September 7, 2007 |
CBS Corp. said it would buy in-store programming and advertising company SignStorey Inc. for $71.5 million in cash to expand its out-of-home business. SignStorey has installed video displays that show ads delivered by satellite in supermarkets in six of the top 10 markets in the U.S.
August 20, 2008 |
CBS Corp. hired Jennifer Bresnan to lead development of reality shows, replacing Ghen Maynard. Bresnan, named senior vice president of alternative programming, will oversee reality shows such as "Survivor" and report to CBS Entertainment President Nina Tassler, the New York company said. CBS hired Bresnan from the CW Network, where she supervised programs that included "America's Next Top Model."
April 14, 2007 |
CBS Corp. paid Chief Executive Leslie Moonves $28.6 million for last year, more than twice what Chairman Sumner Redstone received. Moonves was paid $5.61 million in salary and a $15-million bonus, New York-based CBS said. Redstone got $12.2 million including $3.1 million in salary and a $7.32-million bonus.
June 9, 2006 |
CBS Corp., which already sells episodes of its hit television shows "Survivor" and "CSI" on Google Inc.'s online video store, is now offering the downloads on Apple Computer Inc.'s iTunes Music Store. Apple's online store carries other shows from ABC, NBC and Fox. It previously offered some CBS programming, such as NCAA basketball, but not prime-time hits.
December 24, 2006 |
CBS Corp. ignored warning signs that singer Janet Jackson might expose her breast during the 2004 Super Bowl halftime show, the U.S. Federal Communications Commission told an appeals court. The FCC, in a 62-page response to a CBS appeal of its $550,000 regulatory fine, said the television broadcaster should pay the penalty for airing indecent material at a time when children might be watching.
August 18, 2006 |
CBS Corp. plans to broadcast its evening news show with Katie Couric live on the Internet to extend the show's reach. Simultaneous broadcasts will begin with the show's debut at 6:30 p.m. Sept. 5, CBS said. The program will be the first network evening news to be shown live on the Web, the company said. The webcast will be advertiser-supported and free to viewers who register, CBS said.
June 24, 2008 |
CBS Corp., the broadcaster controlled by billionaire Sumner Redstone, acquired about 78% of CNet Networks Inc. through a tender offer after the companies agreed to a $1.8-billion takeover in May. About 119.2 million CNet shares were tendered as of Friday, CBS said. The firm will acquire CNet's remaining shares through an offer expiring at midnight Wednesday.
May 20, 2008 |
A premium cable TV channel being set up by Viacom Inc.'s Paramount Pictures, MGM Studios Inc. and Lionsgate Entertainment Corp. has hired former Showtime executive Mark Greenberg to become its chief executive. Plans for the channel were announced last month after the studios could not reach a deal to continue to supply their movies to Showtime, the premium channel that belongs to CBS Corp.
February 6, 1997 |
Westinghouse Electric Corp. said it will be known as CBS Corp. after it spins off its industrial businesses later this year to create a pure broadcasting company. The media company will also use the CBS "eye" as its logo. The decision to use the CBS name and logo came after a $30,000 study by corporate-identity consultant Lippincott & Margulies concluded CBS was a logical choice because it's recognized around the world.
November 4, 2005 |
Marking its entry into the competitive field of cable sports, CBS said it was buying College Sports Television Networks Inc. for $325 million in a stock transaction expected to be completed early next year, after CBS parent Viacom Inc. splits into two companies. The deal is likely to be the first major acquisition for the new CBS Corp. under Chief Executive Leslie Moonves.