August 15, 2013 |
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)
July 16, 2013 |
Platinum Equity, the Los Angeles-based private equity firm, announced Tuesday it will buy CBS Corp.'s international billboard division for $225 million. Known as CBS Outdoor International, the division has billboards in the U.K., France, Ireland and other European countries. “CBSO International is a well-established brand with valuable media assets and broad reach throughout Europe,” said Bastian Lueken, head of Platinum Equity's European merger and acquisitions team. Photos: Top 10 Southern California companies Platinum Equity is run by chairman Tom Gores.
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.
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.
July 1, 2008 |
CBS Corp., the U.S. broadcaster controlled by Sumner Redstone, completed its $1.8-billion acquisition of CNet Networks Inc., becoming one of the 10 largest website companies. CNet, along with existing Internet businesses, will form a new digital division led by Quincy Smith, New York-based CBS said. Chief Executive Leslie Moonves sought CNet, owner of GameSpot.com and TV.com, to add Web businesses that are growing faster than the company's television and radio networks.
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.
February 14, 2013 |
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.