CBS Corporation
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.
Logo used from 2005 to 2019 | |
Headquarters at the CBS Building in New York City | |
| Company type | Public |
|---|---|
Traded as |
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| Industry | Mass media |
| Predecessors |
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| Founded | December 31, 2005 |
| Defunct | December 4, 2019 |
| Fate | Merged with the second incarnation of Viacom |
| Successor | ViacomCBS (now known as Paramount Global) |
| Headquarters |
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Area served | Worldwide, with main operations in the United States and Australia |
Key people |
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| Products | Movie production, TV production, broadcasting, cable television, record label, publishing, Internet |
| Revenue | US$ 14.514 billion (2018) |
| US$ 2.768 billion (2018) | |
Net income | 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 CBS Cable Networks CBS Publishing CBS Local Media CBS Experiences |
| Subsidiaries | CBS 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 |
| Website | www.cbscorporation.com (archived Dec 4, 2019) |
| Footnotes / references | |
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.
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). The merger was completed on December 4.