CBS Corporation

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CBS Corporation
TypePublic
Traded asClass A NYSECBS.A
Class B NYSECBS
S&P 500 Component (CBS)
IndustryMass media
Predecessor(s)
When it was createdMay 3, 1971 (as Viacom International (Viacom Productions)) January 3, 2006 (2006-01-03)[N 1] (as CBS Corporation)
HeadquartersCBS Building, Manhattan, New York City, United States
Area servedUnited States
Key peopleSumner Redstone
(Executive Chairman)
Joseph Ianniello
(President and CEO)
Things madeTelevision, radio, publishing, broadcasting, movies and online services
Money earned
  • Increase US$ 15.284 billion (2013) [1]
  • Increase US$ 14.089 billion (2012) [1]
Operating income
  • Increase US$ 3.259 billion (2013) [1]
  • Increase US$ 2.983 billion (2012) [1]
Net income
  • 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]
Employees20,915 (2011)[3]
Parent National Amusements, Inc. (79%)
Divisions
Subsidiaries
Websitewww.cbscorporation.com

CBS Corporation is 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.

Notes[change | change source]

  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 | change source]

  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.