CBS Corporation

CBS Corporation is an American mass media corporation focused on commercial broadcasting, publishing, and television production, with most of its operations in the United States. The current President and Acting CEO is Joseph Ianniello.[4] Sumner Redstone, owner of National Amusements, controls CBS by way of his majority ownership of the company's Class A voting stock; he also serves as Chairman Emeritus.

It is currently the world's fifth largest entertainment company in terms of revenue after The Walt Disney Company, NBCUniversal, WarnerMedia (in which its owned by AT&T and its subsidiary Warner Bros. owns half of The CW, formerly The WB and UPN) and Fox Corporation. 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.[5] A new company, keeping the Viacom name, was spun off from CBS. CBS, not Viacom, retains control of over-the-air television (CBS, CW) broadcasting, TV production and distribution, publishing, pay-cable, basic cable, and recording formerly owned by the larger company. CBS has its headquarters in the CBS Building (colloquially called "Black Rock"), Midtown, Manhattan, New York City, United States.[6]

CBS Corporation
Public
Traded asNYSECBS.A (Class A)
NYSECBS (Class B non voting)
S&P 500 component (CBS)
IndustryMass media
PredecessorsViacom Inc.
Westinghouse Electric Corporation
FoundedJanuary 8, 1886
(Westinghouse Electric)
1997
(first era)
January 1, 2006
(relaunched as CBS Corporation)
HeadquartersCBS Building
Manhattan, New York, U.S.
Area served
Worldwide, with main operations in United States and Australia
Key people
Strauss Zelnick
(Interim Chairman)
Joseph Ianniello
(President and Acting CEO)
ProductsMovie production, TV production, Broadcasting, Cable television, Record label, Publishing, Internet
RevenueIncrease US$ 13.69 billion (2017)
Decrease US$ 2.42 billion (2017)
Decrease US$ 357 million (2017)
Total assetsDecrease US$ 20.84 billion (2017)
Total equityDecrease US$ 1.98 billion (2017)
OwnerNational Amusements (80% voting power)
Number of employees
~12,700 (2017)
DivisionsCBS Entertainment
CBS Cable Networks
CBS Publishing
CBS Local Broadcasting
CBS Experiences[1]
SubsidiariesCBS
CBS Interactive
CBS Records
CBS Sports Network
CBS Television Distribution
CBS Television Studios
CBS Films
Westinghouse Licensing
Showtime Networks
Simon & Schuster
Digital assets of TV Guide
The CW (50%)
Pop TV (50%)
Full list of assets here
Websitewww.cbscorporation.com
Footnotes / references
[N 1][2][3]

Background

Viacom was created in 1971 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 Paramount Network), 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.

History

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).

Viacom-old
Old separate Viacom logo (1990-2005).

On June 14, 2005, the Viacom Board of Directors approved the split of the company into two firms.[7] 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. Investors anticipated Viacom benefiting from the split, but instead, it dropped approximately 20 percent, while CBS rose 9 percent.[8]

Announced in January 2006, CBS and DIC Entertainment signed a multi-year deal in which DIC bought the Saturday morning airtime as "CBS's Saturday Morning Secret Slumber Party". In June 2006, DiC added a production partner AOL's KOL. Thus, this block would be called "KOL's Saturday Morning Secret Slumber Party on CBS".[9]

The CW
The CW logo

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 Bros. holding) and UPN (a CBS Corporation holding). CBS Corporation and Time Warner 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 Corporation sold Paramount Parks to the Cedar Fair Entertainment Company. With this acquisition, Cedar Fair became the third-largest theme park operator.[10] 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.[11]

On February 7, 2007, CBS announced it was selling seven stations in Providence, Rhode Island, Austin, Texas, Salt Lake City and West Palm Beach, Florida to Cerberus Capital Management for US$185 million.[12] It sold another station, WFRV-TV in Green Bay, Wisconsin, and its satellite station, WJMN-TV in Escanaba, Michigan, to Liberty Media on February 13, 2007.[13] 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 Life so to promote its show Two and a Half Men. Another project that Electric Sheep is working on for CBS is a Star Trek-themed area in Second Life. By investing in Electric Sheep, CBS hopes to expand its activity "beyond the living room".[14]
  • March 20: CBS/CSTV announced it had acquired an online high school sports network, MaxPreps.[15]
  • April 12: CBS Corporation announces the creation of the CBS Interactive Audience Network.[16]
  • May 30: CBS Interactive announced that it had bought Last.fm for £140 million.[17]

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.[18] During the July 2 noon broadcast, KYW-TV, a CBS owned-and-operated station in Philadelphia, announced that its parent acquired CNET and was putting it under CBS Interactive.[19]

2013

  • February 14 CBS acquires a minority stake in AXS TV in exchange for programming and marketing.[20]
  • March 26 CBS and Lionsgate enter a 50/50 joint venture to operate the TV Guide Network (TVGN) and TVGuide.com.[21][22]
  • May 31 CBS buys the remaining half of TV Guide Digital from Lionsgate. The latter still retains its share of TVGN.[23]
  • July 16 CBS agreed to sell CBS Outdoor International to Platinum Equity for about $225M.[24]

2014

  • March 28 CBS Outdoor division begins trading as a separate company on the NYSE under "CBSO". CBS Outdoor would be fully divested from CBS by July into an independent real estate investment trust, renamed as Outfront Media.

2017

  • February 2 CBS Corporation announces the sale of CBS Radio to Entercom, making that company the second-largest owner of radio stations in the United States.[25]
  • August 28 CBS Corporation announces the purchase of Australian broadcaster Network Ten. The network was previously in voluntary administration.[26]
  • November 9 The sale of CBS Radio to Entercom is approved.[27]
  • November 17 CBS Corporation completes the sale of CBS Radio to Entercom, finally making that company the second-largest owner of radio stations in the United States.[28]

Attempted re-merger with Viacom

In September 29, 2016, National Amusements sent a letter to the company and Viacom, encouraging the two companies to merge back into one company.[29] On December 12, the deal was called off.[30]

On January 12, 2018, CNBC reported that Viacom had re-entered talks to merge back into CBS Corporation, after Disney's proposed acquisition of 21st Century Fox assets and the heavy competition from companies such as Netflix and Amazon.[31] Shortly afterward, it was reported that the combined company could be a suitor for acquiring the film studio Lionsgate (which currently handles U.S distribution and global sales for CBS Films[32]).[33]

On March 30, 2018, CBS made an all-stock offer slightly below Viacom's market value, and insisting that its existing leadership, including long-time chairman and CEO Leslie Moonves, oversee the re-combined company. Viacom rejected the offer as being too low, requesting an increase by $2.8 billion, and requesting that Bob Bakish be maintained as president and COO under Moonves. It was reported these conflicts had resulted from Shari Redstone seeking more control over CBS and its leadership.[34][35]

Eventually, on May 14, 2018, CBS Corporation sued its and Viacom's parent company National Amusements and accused Shari Redstone of abusing her voting power in it and forcing a merger that was not supported by it or Viacom.[36][37] CBS also accused Redstone of discouraging Verizon Communications from acquiring it, which could have been beneficial to its shareholders.[38]

On May 23, Leslie Moonves stated that he considered the Viacom channels to be an "albatross," and while he favored more content for CBS All Access, he believed that there were better deals for CBS than the Viacom deal, such as Metro-Goldwyn-Mayer, Lionsgate or Sony Pictures Entertainment. Moonves also considered Bakish a threat as he never wanted an ally of Shari Redstone as a board member of the combined company.[39]

On September 9, 2018, following Moonves' resignation due to sexual harassment allegations, National Amusements agreed to defer any proposal of a CBS-Viacom merger for at least two years after the date of the settlement. In addition, the office of chairman will remain vacant until a new permanent CEO is appointed.[40]

As of November 2018, CBS Corporation ranked 197th on the Fortune 500 list of the largest United States corporations by revenue.[41] CBS Corp. sold Television City to Los Angeles real estate investment company Hackman Capital Partners for $750 million in a deal finalized in mid-December 2018. The deal gives the buyer the right to use the Television City name. Programs produced at Television City will continue to be based there as will CBS's international unit headquarters.[42]

Corporate governance

The board of directors of CBS Corporation include:[43]

Philanthropy

In September 2018, CBS announced that it, together with former CEO Moonves, would be donating $20 million to #MeToo.[44][45]

See also

Notes

  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

  1. ^ https://www.prnewswire.com/news-releases/cbs-corporation-announces-launch-of-cbs-experiences-cbsx-a-new-live-and-experiential-events-division-300664895.html
  2. ^ Miglani, Jitender (October 19, 2016). "How CBS Makes Money? - Revenues & Profits". Retrieved December 30, 2016.
  3. ^ "US SEC: Form 10-K CBS Corporation". U.S. Securities and Exchange Commission. Retrieved February 25, 2018.
  4. ^ https://www.cbscorporation.com/cbs-corporation-and-national-amusements-announce-resolution-of-governance-disputes-and-transition-to-new-leadership/
  5. ^ "Certain Federal Income Tax Information Regarding the Separation of Viacom Inc" (PDF). CBS Corporation. January 12, 2006. Archived from the original (PDF) on June 25, 2008. Retrieved November 30, 2008.
  6. ^ "Contact Info Archived November 29, 2009, at the Wayback Machine." CBS Corporation. Retrieved on November 3, 2009.
  7. ^ Fabrikant, Geraldine (June 15, 2005). "viacom board agres to split of company". The New York Times. The New York Times Company. Retrieved July 28, 2014.
  8. ^ Fabrikant, Geraldine (July 22, 2006). "a surprise after the spli: viacom struggles as cbs holds its own". The New York Times. The New York Times Company. Retrieved July 28, 2014.
  9. ^ Consoli, John (June 21, 2006). "DIC, KOL to Produce On CBS". MediaWeek. Archived from the original on July 13, 2006. Retrieved November 30, 2008.
  10. ^ News, Bloomberg (May 23, 2006). "CBS to Sell Amusement Parks to Cedar Fair". The New York Times. The New York Times Company.
  11. ^ L.P., Cedar Fair,. "Cedar Fair, L.P. Completes Acquisition of the Paramount Parks". www.prnewswire.com.
  12. ^ "CBS Corporation To Sell Local TV Stations In Four Markets To Cerberus Capital Management, L.P". CBS Corporation. February 7, 2007. Archived from the original on January 11, 2009. Retrieved December 27, 2008.
  13. ^ "Liberty Media and CBS Corporation Agree to Exchange CBS Shares Held By Liberty". libertymedia.com. February 13, 2007. Retrieved December 2, 2016.
  14. ^ "CBS Invests in Virtual World Content Developer". Archived from the original on July 26, 2007.
  15. ^ "CBS Corporation acquires MaxPreps, the leading nationwide high school sports network online; business to be part of CSTV: College Sports Television". CBS Corporation. March 20, 2007. Retrieved January 2, 2012.
  16. ^ "CBS Corporation announces the creation of the CBS Interactive Audience Network". CBS Corporation. April 12, 2007. Retrieved January 2, 2012.
  17. ^ Music site Last.fm bought by CBS, BBC, May 30, 2007
  18. ^ CBS Corporation to acquire CNET Networks, inc. Archived May 18, 2008, at the Wayback Machine, CBS Press Release, May 15, 2008
  19. ^ "CNET's Content To Boost CBS Coverage". KYW-TV. New York: CBS Television Stations. July 2, 2008. Retrieved December 27, 2008.
  20. ^ Bond, Paul (February 14, 2013). "CBS Takes Stake in AXS TV". The Hollywood Reporter. Eldridge Industries. Retrieved December 3, 2016.
  21. ^ Andreeva, Nellie. "CBS Poised To Buy Half Of TV Guide, Partner With Lionsgate." Deadline Hollywood (March 22, 2013)
  22. ^ Andreeva, Nellie. "It’s Official: CBS Acquires Half Of TV Guide, Partners With Lionsgate." Deadline Hollywood (March 26, 2013)
  23. ^ Andreeva, Nellie. "It’s Official: CBS Takes Full Control Of TVGuide.Com, Acquiring Lionsgate’s 50%." Deadline Hollywood (May 31, 2013)
  24. ^ "CBS Sells Overseas Billboard Business". Deadline Hollywood. Penske Media Corporation. Retrieved July 16, 2013.
  25. ^ Lieberman, David (February 2, 2017). "CBS Agrees To Merge Radio Business With Entercom". Deadline Hollywood. Penske Media Corporation.
  26. ^ "Ten Network to be purchased by US giant CBS". ABC News. Australian Broadcasting Corporation. August 28, 2017. Retrieved August 28, 2017.
  27. ^ "FCC Approval Clears Final Regulatory Hurdle For Entercom/CBS Radio Merger - RadioInsight". RadioInsight. 2017-11-09. Retrieved 2017-11-09.
  28. ^ "Entercom Sets Friday Morning Close For CBS Radio Merger". Insideradio.com. Retrieved 2017-11-17.
  29. ^ "National Amusements Proposes Viacom, CBS Reunion, Cites "Substantial Synergies"". The Hollywood Reporter. Retrieved October 13, 2016.
  30. ^ "Shari Redstone withdraws CBS-Viacom merger proposal". Retrieved December 17, 2016.
  31. ^ Wang, Christine (January 12, 2018). "Viacom, CBS shares surge after report Shari Redstone pursuing merge of companies". CNBC. Retrieved January 12, 2018.
  32. ^ "Lionsgate Takes Over CBS Films' Distribution & Global Sales". Deadline Hollywood. Penske Business Media. November 13, 2014. Retrieved November 13, 2014.
  33. ^ "Lionsgate Ripe For Takeover As Amazon, Verizon and CBS-Viacom Emerge As Potential Suitors". Deadline Hollywood. Retrieved January 19, 2018.
  34. ^ "Moonves vs. Redstone: Inside the Poisonous War for Control of CBS and Viacom". The Hollywood Reporter. Retrieved April 11, 2018.
  35. ^ Littleton, Cynthia (April 11, 2018). "Could CBS-Viacom Strife Cause Leslie Moonves to Walk Away?". Variety. Retrieved April 11, 2018.
  36. ^ "CBS Sues Redstones' Firm in Escalation of Longstanding Fight". Bloomberg.com. May 14, 2018. Retrieved May 14, 2018.
  37. ^ Chmielewski, Dawn C. (May 14, 2018). "National Amusements Fires Back At CBS Suit, Says It's "Outraged" By Allegations". Deadline. Retrieved May 14, 2018.
  38. ^ Chmielewski, Dawn C. (May 14, 2018). "Verizon Expressed Interest In Acquiring CBS Before Viacom Talks Heated Up". Deadline. Retrieved May 26, 2018.
  39. ^ Bond, Paul (May 23, 2018). "Behind Leslie Moonves' Crusade to Save CBS From Viacom". The Hollywood Reporter. Retrieved May 26, 2018.
  40. ^ Parker, Ryan (2018-09-09). "Leslie Moonves Exits CBS After Being Accused of Sex Crimes, Violence by More Women". The Hollywood Reporter. Retrieved 2018-09-09.
  41. ^ "Fortune 500 Companies 2018: Who Made the List". Fortune. Retrieved 2018-11-23.
  42. ^ James, Meg; Vincent, Roger (December 10, 2018). "CBS sells Television City for $750 million to Los Angeles real estate developer". The Los Angeles Times. Retrieved 11 December 2018.
  43. ^ "About CBS Corporation". CBS Corporation. Retrieved July 30, 2018.
  44. ^ "Les Moonves resigns from CBS after sexual misconduct allegations". BBC. 10 September 2018. Retrieved 10 September 2018. CBS said the company and Mr Moonves would donate $20m (£15.4m) to groups supporting the #MeToo movement.
  45. ^ Tom McCarthy (10 September 2018). "Les Moonves resigns from CBS after six more women accuse him of sexual harassment". The Guardian. Retrieved 10 September 2018. Moonves and CBS will donate $20m to one or more organisations that support the #MeToo movement and equality for women in the workplace. This donation will be deducted from any severance benefits that may be due Moonves following the investigation.

External links

CBS All Access

CBS All Access (known as 10 All Access in Australia) is an over-the-top subscription streaming video on demand service owned and operated by CBS Interactive. It offers original content, content newly aired on CBS's broadcast properties, and content from CBS's library. In the United States, many markets offer a live stream of the local CBS affiliate's main channel.

The service is noted for streaming the Grammy Awards and Star Trek: Discovery. As of August 2018, it has over 2.5 million subscribers.

CBS Interactive

CBS Interactive Inc. (formerly CBS Digital Media Group) is an American media company and is a division of the CBS Corporation. It is an online content network for information and entertainment. Its websites cover news, sports, entertainment, technology, and business. It is headed by Jim Lanzone.CBS Interactive coordinates with CBS Network Sales to bring together ad sales operations, as well as the corporation's television, sports, and news groups, who will continue to be involved in program development.

CBS Paramount Domestic Television

CBS Paramount Domestic Television (CPDT) was an American television distribution company/production that was formed on January 17, 2006 and owned by CBS Corporation, which existed mainly as an interim transition company shortly after the split of the original Viacom into the current Viacom and CBS Corporation, where CBS took the majority of Viacom's broadcast television assets, including Paramount Television.

The company distributed television series from Desilu Productions, Paramount Television, Viacom Productions, Republic Pictures Television, Big Ticket Television, CBS Productions, Spelling Television, Rysher Entertainment (and its predecessor Bing Crosby Productions) DreamWorks Television (after Viacom acquired DreamWorks), Group W Productions, its own series, and the film libraries from Paramount Pictures, DreamWorks (distributed in association with Tribune Entertainment), Republic Pictures and CBS Films.

On September 4, 2006, CBS Corporation announced that King World and CBS Paramount Television's broadcast syndication operations would be combined to form CBS Television Distribution. Roger King was announced as the CEO of the new group. However, he died on December 8, 2007, after suffering a stroke the previous day. Paul Franklin currently serves as President of CTD.

CPDT kept its on-screen identity for its television programs until September 26, 2007 when CBS Television Distribution's logo debuted on Entertainment Tonight.

CBS Sports Network

CBS Sports Network is an American digital cable and satellite television network that is owned by the CBS Corporation. When it launched in 2002 as the National College Sports Network (later College Sports Television also known as CSTV), it operated as a multi-platform media brand which also included its primary website, collegesports.com, and a network of websites operated for the athletic departments of 215 colleges and universities.

After CSTV was acquired by CBS in 2008, the network was re-branded as the CBS College Sports Network. The network initially maintained its college sports focus, but in February 2011, the service was re-branded as CBS Sports Network to re-position it as a mainstream sports service. The network continues to have a particular focus on college sports, along with coverage of smaller leagues and events, simulcasts of sports radio shows both the CBS Sports Radio network and Entercom's WFAN (formerly owned outright by CBS), and studio and analysis programming.

CBS Studios International

CBS Studios International (formerly CBS Paramount International Television) is a multinational television production-distribution arm of CBS Television Studios and owned by CBS Corporation that was formed in 2004 by Viacom as CBS Paramount International Television, a result of a merger between two television companies, CBS Broadcast International and Paramount International Television. Since September 26, 2006, the company has been part of the CBS Television Distribution Group. In May 2009, CBS Paramount International Television was renamed to CBS Studios International.

The company distributes the CBS Studios library as well as the Rysher Entertainment library (owned domestically by 2929 Entertainment), the King World Productions library, and certain HBO shows internationally. It owns Network Ten, an Australian free-to-air television network.

CBS Television Distribution

CBS Television Distribution (CTD) is an American television distribution company, formed from the merger of CBS Corporation's domestic television distribution arms CBS Paramount Domestic Television and King World Productions, including its home entertainment arm CBS Home Entertainment. The division, the main distribution arm of CBS Television Studios (formerly CBS Paramount Network Television) and of the CBS and CW television networks, was formed on September 26, 2006 by CBS Corporation and was headed by Roger King, the CEO of King World until his death in 2007. The current president is Paul Franklin.

CBS Television Stations

CBS Television Stations is a division of CBS Corporation that owns and operates a group of American television stations. As of November 2017, CBS Corporation owns 28 stations, broken down as follows: fifteen are the core stations of the CBS Television Network; eight are aligned with The CW Television Network, which is co-owned by CBS with WarnerMedia; and five independent stations, two of which carry the MyNetworkTV programming service in primetime.

CBS Television Studios

CBS Studios, Inc., doing business as CBS Television Studios (CTS) is an American television production company that was formed on January 17, 2006 by CBS Corporation as CBS Paramount Television, merging Paramount Television and CBS Productions. It is the television production arm of the CBS network (CBS Productions previously assumed such functions), and, alongside Warner Bros. Television, it is also the television production arm of The CW (in which CBS has a 50% ownership stake).

Castlevania

Castlevania () is an action-adventure gothic horror video game series created and developed by Konami. It has been released on various platforms, from early systems to modern consoles, as well as handheld devices such as mobile phones. The franchise has also expanded into other media, including comic books, an animated TV series and several spin-off video games.Castlevania is largely set in the eponymous castle of Count Dracula, the main antagonist of the Belmont clan of vampire hunters. It debuted with 1986's Castlevania for the Family Computer Disk System. The first entry and the majority of its sequels are side-scrolling action platformers, and were later succeeded by the 1997 game, Castlevania: Symphony of the Night. Originally released for the PlayStation, it returned to the nonlinear gameplay seen in Castlevania II: Simon's Quest, which introduced RPG elements and exploration. Several installments later adopted Symphony of the Night's gameplay, and along with Super Metroid, it has popularized the Metroidvania genre. 2010 saw the release of Castlevania: Lords of Shadow, a 3D action-adventure reboot of the series developed by MercurySteam.It is one of Konami's most critically acclaimed franchises and also one of the best-selling of all time.

Gulf and Western Industries

Gulf and Western Industries, Inc., (stylized as Gulf+Western) was an American conglomerate. Gulf and Western's origins date to a manufacturer named the Michigan Bumper Company founded in 1934, although Charles Bluhdorn treated his 1958 takeover of what was then Michigan Plating and Stamping, as its "founding" for the purpose of later anniversaries. Through asset management, the company's non-publishing and entertainment assets were dismantled; with the company re-branding as Paramount Communications in 1989 after Paramount Pictures. The company's current remnants operate as Viacom and CBS Corporation.

National Amusements

National Amusements, Inc. is an American privately-owned theater company and mass media holding company based in Dedham, Massachusetts and incorporated in Maryland. It was the parent company of the first incarnation of Viacom, and is the parent company of CBS Corporation and second incarnation of Viacom that were split off in 2006.

As of December 2016, National Amusements, directly and through subsidiaries, holds approximately 79.8% of the Class A (voting) common stock of Viacom Inc., constituting 10% of the overall equity of the Company, and holds approximately 79.5% of the Class A (voting) common stock and 2.4% of the Class B (non‐voting) common stock of CBS Corporation, constituting 9.1% of the overall equity of the Company.

The company operates more than 1,500 movie screens across the Northeastern United States, the United Kingdom, Latin America, and Russia under its Showcase Cinemas, Multiplex Cinemas, Cinema de Lux, and KinoStar brands.

Paramount Stations Group

Paramount Stations Group (sometimes abbreviated as PSG) was a company that controlled a group of American broadcast television stations. The company existed from 1991 until 2001.

Pocket Books

Pocket Books is a division of Simon & Schuster that primarily publishes paperback books.

Showtime Networks

Showtime Networks Inc. (SNI) is an American entertainment company that oversees the company's premium cable television channels, including its flagship service Showtime. It is a subsidiary of media conglomerate CBS Corporation.

UPN

The United Paramount Network (UPN) was an American broadcast television network that launched on January 16, 1995. The network was originally owned by Chris-Craft Industries and United Television; Viacom (through its Paramount Television unit, which produced most of the network's series) turned the network into a joint venture in 1996 after acquiring a 50% stake in the network, and subsequently purchased Chris-Craft's remaining stake in 2000. In December 2005, UPN was spun off to CBS Corporation when Viacom split into two separate companies.

CBS Corporation and Time Warner jointly announced on January 24, 2006 that the companies would shut down UPN and competitor The WB to launch a new joint venture network later that year. UPN ceased broadcasting on September 15, 2006, with The WB following suit two days later. Select programs from both networks moved to the new network, The CW, when it launched on September 18, 2006.

Viacom (1952–2006)

The original incarnation of Viacom Inc. (originally an initialism of Video & Audio Communications) was an American media conglomerate. During the 1970s and 1980s, Viacom was a prominent distributor of syndicated CBS television series. They also distributed syndicated shows which originated during the 1980s, with the biggest examples being The Cosby Show and Roseanne (which were produced by Carsey-Werner Productions, who later began distributing their own programming). On December 31, 2005, Viacom split into two new companies, resulting in the creation of CBS Corporation and the current incarnation of Viacom.

WBXI-CD

WBXI-CD, UHF digital channel 47, is a Start TV-affiliated television station licensed to Indianapolis, Indiana, United States. The station is owned by the CBS Television Stations subsidiary of CBS Corporation. WBXI-CD's transmitter is located atop the Salesforce Tower (near Monument Circle) in downtown Indianapolis.

Westinghouse Electric Corporation

The Westinghouse Electric Corporation was an American manufacturing company. It was founded on January 8, 1886, as Westinghouse Electric Company and later renamed Westinghouse Electric Corporation by its founder George Westinghouse (1846–1914). George Westinghouse had previously founded the Westinghouse Air Brake Company. The corporation purchased the CBS broadcasting company in 1995 and became the original CBS Corporation in 1997.

Westinghouse Licensing Corporation

Westinghouse Electric Corporation (commonly known as Westinghouse Licensing) is a Delaware General Corporation Law organized subsidiary that was founded in 1998 by Westinghouse-CBS (the renamed "original Westinghouse" and predecessor of the current CBS Corporation) in managing the intellectual property assets relating to the Westinghouse trademarks produced from 1886 until 1996.

Westinghouse Licensing has its headquarters in New York City inside the headquarters of its parent, CBS Corporation; its predecessor was located in Pittsburgh, Pennsylvania.

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