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.
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.
September 2, 2013 |
After a monthlong blackout, Time Warner Cable Inc. and CBS Corp. reached an agreement that returned the broadcast network's programming to millions of frustrated subscribers in Los Angeles, New York and Dallas. The new distribution deal, which runs almost five years, came Monday afternoon after weeks of bitter negotiations and public posturing by the two media giants, with consumers caught in the middle. Besides CBS-owned stations including KCBS-TV Channel 2 and KCAL-TV Channel 9 in Los Angeles, the network's premium channel Showtime was blacked out in Time Warner Cable homes.
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.
July 13, 2006 |
CBS Radio Inc., a unit of CBS Corp., said it was cutting an unspecified number of jobs at its radio stations in the U.S. as part of a previously announced plan to manage costs. The company, based in New York, declined to specify the number of jobs it would cut. A source familiar with the matter said CBS was eliminating about 115 out of more than 8,500 full- and part-time positions at its 179 stations. CBS had announced plans more than a month ago to divest several stations in smaller markets.
July 1, 2013 |
Tribune Co. has agreed to purchase 19 television stations owned by Local TV Holdings in a $2.73-billion deal that is expected to make Tribune the largest television station group in the country. Tribune and Local TV Holdings said early Monday that they had entered into a definitive agreement for Tribune to acquire all of Local TV's television stations in a cash transaction. Local TV's stations are located in 16 markets, including Denver, Salt Lake City, Cleveland and Kansas City.
November 11, 2013 |
Louis J. Briskman plans to retire next month from his role as general counsel of CBS Corp. A mainstay of the broadcasting company, Briskman first joined CBS in 1975 when it was Westinghouse Electric Corp. He has served as the top lawyer for four public corporations, including Aetna Inc., Group W (the broadcasting subsidiary of Westinghouse) and Westinghouse Electric. After his stint at Aetna, Briskman rejoined CBS in September 2005, just four months before the CBS breakup with Viacom Inc. At that point, CBS became a separate publicly traded company.
July 29, 2013 |
"Absolutely appalling. " That's how the head of CBS describes some of the racial slurs heard this summer on the network's reality staple "Big Brother. " "I find some of the behavior absolutely appalling," CBS Corp. Chief Executive Leslie Moonves -- whose wife, Julie Chen, hosts "Big Brother" -- told reporters Monday morning at the TV press tour in Beverly Hills. "Unfortunately, it's a reflection of what some people in America are feeling," he added. GinaMarie Zimmerman, one contestant on this season's show, was heard making derogatory remarks about blacks and Asians.
CALIFORNIA | LOCAL
May 30, 2010 |
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.