12-31)
DefunctDecember 4, 2019; 4 years ago (2019-12-04)
FateMerged with the second incarnation of Viacom
SuccessorViacomCBS (now known as Paramount Global)
Headquarters
Area served
Worldwide, with main operations in the United States and Australia
Key people
ProductsMovie production, TV production, broadcasting, cable television, record label, publishing, Internet
RevenueIncrease US$ 14.514 billion (2018)
Decrease US$ 2.768 billion (2018)
Decrease US$ 1.960 billion (2018)
Total assetsDecrease US$ 21.86 billion (2018)
Total equityDecrease US$ 2.80 billion (2018)
OwnerNational Amusements (80% voting power)
Number of employees
~12,700 (2017)
DivisionsCBS Entertainment
CBS Cable Networks
CBS Publishing
CBS Local Media
CBS Experiences[1]
SubsidiariesCBS
CBS Films
CBS Interactive
CBS Records
CBS Sports Network
CBS Television Distribution
CBS Television Studios
Showtime Networks
Simon & Schuster
TV Guide (digital assets)
The CW (50%)
Pop TV
Websitewww.cbscorporation.com (archived Dec 4, 2019)
Footnotes / references
[note 1][2]

The second incarnation of CBS Corporation (the first being a short-lived rename of the Westinghouse Electric Corporation) was an American multinational media company with interests primarily in commercial broadcasting, publishing, and television production. It was formed on December 31, 2005, as the legal successor of the original Viacom, following the spin-off of the second incarnation of Viacom; both CBS Corporation and the second Viacom were controlled by National Amusements, a theater company owned by billionaire Sumner Redstone.[3]

CBS Corporation comprised the over-the-air television (CBS and The CW) broadcasting, television production and distribution, publishing, pay-cable, and recording assets that were previously owned by the first Viacom. It was the world's eighth largest entertainment company in terms of revenue and headquartered at the CBS Building in Midtown Manhattan, New York City.[4]

CBS Corporation announced on August 13, 2019, that it would merge with Viacom for the second time to form ViacomCBS (now known as Paramount Global).[5] The merger was completed on December 4.[6][7]

  1. ^ "CBS Corporation Announces Launch Of CBS Experiences (CBSX), A New Live And Experiential Events Division". PR Newswire. Cision. June 12, 2018. Retrieved May 30, 2019.
  2. ^ "US SEC: Form 10-K CBS Corporation". U.S. Securities and Exchange Commission. Retrieved February 25, 2018.
  3. ^ "Certain Federal Income Tax Information Regarding the Separation of Viacom Inc" (PDF). CBS Corporation. January 12, 2006. Archived from the original (PDF) on June 25, 2008. Retrieved November 30, 2008.
  4. ^ "Contact Info Archived November 29, 2009, at the Wayback Machine." CBS Corporation. Retrieved on November 3, 2009.
  5. ^ Cite error: The named reference :0 was invoked but never defined (see the help page).
  6. ^ Hayes, Dade (November 25, 2019). "Viacom And CBS Announce Expected Closing Date Of Merger". Deadline. Retrieved November 25, 2019.
  7. ^ "Viacom and CBS Corp. are officially back together again". CBS News. December 4, 2019.


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