CBS Corporation

CBS Corporation
Former type	Public
Traded as	Class A NYSE: CBS.A; Class B NYSE: CBS; S&P 500 Component (CBS)
Industry	Mass media
Predecessor	Viacom, Inc.; Westinghouse Electric Corporation;
Successor	ViacomCBS
Founded	May 3, 1971 (as Viacom International (Viacom Productions)) January 3, 2006 (as CBS Corporation)
Defunct	December 4, 2019
Headquarters	CBS Building, Manhattan, New York City, United States
Area served	United States
Key people	Sumner Redstone; (Executive Chairman); Joseph Ianniello; (President and CEO)
Products	Television, radio, publishing, broadcasting, movies and online services
Revenue	US$ 15.284 billion (2013) ; US$ 14.089 billion (2012) ;
Operating income	US$ 3.259 billion (2013) ; US$ 2.983 billion (2012) ;
Net income	US$ 1.879 billion (2013) ; US$ 1.574 billion (2012) ;
Total assets	US$ 26.387 billion (2013) ; US$ 26.466 billion (2012) ;
Total equity	US$ 9.966 billion (2013) ; US$ 10.213 billion (2012) ;
Number of employees	20,915 (2011)
Parent	National Amusements, Inc. (79%)
Divisions	CBS Broadcasting; CBS Interactive; CBS Radio; CBS Records; CBS Sports Network; CBS Television Distribution; CBS Television Studios';
Subsidiaries	Westinghouse Licensing Corporation; Showtime Networks; Simon & Schuster; TVGuide.com; The CW (50%); TVGN (50%); Full list of assets here;
Website	www.cbscorporation.com

CBS Corporation 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.^[4]

Notes

↑ The Viacom-CBS split was structured in such a way that the existing company (Viacom) changed its name to CBS Corporation, while the new Viacom is actually a newly founded spin-off company. For this reason, the newly rechristened CBS Corporation is 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

↑ ^1.0 ^1.1 ^1.2 ^1.3 ^1.4 ^1.5 ^1.6 ^1.7 "CBS CORP 2013 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. February 14, 2014.
↑ ^2.0 ^2.1 "CBS CORP 2014 Q1 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. May 8, 2014.
↑ "2010 Form 10-K, CBS Corporation". United States Securities and Exchange Commission.
↑ Shivdas, Sanjana (December 4, 2019). "CBS, Viacom complete merger in a win for Shari Redstone". Reuters. Retrieved February 11, 2020.

[1] The Viacom-CBS split was structured in such a way that the existing company (Viacom) changed its name to CBS Corporation, while the new Viacom is actually a newly founded spin-off company. For this reason, the newly rechristened CBS Corporation is 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.

[xbrlus_1-2] 1.0 ^1.1 ^1.2 ^1.3 ^1.4 ^1.5 ^1.6 ^1.7 "CBS CORP 2013 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. February 14, 2014.

[xbrlus_2-3] 2.0 ^2.1 "CBS CORP 2014 Q1 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. May 8, 2014.

[10K-4] "2010 Form 10-K, CBS Corporation". United States Securities and Exchange Commission.

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

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