CBS Corporation

American mass media company (2005–2019)

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.

CBS Corporation
TypePublic
Class A NYSECBS.A
Class B NYSECBS
S&P 500 Component (CBS)
IndustryMass media
Predecessor
FoundedMay 3, 1971 (as Viacom International (Viacom Productions)) January 3, 2006 (2006-01-03)[N 1] (as CBS Corporation)
DefunctDecember 4, 2019
SuccessorViacomCBS
Headquarters
CBS Building, Manhattan, New York City
,
United States
Area served
United States
Key people
Sumner Redstone
(Executive Chairman)
Joseph Ianniello
(President and CEO)
ProductsTelevision, radio, publishing, broadcasting, movies and online services
Revenue
  • Increase US$ 15.284 billion (2013) [1]
  • Increase US$ 14.089 billion (2012) [1]
  • Increase US$ 3.259 billion (2013) [1]
  • Increase US$ 2.983 billion (2012) [1]
  • Increase US$ 1.879 billion (2013) [1]
  • Increase US$ 1.574 billion (2012) [1]
Total assets
  • Decrease US$ 26.387 billion (2013) [2]
  • Increase US$ 26.466 billion (2012) [1]
Total equity
  • Decrease US$ 9.966 billion (2013) [2]
  • Increase US$ 10.213 billion (2012) [1]
Number of employees
20,915 (2011)[3]
Parent National Amusements, Inc. (79%)
Divisions
Subsidiaries
Websitewww.cbscorporation.com

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 change

  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.

References change

  1. 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. 2.0 2.1 "CBS CORP 2014 Q1 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. May 8, 2014.
  3. "2010 Form 10-K, CBS Corporation". United States Securities and Exchange Commission.
  4. Shivdas, Sanjana (December 4, 2019). "CBS, Viacom complete merger in a win for Shari Redstone". Reuters. Retrieved February 11, 2020.