CBS Corporation

CBS Corporation
CBS Corporation
	Logo used from 2005 to 2019
	Headquarters at the CBS Building in New York City
Type	Public
Traded as	NYSE: CBS.A (Class A); NYSE: CBS (Class B non voting);
Industry	Mass media
Predecessors	The first incarnation of Viacom;
Defunct	December 4, 2019; 6 years ago
Fate	Merged with the second incarnation of Viacom
Successor	Paramount Global
Headquarters	United States
Area served	Worldwide, with main operations in the United States and Australia
Key people	Strauss Zelnick; (interim chairman); Joseph Ianniello; (president and acting CEO);
Products	Movie production, TV production, broadcasting, cable television, record label, publishing, Internet
Revenue	US$ 14.514 billion (2018)
Operating income	US$ 2.768 billion (2018)
Net income	US$ 1.960 billion (2018)
Total assets	US$ 21.86 billion (2018)
Total equity	US$ 2.80 billion (2018)
Owner	National Amusements (80% voting power)
Number of employees	~12,700 (2017)
Divisions	CBS Entertainment; CBS Cable Networks; CBS Publishing; CBS Local Media; CBS Experiences
	Footnotes;

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.

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.

Notes

↑ The Viacom-CBS split was structured in such a way that the first Viacom changed its name to CBS Corporation, while the second Viacom was an entirely spun-off company. For this reason, the rechristened CBS Corporation was 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

↑ "CBS Corporation Announces Launch Of CBS Experiences (CBSX), A New Live And Experiential Events Division". PR Newswire. Cision. June 12, 2018. Retrieved May 30, 2019.
↑ "US SEC: Form 10-K CBS Corporation". U.S. Securities and Exchange Commission. Retrieved February 25, 2018.
↑ Shivdas, Sanjana (December 4, 2019). "CBS, Viacom complete merger in a win for Shari Redstone". Reuters. Retrieved February 11, 2020.

[2] The Viacom-CBS split was structured in such a way that the first Viacom changed its name to CBS Corporation, while the second Viacom was an entirely spun-off company. For this reason, the rechristened CBS Corporation was 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.

[1] "CBS Corporation Announces Launch Of CBS Experiences (CBSX), A New Live And Experiential Events Division". PR Newswire. Cision. June 12, 2018. Retrieved May 30, 2019.

[10-K_2017-3] "US SEC: Form 10-K CBS Corporation". U.S. Securities and Exchange Commission. Retrieved February 25, 2018.

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