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.[3]
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).Company type
December 31, 2005
December 4, 2019
Merged with the second incarnation of Viacom
ViacomCBS (now known as Paramount Global)
- CBS Building, New York City, U.S.
Worldwide, with main operations in the United States and Australia
- Strauss Zelnick
(interim chairman) - Joseph Ianniello
(president and acting CEO)
US$ 14.514 billion (2018)
US$ 2.768 billion (2018)
US$ 1.960 billion (2018)
US$ 21.86 billion (2018)
US$ 2.80 billion (2018)
National Amusements (80% voting power)
~12,700 (2017)
CBS Entertainment
CBS Cable Networks
CBS Publishing
CBS Local Media
CBS Experiences[1]
www.cbscorporation.com (archived Dec 4, 2019)
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]
1912
Famous Players Film Company is founded
Lasky Feature Play Company is founded
Paramount Pictures is founded as a film distributor
Famous Players and Lasky merge as Famous Players–Lasky and acquire Paramount
Westinghouse Broadcasting forms with the launch of KDKA-AM
CBS is founded; Famous Players–Lasky assumes Paramount's name
Paramount buys 49% of CBS
Paramount sells back shares of CBS
Desilu is founded and CBS distributes its television programs
CBS creates the CBS Television Film Sales division
CBS Television Film Sales renamed to CBS Films
Gulf+Western buys Paramount
Gulf+Western acquires Desilu and renames it Paramount Television; CBS Films becomes CBS Enterprises
CBS Enterprises renamed to Viacom
Viacom is spun off from CBS as a separate company
Viacom buys full ownership of Showtime and MTV Networks
National Amusements buys Viacom
Gulf+Western renamed to Paramount Communications
Viacom acquires Paramount Communications
Westinghouse buys CBS
Westinghouse renamed to CBS Corporation
Viacom buys CBS Corporation
Viacom buys BET Networks
Viacom splits into second CBS Corporation and Viacom
CBS Corporation and Viacom re-merge as ViacomCBS
ViacomCBS renamed to Paramount Global
The board of directors of CBS Corporation included:[54]