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As of November 2018, CBS Corporation ranked 197th on the Fortune 500 list of the largest United States corporations by revenue. 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.
- December 31, 2005; 17 years ago
- National Amusements (80% voting power)
- Strauss Zelnick, (interim chairman), Joseph Ianniello, (president and acting CEO)
WATCH LIVE. Watch CBS television online. Find CBS primetime, daytime, late night, and classic tv episodes, videos, and information.
The 2019 merger of CBS Corporation and Viacom was announced on August 13, 2019, and was completed on December 4, 2019. The merger of equals reunited CBS Corporation and Viacom into a single company known as ViacomCBS (today known as Paramount Global) after their separation from the first incarnation of Viacom on December 31, 2005.
- US$15.4 billion
- CBS Corporation
- Merger
- Viacom
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In 1974, CBS dropped its original full name and became known simply as CBS, Inc. The Westinghouse Electric Corporation acquired the network in 1994, renaming its legal name to the current CBS Broadcasting Inc. two years later, and in 1997 adopted the name of the company it had acquired to become CBS Corporation.
- United States
- CBS Entertainment Group
Feb 9, 2018 · CBS Corporation, major American mass-media company that operates the CBS national television network and that includes the Simon & Schuster publishing groups and the Showtime cable network, among other holdings. The company was incorporated in 1927 as United Independent Broadcasters, Inc.
Dec 4, 2019 · Commercially, ViacomCBS will be the most important partner in the media ecosystem. The company will deliver the largest share of the U.S. television audience and hold number-one positions in every demographic we serve, including total viewers 2+, kids, Adults 18-49 and 25-54, African Americans and Latinx viewers.
Aug 14, 2019 · CBS Corp. and Viacom, once part of the same company, plan to join forces again in an all-stock transaction that values Viacom at $12 billion. The new company, ViacomCBS Inc., will have more than $28 billion in revenue and the largest market share of the U.S. television viewing audience.
