CBS Corporation
Encyclopedia
CBS Corporation is an American
media conglomerate
focused on commercial broadcasting
, publishing
, billboard
s and television
production
, with most of its operations in the United States
. The President
and CEO
of the company is Leslie Moonves
. Sumner Redstone
, owner of National Amusements
, is CBS's majority shareholder and serves as Executive Chairman. The company began trading on the NYSE
on January 3, 2006. Until then, the corporation was known as Viacom, and is the legal successor to said company. A new company, keeping the Viacom
name was spun off from CBS. CBS, not Viacom, retains control of the partial
and total
over-the-air television and radio
broadcasting, TV production and distribution
, publishing
, pay-cable
, recording
, and outdoor advertising
assets formerly owned by the larger company. CBS has its headquarters in Midtown
, Manhattan
, New York City
, New York
, United States.
was created in 1970 as the television syndication
division of CBS
, and was spun off in 1971. However, in 1999, Viacom acquired its former parent, by this time also named CBS Corporation, formerly Westinghouse Electric. The prior CBS Corporation also owned CMT
and The Nashville Network (now Spike), which remained Viacom properties after the 2005 split, but the prior CBS did not own UPN
, Showtime, Paramount Television, Paramount Parks, or Simon and Schuster.
In March 2005, Viacom announced plans of looking into splitting the company into two publicly traded companies, amid issues of the stock price stagnating (although it was alleged that another main force behind the split was the Super Bowl XXXVIII halftime show controversy
, which led to MTV not being allowed to produce any more halftime shows, they had also produced the show for Super Bowl XXXV
, the first Super Bowl CBS aired since regaining NFL rights and becoming MTV's corporate sibling).
On June 14, 2005, the Viacom board of directors approved the split of the company into two firms. The CBS Corporation name would be revived for one of the companies, to be headed by longtime television executive (and Viacom co-President) Leslie Moonves
, and would include CBS, UPN, Infinity Broadcasting, Viacom Outdoor, Showtime Networks, and Paramount's television studio.
The split was structured such that the "new" Viacom
was spun off from the "old" Viacom, which was renamed CBS Corporation. In a sense, this was a repeat of the 1971 spinoff. However, in this case, CBS retained virtually all of the prior firm's broadcast TV assets, including its various syndication companies.
With the split, the two new companies began trading on the NYSE on January 3, 2006.
. Viacom also acquired two stations in West Palm Beach.
UPN affiliates, in Indianapolis
, Columbus
, New Orleans, and Oklahoma City
, with possibilities of additional sales.
CBS announced on November 3, 2005, that it would acquire College Sports TV (now CBS College Sports Network) for US$
325 million. CEO of CSTV Brian Bedol
will continue to run that network and report to Leslie Moonves, chairman of CBS. The transaction was completed in January 2006.
signed a multi-year deal to provide three hours of programming that meet FCC
standards for educational programming. The block would be called "KOL Secret Slumber Party on CBS
" -- which is also a partnership with America Online's
KOL kids service and premiered on September 16, 2006.
Shows included are Sabrina, the Animated Series, Horseland
, Madeline
, Dance Revolution
and many others. It was originally supposed to be called "CBS's Saturday Morning Secret Slumber Party" but was renamed with KOL's alliance.
On January 24, 2006, CBS Corporation, and Warner Bros.
announced that they were to create a new broadcast network, The CW Television Network
. The network officially debuted on September 18, 2006. The network formally debuted on September 20 with the 2 hour premiere of America's Next Top Model
.
The network is the result of a merger of The WB (a Warner Brothers holding) and UPN
(a CBS Corporation holding). CBS Corporation and Time Warner will each own 50% of the network. Tribune Broadcasting
(which previously owned a 25% stake on The WB) and CBS Corporation will contribute its stations as new network affiliates.
Three days after the announcement of The CW, on January 27, CBS announced that it was selling its Paramount Parks
division. On May 23, 2006, CBS Corp. sold Paramount Parks to the Cedar Fair Entertainment Company. With this acquisition, Cedar Fair becomes the third-largest theme park operator.
On June 30, 2006, Cedar Fair announced that it has completed its acquisition of Paramount Parks from CBS Corporation in a cash transaction valued at US$1.24 billion. The transaction included a 10 year license that allowed Cedar Fair to use the Paramount name in the parks through the 2017 season.
The board of directors
of CBS Corp. include:
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
media conglomerate
Media conglomerate
A media conglomerate, media group or media institution is a company that owns large numbers of companies in various mass media such as television, radio, publishing, movies, and the Internet...
focused on commercial broadcasting
Commercial broadcasting
Commercial broadcasting is the broadcasting of television programs and radio programming by privately owned corporate media, as opposed to state sponsorship...
, publishing
Publishing
Publishing is the process of production and dissemination of literature or information—the activity of making information available to the general public...
, billboard
Billboard
Billboard is a weekly American magazine devoted to the music industry, and is one of the oldest trade magazines in the world. It maintains several internationally recognized music charts that track the most popular songs and albums in various categories on a weekly basis...
s and television
Television
Television is a telecommunication medium for transmitting and receiving moving images that can be monochrome or colored, with accompanying sound...
production
Production company
A production company provides the physical basis for works in the realms of the performing arts, new media art, film, television, radio, and video.- Tasks and functions :...
, with most of its operations in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. The President
President
A president is a leader of an organization, company, trade union, university, or country.Etymologically, a president is one who presides, who sits in leadership...
and CEO
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of the company is Leslie Moonves
Leslie Moonves
Leslie Moonves is President and Chief Executive Officer of CBS Corporation.Moonves served as co-president and co-chief operating officer of Viacom, Inc., the predecessor to CBS Corporation, from 2004 until the company split on December 31, 2005...
. Sumner Redstone
Sumner Redstone
Sumner Murray Redstone is an American media magnate. He is the majority owner and Chairman of the Board of the National Amusements theater chain...
, owner of National Amusements
National Amusements
National Amusements, Inc. is a privately owned theatre company based in Dedham, Massachusetts, USA. The company was founded in 1936 as the Northeast Theatre Corporation by Michael Redstone....
, is CBS's majority shareholder and serves as Executive Chairman. The company began trading on the NYSE
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
on January 3, 2006. Until then, the corporation was known as Viacom, and is the legal successor to said company. A new company, keeping the Viacom
Viacom
Viacom Inc. , short for "Video & Audio Communications", is an American media conglomerate with interests primarily in, but not limited to, cinema and cable television...
name was spun off from CBS. CBS, not Viacom, retains control of the partial
The CW Television Network
The CW Television Network is a television network in the United States launched at the beginning of the 2006–2007 television season. It is a joint venture between CBS Corporation, the former owners of United Paramount Network , and Time Warner's Warner Bros., former majority owner of The WB...
and total
CBS
CBS Broadcasting Inc. is a major US commercial broadcasting television network, which started as a radio network. The name is derived from the initials of the network's former name, Columbia Broadcasting System. The network is sometimes referred to as the "Eye Network" in reference to the shape of...
over-the-air television and radio
CBS Radio
CBS Radio, Inc., formerly known as Infinity Broadcasting Corporation, is one of the largest owners and operators of radio stations in the United States, third behind main rival Clear Channel Communications and Cumulus Media. CBS Radio owns around 130 radio stations across the country...
broadcasting, TV production and distribution
CBS Television Distribution
CBS Television Distribution is a global television distribution company, formed from the merger of CBS Corporation's two domestic television distribution arms CBS Paramount Domestic Television and King World Productions, including its home entertainment arm CBS Home Entertainment...
, publishing
Simon & Schuster
Simon & Schuster, Inc., a division of CBS Corporation, is a publisher founded in New York City in 1924 by Richard L. Simon and M. Lincoln Schuster. It is one of the four largest English-language publishers, alongside Random House, Penguin and HarperCollins...
, pay-cable
Showtime Networks
Showtime Networks, Inc. is the corporate division of media conglomerate CBS Corporation.The company was established in 1983 as Showtime/The Movie Channel, Inc. after Viacom and Warner-Amex Satellite Entertainment merged their premium channels, Showtime and The Movie Channel respectively, into one...
, recording
CBS Records
CBS Records is a record label founded by CBS Corporation in 2006 to take advantage of music from its entertainment properties owned by CBS Television Studios. The initial label roster consisted of only three artists; rock band Señor Happy and singer/songwriters Will Dailey and P.J...
, and outdoor advertising
CBS Outdoor
CBS Outdoor is the outdoor advertising division of media conglomerate CBS Corporation. It is the third largest outdoor media owner in revenue terms...
assets formerly owned by the larger company. CBS has its headquarters in Midtown
Midtown Manhattan
Midtown Manhattan, or simply Midtown, is an area of Manhattan, New York City home to world-famous commercial zones such as Rockefeller Center, Broadway, and Times Square...
, Manhattan
Manhattan
Manhattan is the oldest and the most densely populated of the five boroughs of New York City. Located primarily on the island of Manhattan at the mouth of the Hudson River, the boundaries of the borough are identical to those of New York County, an original county of the state of New York...
, New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
, United States.
Early years
ViacomViacom (1971–2005)
Viacom , stylized as VIACOM in its current logo, was an American media conglomerate. It was the owner of CBS, Nickelodeon & MTV, among others. Effective December 31, 2005, this corporate entity changed its name to CBS Corporation...
was created in 1970 as the television syndication
Television syndication
In broadcasting, syndication is the sale of the right to broadcast radio shows and television shows by multiple radio stations and television stations, without going through a broadcast network, though the process of syndication may conjure up structures like those of a network itself, by its very...
division of CBS
CBS
CBS Broadcasting Inc. is a major US commercial broadcasting television network, which started as a radio network. The name is derived from the initials of the network's former name, Columbia Broadcasting System. The network is sometimes referred to as the "Eye Network" in reference to the shape of...
, and was spun off in 1971. However, in 1999, Viacom acquired its former parent, by this time also named CBS Corporation, formerly Westinghouse Electric. The prior CBS Corporation also owned CMT
Country Music Television
Country Music Television, or CMT, is an American country music-oriented cable television network. Programming includes music videos, taped concerts, movies, biographies of country music stars, game shows, and reality programs...
and The Nashville Network (now Spike), which remained Viacom properties after the 2005 split, but the prior CBS did not own UPN
UPN
United Paramount Network was a television network that was broadcast in over 200 markets in the United States from 1995 to 2006. UPN was originally owned by Viacom/Paramount and Chris-Craft Industries, the former of which, through the Paramount Television Group, produced most of the network's...
, Showtime, Paramount Television, Paramount Parks, or Simon and Schuster.
In March 2005, Viacom announced plans of looking into splitting the company into two publicly traded companies, amid issues of the stock price stagnating (although it was alleged that another main force behind the split was the Super Bowl XXXVIII halftime show controversy
Super Bowl XXXVIII halftime show controversy
Super Bowl XXXVIII, which was broadcast live on February 1, 2004 from Houston, Texas on the CBS television network in the United States, was noted for a controversial halftime show in which Janet Jackson's breast, adorned with a nipple shield, was exposed by Justin Timberlake for about half a...
, which led to MTV not being allowed to produce any more halftime shows, they had also produced the show for Super Bowl XXXV
Super Bowl XXXV
Super Bowl XXXV was played on January 28, 2001 at Raymond James Stadium in Tampa, Florida to decide the National Football League champion following the 2000 regular season. The American Football Conference champion Baltimore Ravens defeated the National Football Conference champion New York...
, the first Super Bowl CBS aired since regaining NFL rights and becoming MTV's corporate sibling).
On June 14, 2005, the Viacom board of directors approved the split of the company into two firms. The CBS Corporation name would be revived for one of the companies, to be headed by longtime television executive (and Viacom co-President) Leslie Moonves
Leslie Moonves
Leslie Moonves is President and Chief Executive Officer of CBS Corporation.Moonves served as co-president and co-chief operating officer of Viacom, Inc., the predecessor to CBS Corporation, from 2004 until the company split on December 31, 2005...
, and would include CBS, UPN, Infinity Broadcasting, Viacom Outdoor, Showtime Networks, and Paramount's television studio.
The split was structured such that the "new" Viacom
Viacom
Viacom Inc. , short for "Video & Audio Communications", is an American media conglomerate with interests primarily in, but not limited to, cinema and cable television...
was spun off from the "old" Viacom, which was renamed CBS Corporation. In a sense, this was a repeat of the 1971 spinoff. However, in this case, CBS retained virtually all of the prior firm's broadcast TV assets, including its various syndication companies.
With the split, the two new companies began trading on the NYSE on January 3, 2006.
2004
In the interim, Viacom/CBS was involved in a number of transactions. On December 2, 2004 Viacom acquired CBS affiliate KOVR-TV in Sacramento, from Sinclair Broadcast GroupSinclair Broadcast Group
The Sinclair Broadcast Group is an American telecommunications company that operates the largest number of local television stations in the United States. Headquartered in Hunt Valley, Maryland, it owns a total of 57 stations across the country in 35 primarily small and medium markets, many of...
. Viacom also acquired two stations in West Palm Beach.
2005
Viacom/CBS has announced it would sell several non-duopolyDuopoly (broadcasting)
In United States broadcast television and radio, duopoly is a term used to describe a single company which owns two or more stations in the same city or community....
UPN affiliates, in Indianapolis
Indianapolis
Indianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...
, Columbus
Columbus, Ohio
Columbus is the capital of and the largest city in the U.S. state of Ohio. The broader metropolitan area encompasses several counties and is the third largest in Ohio behind those of Cleveland and Cincinnati. Columbus is the third largest city in the American Midwest, and the fifteenth largest city...
, New Orleans, and Oklahoma City
Oklahoma city
Oklahoma City is the capital and largest city of the U.S. state of Oklahoma.Oklahoma City may also refer to:*Oklahoma City metropolitan area*Downtown Oklahoma City*Uptown Oklahoma City*Oklahoma City bombing*Oklahoma City National Memorial...
, with possibilities of additional sales.
CBS announced on November 3, 2005, that it would acquire College Sports TV (now CBS College Sports Network) for US$
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
325 million. CEO of CSTV Brian Bedol
Brian Bedol
Brian Bedol is an American television executive, entrepreneur, and founder of the sports television channels Classic Sports Network and College Sports Television. Bedol owned CSN from 1995 to 1997 and CSTV from 2003 to 2006....
will continue to run that network and report to Leslie Moonves, chairman of CBS. The transaction was completed in January 2006.
2006
Announced early in 2006, CBS and DIC EntertainmentDiC Entertainment
DIC Entertainment was an international film and television production company. In addition to animated television shows such as Ulysses 31 , Inspector Gadget , The Littles , The Real Ghostbusters , Captain Planet and the Planeteers , and the first two seasons of the English adaptation of...
signed a multi-year deal to provide three hours of programming that meet FCC
Federal Communications Commission
The Federal Communications Commission is an independent agency of the United States government, created, Congressional statute , and with the majority of its commissioners appointed by the current President. The FCC works towards six goals in the areas of broadband, competition, the spectrum, the...
standards for educational programming. The block would be called "KOL Secret Slumber Party on CBS
KOL Secret Slumber Party on CBS
Cookie Jar TV is a three-hour children's programming block on CBS. It launched on September 16, 2006 as KOL Secret Slumber Party, re-branded as KEWLopolis on September 15, 2007 and again as Cookie Jar TV on September 19, 2009. The block replaced Nick Jr...
" -- which is also a partnership with America Online's
AOL
AOL Inc. is an American global Internet services and media company. AOL is headquartered at 770 Broadway in New York. Founded in 1983 as Control Video Corporation, it has franchised its services to companies in several nations around the world or set up international versions of its services...
KOL kids service and premiered on September 16, 2006.
Shows included are Sabrina, the Animated Series, Horseland
Horseland
Horseland is an online community that simulates the breeding and raising of horses and dogs. Begun in 1994 in the United States, Horseland has now grown to have more than 7 million users who play from all over the world. Most of the players are girls from age 10 to 22, although a number of adults...
, Madeline
Madeline
Madeline is a children's book series written by Ludwig Bemelmans, an Austrian author. The books have been adapted into numerous formats, spawning telefilms, television series and a live action feature film...
, Dance Revolution
Dance Revolution
Dance Revolution is a television series from CBS and DiC Entertainment, in association with Konami Digital Entertainment, Inc, produced by Brookwell McNamara Entertainment , and based on the video game series Dance Dance Revolution.Originally known as Dance, Dance, Dance!, the series premiered on...
and many others. It was originally supposed to be called "CBS's Saturday Morning Secret Slumber Party" but was renamed with KOL's alliance.
The CW
Warner Bros.
Warner Bros. Entertainment, Inc., also known as Warner Bros. Pictures or simply Warner Bros. , is an American producer of film and television entertainment.One of the major film studios, it is a subsidiary of Time Warner, with its headquarters in Burbank,...
announced that they were to create a new broadcast network, The CW Television Network
The CW Television Network
The CW Television Network is a television network in the United States launched at the beginning of the 2006–2007 television season. It is a joint venture between CBS Corporation, the former owners of United Paramount Network , and Time Warner's Warner Bros., former majority owner of The WB...
. The network officially debuted on September 18, 2006. The network formally debuted on September 20 with the 2 hour premiere of America's Next Top Model
America's Next Top Model
America's Next Top Model is a reality television show in which a number of women compete for the title of America's Next Top Model and a chance to start their career in the modeling industry....
.
The network is the result of a merger of The WB (a Warner Brothers holding) and UPN
UPN
United Paramount Network was a television network that was broadcast in over 200 markets in the United States from 1995 to 2006. UPN was originally owned by Viacom/Paramount and Chris-Craft Industries, the former of which, through the Paramount Television Group, produced most of the network's...
(a CBS Corporation holding). CBS Corporation and Time Warner will each own 50% of the network. Tribune Broadcasting
Tribune Broadcasting
The Tribune Broadcasting Company is a group of radio and television stations located throughout the United States which are owned and operated by the Tribune Company, a media conglomerate based in Chicago, Illinois and named for the flagship Chicago Tribune newspaper.- History :Tribune Broadcasting...
(which previously owned a 25% stake on The WB) and CBS Corporation will contribute its stations as new network affiliates.
Paramount Parks
Three days after the announcement of The CW, on January 27, CBS announced that it was selling its Paramount Parks
Paramount Parks
Paramount Parks was an operator of theme parks and attractions, which annually attracted about 13 million patrons. Viacom had assumed control of the company as part of its acquisition of Paramount Pictures in 1994....
division. On May 23, 2006, CBS Corp. sold Paramount Parks to the Cedar Fair Entertainment Company. With this acquisition, Cedar Fair becomes the third-largest theme park operator.
On June 30, 2006, Cedar Fair announced that it has completed its acquisition of Paramount Parks from CBS Corporation in a cash transaction valued at US$1.24 billion. The transaction included a 10 year license that allowed Cedar Fair to use the Paramount name in the parks through the 2017 season.
2007
- February 7: CBS announced it was selling seven stations in Providence, Rhode IslandProvidence, Rhode IslandProvidence is the capital and most populous city of Rhode Island and was one of the first cities established in the United States. Located in Providence County, it is the third largest city in the New England region...
, Austin, TexasAustin, TexasAustin is the capital city of the U.S. state of :Texas and the seat of Travis County. Located in Central Texas on the eastern edge of the American Southwest, it is the fourth-largest city in Texas and the 14th most populous city in the United States. It was the third-fastest-growing large city in...
, Salt Lake City and West Palm Beach, FloridaWest Palm Beach, FloridaWest Palm Beach, is a city located on the Atlantic coast in southeastern Florida and is the most populous city in and county seat of Palm Beach County, the third most populous county in Florida with a 2010 population of 1,320,134. The city is also the oldest incorporated municipality in South Florida...
to Cerberus Capital ManagementCerberus Capital ManagementCerberus Capital Management, L.P. is one of the largest private equity investment firms in the United States. The firm is based in New York City, and run by -year-old financier Steve Feinberg. Former U.S...
for US$185 million. It sold another station, WFRV-TVWFRV-TVWFRV-TV is a CBS-affiliated television station licensed to Green Bay, Wisconsin, and serving Green Bay, the Fox Valley, and Northeastern Wisconsin. The station broadcasts a high definition digital signal on UHF channel 39 from a transmitter north of the Brown County town of Morrison...
in Green Bay, WisconsinGreen Bay, WisconsinGreen Bay is a city in and the county seat of Brown County in the U.S. state of Wisconsin, located at the head of Green Bay, a sub-basin of Lake Michigan, at the mouth of the Fox River. It has an elevation of above sea level and is located north of Milwaukee. As of the 2010 United States Census,...
, and its satellite station, WJMN-TV in Escanaba, MichiganMichiganMichigan is a U.S. state located in the Great Lakes Region of the United States of America. The name Michigan is the French form of the Ojibwa word mishigamaa, meaning "large water" or "large lake"....
, to Liberty MediaLiberty MediaLiberty Media Corporation is an American media conglomerate and the control is exercised by company Chairman John C. Malone, who owns a majority of the voting shares....
on February 13, 2007. News reports estimate the deal at about US$234 million. CBS is swapping the stations and US$170 million in cash for 7.59 million shares of CBS common stock held by Liberty Media. - February 26: CBS announced that it will invest in Electric Sheep, which is a virtual world content developer. CBS hired Electric Sheep to develop some projects, including the creation of "The L-Word in Second Life". CBS also shot a commercial within the virtual world Second LifeSecond LifeSecond Life is an online virtual world developed by Linden Lab. It was launched on June 23, 2003. A number of free client programs, or Viewers, enable Second Life users, called Residents, to interact with each other through avatars...
so to promote its show "Two and a Half MenTwo and a Half MenTwo and a Half Men is an American television sitcom that premiered on CBS on September 22, 2003. Starring Charlie Sheen, Jon Cryer, and Angus T. Jones, the show was originally about a hedonistic jingle writer, Charlie Harper; his uptight brother, Alan; and Alan's growing son, Jake...
." Another project that Electric Sheep is working on for CBS is a Star TrekStar TrekStar Trek is an American science fiction entertainment franchise created by Gene Roddenberry. The core of Star Trek is its six television series: The Original Series, The Animated Series, The Next Generation, Deep Space Nine, Voyager, and Enterprise...
-themed area in Second Life. By investing in Electric Sheep, CBS hopes to expand its activity "beyond the living room". - March 20: CBS/CSTV announced it had acquired an online high school sports network, MaxPreps.
- April 12: CBS Corporation announces the creation of the CBS Interactive Audience Network.
- May 30: CBS Interactive announced that it had bought Last.fm for £140 million.
2008
- May 15: CBS Interactive announced that it had agreed to buy CNET Networks for $1.8 billion, with the deal due to close in the third quarter of 2008. During the July 2nd noon broadcast, KYW-TVKYW-TVKYW-TV, virtual channel 3, is an owned and operated television station of the CBS Television Network, located in Philadelphia, Pennsylvania, USA. KYW-TV shares a studio facility with its sister station, CW flagship WPSG just north of Center City Philadelphia...
, a CBS owned-and-operated station in Philadelphia, announced that its parent acquired CNETCNETCNET is a tech media website that publishes news articles, blogs, and podcasts on technology and consumer electronics. Originally founded in 1994 by Halsey Minor and Shelby Bonnie, it was the flagship brand of CNET Networks and became a brand of CBS Interactive through CNET Networks' acquisition...
and was putting it under CBS Interactive.
Corporate governance
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
of CBS Corp. include:
- David R. AndelmanDavid R. AndelmanDavid R. Andelman is an attorney at Lourie & Cutler, P.C. in Boston, Massachusetts, United States. Currently Andelman is a Director of CBS Corporation, National Amusements and Lourie & Cutler, P.C. Andelman began as a director at Viacom in 2000, and became member of the CBS Corporation board...
- Joseph A. Califano, Jr.Joseph A. Califano, Jr.Joseph Anthony Califano, Jr. is Founder and Chairman of The National Center on Addiction and Substance Abuse at Columbia University, an independent non-profit research center affiliated with Columbia University in New York City...
- William S. Cohen
- Gary L. Countryman
- Charles K. GiffordCharles K. GiffordCharles K. Gifford is the former Chairman Emeritus of Bank of America, and serves on its Board of Directors. He joined the company as CEO of BankBoston. He is also a corporate director of CBS Corporation.-References:...
- Leonard GoldbergLeonard GoldbergLeonard J. Goldberg is an American film producer and television producer. He has his own production company, Mandy Films. He served as head of programming for ABC, and was president of 20th Century Fox...
- Bruce S. GordonBruce S. GordonBruce Scott Gordon is an African American business executive who spent most of his career with Verizon and currently serves as a corporate director of CBS, Northrop Grumman, and Tyco International. He was selected in June 2005 to head the NAACP, a major American civil rights organization...
- Linda M. Griego
- Arnold KopelsonArnold KopelsonArnold Kopelson is an American film producer.Among his credits are Platoon, Seven, Outbreak, The Fugitive and The Devil's Advocate.-Biography:...
- Leslie MoonvesLeslie MoonvesLeslie Moonves is President and Chief Executive Officer of CBS Corporation.Moonves served as co-president and co-chief operating officer of Viacom, Inc., the predecessor to CBS Corporation, from 2004 until the company split on December 31, 2005...
- Doug MorrisDoug MorrisDoug Morris is an American music executive. He is the current Chairman and CEO of Sony Music Entertainment. He previously served as Chairman and CEO of the Universal Music Group from 1995 to 2011.-Life and career:...
- Shari RedstoneShari RedstoneShari Ellin Redstone is an American businesswoman. She is the president of National Amusements, vice-chairman of CBS Corporation and Viacom, and on December 21, 2007 became chairman of Midway Games...
(non-executive Vice-Chair) - Sumner RedstoneSumner RedstoneSumner Murray Redstone is an American media magnate. He is the majority owner and Chairman of the Board of the National Amusements theater chain...
(Chairman) - Frederic V. Salerno
Accounting Ratios
| Fiscal Year | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|
| Fiscal Year End Date | 12/31/05 | 12/31/04 | 12/31/03 | 12/31/02 | 12/31/01 |
| Receivables Turnover | 5.3 | 5.3 | 6.1 | 6.6 | 6.5 |
| Receivables - Number of Days | 86.2 | 68.4 | 54.6 | 53.4 | 58.5 |
| Inventory Turnover | 8.8 | 10.3 | 11.7 | 11.0 | 10.0 |
| Inventory - Number of Days | 41.0 | 35.0 | 30.8 | 32.7 | 36.2 |
| Gross Property, Plant & Equipment Turnover | 2.8 | 2.9 | 2.5 | 2.5 | 2.5 |
| Net Property, Plant & Equipment Turnover | 4.5 | 4.8 | 4.4 | 4.0 | 3.7 |
| Depreciation, Depletion & Amortization | |||||
| % of Gross Property, Plant & Equipment | 9.8% | 10.4% | 9.4% | 9.6% | 32.9% |
| Depreciation, Depletion & Amortization | |||||
| Year to Year Change (Millions US Dollars) | -31.1 | -19.0 | 5.4 | -213.9 | 86.1 |
| Depreciation, Depletion & Amortization | |||||
| Year to Year % Change | -38.4% | -19.0% | 5.7% | -69.3% | 38.7% |
| Source: CorporateInformation CBS Corporation Company Snapshot | |||||
See also
- Viacom (1971–2005)Viacom (1971–2005)Viacom , stylized as VIACOM in its current logo, was an American media conglomerate. It was the owner of CBS, Nickelodeon & MTV, among others. Effective December 31, 2005, this corporate entity changed its name to CBS Corporation...
, the prior name of the post-2005 CBS Corporation. - CBS Corporation (1997)Westinghouse Electric (1886)Westinghouse Electric was an American manufacturing company. It was founded in 1886 as Westinghouse Electric Company and later renamed Westinghouse Electric Corporation by George Westinghouse. The company purchased CBS in 1995 and became CBS Corporation in 1997...
, an old instance of the company, purchased by the old Viacom in 1999, - ViacomViacomViacom Inc. , short for "Video & Audio Communications", is an American media conglomerate with interests primarily in, but not limited to, cinema and cable television...
, the current Viacom, broke off in 2005. - CBS Mandate, the logo/branding guidelines used on TV stations owned by CBS Corporation.
- Concentration of media ownershipConcentration of media ownershipConcentration of media ownership refers to a process whereby progressively fewer individuals or organizations control increasing shares of the mass media...
and Media conglomerateMedia conglomerateA media conglomerate, media group or media institution is a company that owns large numbers of companies in various mass media such as television, radio, publishing, movies, and the Internet... - MTV NetworksMTV NetworksMTV Networks is a division of media conglomerate Viacom that oversees the operations of many television channels and Internet brands, including the original MTV channel in the United States...
/BET NetworksBET NetworksBET Networks is a division of media conglomerate Viacom that oversees the operations of many television channels and Internet brands, including the original BET channel in the United States. BET Networks also operates BET Networks International.-BET Networks:...
, part of the new Viacom corporation.