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 2000 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
  • The first incarnation of Viacom
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
SuccessorParamount Global
Headquarters
Area served
Worldwide, with main operations in the United States and Australia
Key people
  • Strauss Zelnick
    (interim chairman)
  • Joseph Ianniello
    (president and acting CEO)
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 Interactive
CBS Records
CBS Sports Network
CBS Television Distribution
CBS Television Studios
Showtime Networks
Simon & Schuster
Digital assets of TV Guide
The CW (jv; with WB 50%)
Pop TV
Websitewww.cbscorporation.com (archived Dec 4, 2019)
Footnotes / references
[note 1][2]

CBS Corporation (also known as CBS Entertainment in production) was an American mass media corporation focused on broadcasting, publishing, and television production. Until 2005, the company was known as Viacom. A new company, keeping the Viacom name, was spun off from CBS.

In 2019, CBS Corporation and Viacom were merged together. This created ViacomCBS, a combination of the two companies. The merger was finished on December 4, 2019.[3]

Notes

  1. ↑ The Viacom-CBS split was structured in such a way that the first Viacom changed its name to CBS Corporation, while the second Viacom was an entirely spun-off company. For this reason, the rechristened CBS Corporation was 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.

References

  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. ↑ Shivdas, Sanjana (December 4, 2019). "CBS, Viacom complete merger in a win for Shari Redstone". Reuters. Retrieved February 11, 2020.