CBS Corporation
Logo used from 2006 to 2019 | |
Headquarters at the CBS Building in New York City | |
| Company type | Public |
|---|---|
| Industry | Mass media |
| Predecessor |
|
| Founded | November 30, 1997 (first incarnation) December 31, 2005 (second incarnation) |
| Defunct | April 15, 2000 (first incarnation) December 4, 2019 (second incarnation) |
| Fate |
|
| Successor | Viacom (first incarnation) Paramount Global (second incarnation) |
| Headquarters |
|
Area served | Worldwide, with main operations in the United States and Australia |
Key people |
|
| Products | Movie production, TV production, broadcasting, cable television, record label, publishing, Internet |
| Revenue | US$ 14.514 billion (2018) |
| US$ 2.768 billion (2018) | |
| US$ 1.960 billion (2018) | |
| Total assets | US$ 21.86 billion (2018) |
| Total equity | US$ 2.80 billion (2018) |
| Owner | National Amusements (80% voting power) |
Number of employees | ~12,700 (2017) |
| Divisions | CBS Entertainment Group CBS Cable Networks CBS Publishing CBS Local Media CBS Productions CBS Experiences[1] |
| Subsidiaries | CBS CBS News CBS Sports 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 |
| Website | www.cbscorporation.com (archived Dec 4, 2019) |
| Footnotes / references Financials as of December 31, 2017.[note 1][2] | |
CBS Corporation was an American multinational media company with interests primarily in commercial broadcasting, publishing and television production. The first incarnation of the company was formed on November 30, 1997 after the Westinghouse Electric Corporation was renamed as CBS Corporation, and merged with Viacom on April 15, 2000. The second incarnation was formed after it was split from Viacom on December 31, 2005, alongside an entirely new Viacom; both the second 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 broadcasting (CBS and The CW (50% with Warner Bros. Entertainment)), 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 Skydance).[5] The merger was completed on December 4.[6][7]
- ^ "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.
- ^ "US SEC: Form 10-K CBS Corporation". U.S. Securities and Exchange Commission. Retrieved February 25, 2018.
- ^ "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.
- ^ "Contact Info Archived November 29, 2009, at the Wayback Machine." CBS Corporation. Retrieved on November 3, 2009.
- ^ Cite error: The named reference
:0was invoked but never defined (see the help page). - ^ Hayes, Dade (November 25, 2019). "Viacom And CBS Announce Expected Closing Date Of Merger". Deadline. Retrieved November 25, 2019.
- ^ "Viacom and CBS Corp. are officially back together again". CBS News. December 4, 2019.
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