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  1. CBS Corporation The second incarnation of CBS Corporation (the first being a short-lived rename of the Westinghouse Electric Corporation) was an American multinational media conglomerate with interests primarily in commercial broadcasting, publishing, and television production.

    • December 31, 2005; 16 years ago
    • Strauss Zelnick, (interim chairman), Joseph Ianniello, (president and acting CEO)
  2. CBS Corporation, formerly (1928–74) Columbia Broadcasting System and (1974–97) CBS Inc., 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.

    • Origins
    • Post-World War II Activity
    • 1995 Acquisition by Westinghouse
    • Principal Subsidiaries
    • Principal Operating Units
    • Further Reading

    In the late 1920s Arthur Judson, the impresario of the Philadelphia and New York Philharmonic orchestras, approached the Radio Corporation of the National Broadcasting Company (NBC), then the only radio broadcaster in the United States, with an idea to promote classical music by airing orchestra performances; NBC declined. Undaunted, Judson founded...

    Although CBS continued to expand after World War II, NBC was still the industry leader. Under Paley’s direction, CBS lured stars away from NBC by devising a plan in which the celebrities could be taxed as companies rather than as individuals, greatly reducing the amount of income they were required to turn over to the government. Jack Benny was the...

    CBS lost the rights to NFC football games in 1993. This loss, combined with mounting financial losses and the lack of a move into cable, led to a vote of no confidence from one of CBS’s top two institutional investors. In response, the beleaguered Tisch sold CBS to Westinghouse Electric Corporation in 1995 for $5.4 billion, marking the beginning of...

    CBS Cable Networks, Inc.; Westinghouse Electric Corporation; TDI Worldwide, Inc.; Infinity Broadcasting Corporation.

    Infinity Media Broadcasting Corporation; CBS Entertainment; CBS News; CBS Sports; CBS Enterprises; CBS New Media; CBS Cable.

    Boyer, Peter J., Who Killed CBS? How America’s Number One News Network Went Down the Tubes, New York: Random House, 1988. Carter, Bill, “CBS in First Place of Ratings Race for Year,” New York Times, April 15, 1992. “CBS Lays Off Hundreds to Cut Budget by at Least $100 Million,” Broadcasting, April 8, 1991. “Down to the Core,” Mergers & Acquisitions...

  3. CBS Corporation is a mass media company that creates and distributes content across a variety of platforms to audiences around the world. The company operates businesses with origins that date back to the dawn of the broadcasting age as well as new ventures that operate on the leading edge of media. The company owns the most-watched television

    • New York
    • Arthur Judson, William Samuel Paley
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  5. CBS Corporation was the name taken by Westinghouse Electric Corporation in 1997 after its 1995 acquisition of CBS Inc. Between 1995 and 1997, Westinghouse completed $25 billion in deals, including acquisitions and divestitures, to become a purely media-oriented company.

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