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ENTERTAINMENT
October 15, 2012 | By Meg James
CBS Corp. is not about to lose Leslie Moonves. The 63-year-old chief executive has signed a new five-year deal, long in advance of his previous contract expiring in 2015. Moonves' new employment agreement, announced Monday, will keep the veteran television executive at the helm of the media company at least through June 2017. “This agreement secures the company even further into the future," Sumner Redstone, the company's chairman said. The terms of the new contract stipulates that Moonves' salary will remain at its current level, CBS said in a statement.
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ENTERTAINMENT
February 20, 2014 | By Meg James
CBS' entertainment chief, Nina Tassler, has earned a bigger title -- chairman of CBS Entertainment -- and a new employment contract that will keep her at the network through 2017. Tassler will continue to be responsible for all of CBS' entertainment programming, including prime-time, daytime and late-night hours. She also will head program development for all genres, including comedy, drama, reality, mini-series and other TV specials. Tassler will oversee scheduling, research, advertising, promotions, publicity and business affairs for entertainment programming matters, but those division chiefs will continue to report CBS Corp.
ENTERTAINMENT
September 3, 2013 | By Greg Braxton, Los Angeles Times
"Big Brother" contestant Aaryn Gries, whose racial and homophobic slurs have sparked a firestorm - and high ratings - for the CBS reality show, has at least one ally - her mother. Just days after Gries was evicted from the "Big Brother" house, Elizabeth Owens is speaking out in a statement to The Times, chastising her daughter but declaring that the remarks are not reflective of Gries' upbringing or her true character. "While I love and continue to support my daughter Aaryn, words cannot describe my disappointment in some of her comments made on 'Big Brother,'" Owens wrote.
ENTERTAINMENT
February 14, 2013 | By Meg James
Broadcasting giant CBS Corp. is taking a minority stake in AXS TV, the nascent music-oriented cable channel owned by billionaire Mark Cuban and Los Angeles entertainment giant AEG. CBS will receive an undisclosed interest in the high-definition television channel in exchange for providing programming and marketing to the joint venture. With rights to such prominent events as the Grammy Awards, Broadway's Tony Awards and the Academy of Country Music Awards, CBS can give AXS a front row seat and backstage access that other channels lack.  Major programs will continue to air on the CBS broadcast network, but CBS plans to provide hours of additional coverage to its tentpole events with extras such as red carpet and backstage interviews.  CBS also agreed to promote the channel and its events on CBS' top-rated television network, TV stations, radio stations and even billboards.
BUSINESS
January 30, 2010 | By Matea Gold
CBS News, seeking to hold down news-gathering costs as its flagship evening and morning news programs continue to trail in the ratings, is preparing a significant round of layoffs next week, according to people familiar with the situation. The budget tightening is expected to affect every CBS News program, including "60 Minutes," the network's crown jewel, though the cuts on that show will be minimal. As many as 100 positions, or 7% of CBS News' 1,400-person staff, could be cut, these people said.
CALIFORNIA | LOCAL
May 30, 2010 | Times Wire Services
Michael H. Jordan, a skilled troubleshooter who held leadership roles at CBS, PepsiCo and Westinghouse, died Tuesday in New York from complications related to cancer, CBS Corp. announced. He was 73. Jordan was instrumental in crafting the media conglomerate that became the CBS of today as its chairman and chief executive. As the top executive at Westinghouse Electric Corp., he engineered the acquisition of CBS in 1995. He later shed Westinghouse's industrial businesses and kept the media business.
ENTERTAINMENT
August 15, 2013 | By Meg James
CW Seed, an experimental digital entertainment studio and website, launched Thursday with four original Web shows. The ambitious effort represents a dramatic increase in the CW television network's investment in original programming for digital platforms. CW intends to roll out fresh episodes each week and add two other Web shows to the site later in the fall. CW Seed will be anchored by the third season of the cheeky comedy "Husbands," which was formerly on YouTube. "Husbands" tells the story of two young guys (a professional athlete and a tabloid personality)
BUSINESS
March 27, 2007 | Alana Semuels, Times Staff Writer
In the wake of declining radio revenue, CBS Corp. said Monday that it was replacing Joel Hollander, chief executive of CBS Radio, with a former president of the group, Dan Mason. The nation's second-largest radio group announced this year that revenue declined 7% in the year ended Dec. 31 after shock jock Howard Stern was lured from CBS to Sirius Satellite Radio Inc.
BUSINESS
May 22, 1999 | Bloomberg News
CBS Corp. television station group President Jonathan Klein plans to retire after 30 years with the broadcasting company, according to an internal memo sent by Klein to company managers. The 56-year-old Klein, who wasn't immediately available to comment, said in the memo that he would remain with the company during a transition period. He didn't indicate what he would do after leaving CBS. Klein was named head of the station group in 1995, after CBS was bought by Westinghouse Electric Corp.
BUSINESS
October 6, 2005 | From Associated Press
Shareholders of Viacom Inc. will get half a share of the new Viacom and half a share of CBS Corp. for each share they currently hold when the media conglomerate splits into two companies, the company said. Viacom detailed terms of its plan to split into two public companies in a Securities and Exchange Commission filing but didn't give a date for when it expects to finish the breakup. Shares rose 81 cents to $31.99.
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