CBS Corporation

CBS Corporation

CBS Corporation's headquarters in the CBS Building, New York City.
Type	Public
Traded as	: CBS : CBS.A S&P 500 Component
Industry	Mass media
Predecessor	Viacom, Inc. Westinghouse Electric Corporation
Founded	May 3, 1971; 45 years ago (1971-05-03) (as Viacom International (Viacom Productions) January 3, 2006; 11 years ago (2006-01-03) (as CBS Corporation)
Headquarters	CBS Building, Manhattan, New York, United States
Area served	United States
Key people	Sumner Redstone (Chairman Emeritus) Leslie Moonves (President, CEO, and Exec. Chairman)
Products	Movie production, TV production, Broadcasting, Cable television, Record label, Publishing, Internet
Revenue	US$ 13.88 billion (2015)
Operating income	US$ 2.417 billion (2015)
Net income	US$ 1.413 billion (2015)
Total assets	US$ 23.76 billion (2015)
Total equity	US$ 5.563 billion (2015)
Owner	National Amusements (80%)
Divisions	CBS Entertainment CBS Cable Networks CBS Publishing CBS Local Broadcasting
Subsidiaries	CBS CBS Interactive CBS Radio CBS Records CBS Sports Network CBS Television Distribution CBS Television Studios CBS Films Westinghouse Licensing Corporation Showtime Networks Simon & Schuster Digital assets of TV Guide The CW (50%) Pop (50%) Full list of assets here
Website	www.cbscorporation.com

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 president, chief executive and executive chairman of the company is Leslie Moonves. Sumner Redstone, owner of National Amusements, is CBS's majority shareholder and serves as chairman emeritus. The company began trading on the on January 3, 2006. Until then, the corporation was known as Viacom, and is the legal successor to said company. A new company, keeping the Viacom name, was spun off from CBS. CBS, not Viacom, retains control of over-the-air television (CBS, CW) and radio broadcasting, TV production and distribution, publishing, pay-cable, basic cable (Pop), 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.

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 Spike), 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.