CBS Corporation

CBS Corporation is a major American mass media company that was formed in 2006 as a result of the Viacom split, with Sumner Redstone as its founder. The company has a diverse portfolio of assets, including CBS, CBS News, CBS Sports, Showtime Networks, CBS Television Studios, and CBS Interactive. Les Moonves served as the company's president and chief executive officer from 2006 to 2018, when he was succeeded by Joseph Ianniello. The company's headquarters are located in New York City, and it is listed on the New York Stock Exchange under the ticker symbols CBS.A and CBS, with significant shareholders including National Amusements, Inc., The Vanguard Group, and BlackRock.

● History

The history of CBS Corporation dates back to 2006, when Viacom was split into two separate companies: CBS Corporation and the new Viacom. This split was led by Sumner Redstone, who served as the chairman of the board of both companies. The new CBS Corporation included CBS, CBS Radio, CBS Outdoor, Simon & Schuster, and Paramount Parks. In 2007, the company acquired CNET Networks, which included CNET, ZDNet, and GameSpot. The company also acquired Last.fm in 2007 and TV Guide in 2008. In 2011, the company acquired Clicker.com and Chow.com. The company's history is also closely tied to that of Westinghouse Electric Corporation, which acquired CBS in 1995, and Viacom, which acquired CBS in 2000. Other notable companies that have been involved in the history of CBS Corporation include Paramount Pictures, MTV Networks, and BET Networks.

● Corporate Structure

The corporate structure of CBS Corporation includes a number of different divisions and subsidiaries, with Joseph Ianniello serving as the company's president and chief executive officer. The company's board of directors includes Shari Redstone, Bob Bakish, and Richard Parsons. The company is also advised by a number of different committees, including the Audit Committee, the Compensation Committee, and the Nominating and Governance Committee. The company's corporate structure is also influenced by its relationships with other companies, including National Amusements, Inc., Viacom, and Paramount Pictures. Other notable companies that have been involved in the corporate structure of CBS Corporation include Time Warner, News Corp, and The Walt Disney Company.

● Assets and Divisions

CBS Corporation has a diverse portfolio of assets and divisions, including CBS, CBS News, CBS Sports, Showtime Networks, CBS Television Studios, and CBS Interactive. The company also owns a number of different television stations, including WCBS-TV in New York City, KCBS-TV in Los Angeles, and WBBM-TV in Chicago. The company's assets also include a number of different radio stations, including WCBS in New York City and KNX in Los Angeles. The company's divisions include CBS Studios International, CBS Television Distribution, and CBS Home Entertainment. Other notable assets and divisions of the company include Simon & Schuster, Paramount Parks, and CBS Outdoor. The company has also partnered with a number of different companies, including Netflix, Amazon, and Hulu.

● Financial Performance

The financial performance of CBS Corporation has been strong in recent years, with the company reporting revenues of over $14 billion in 2020. The company's net income was over $1.3 billion in 2020, with earnings per share of over $2.00. The company's financial performance is influenced by a number of different factors, including the performance of its television and radio stations, the success of its programming, and the state of the advertising market. The company has also been impacted by the rise of streaming media and the decline of traditional television viewing. Other notable companies that have been involved in the financial performance of CBS Corporation include Comcast, AT&T, and Verizon Communications.

● Controversies and Criticisms

CBS Corporation has been involved in a number of different controversies and criticisms over the years, including allegations of sexual harassment and discrimination. The company has also faced criticism for its handling of Les Moonves' departure as president and chief executive officer in 2018. The company has also been criticized for its role in the 2016 United States presidential election, with some accusing the company of bias in its coverage of the election. The company has also faced criticism for its decision to merge with Viacom in 2019, with some arguing that the merger will lead to job losses and reductions in programming. Other notable companies that have been involved in controversies and criticisms similar to those of CBS Corporation include Fox Corporation, NBCUniversal, and The Walt Disney Company.

● Merger and Rebranding

In 2019, CBS Corporation announced that it would be merging with Viacom to form a new company called ViacomCBS. The merger was completed in December 2019, with Bob Bakish serving as the president and chief executive officer of the new company. The company's rebranding efforts have included the launch of a new logo and branding campaign, as well as the introduction of new programming and services. The company has also announced plans to expand its streaming media offerings, including the launch of a new streaming service called Paramount+. Other notable companies that have been involved in mergers and rebranding efforts similar to those of CBS Corporation include AT&T, Time Warner, and Comcast. The company's merger and rebranding efforts have also been influenced by its relationships with other companies, including Netflix, Amazon, and Hulu. Category:Media companies of the United States