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April 23, 1999 | Bloomberg News
CBS Corp., the top-rated U.S. TV network, said it has agreed to buy a 33% stake in WinStar Communications Inc.'s in exchange for $42 million in advertising, expanding its online holdings. Over six years, CBS will promote and provide advertising for on its TV network and affiliated stations, as well as across the radio and billboard businesses of Infinity Broadcasting Corp., in which CBS owns an 83% stake. Office.
September 21, 1999
CBS Corp., owner of the top-rated U.S. television network, said it will promote its new season of shows over America Online, giving it access to the No. 1 online service's more than 17 million subscribers. The campaign is to begin today and run through Sunday. CBS ads touting the network's new fall schedule will be displayed on several high-traffic areas of AOL, including its entertainment channel and "welcome" screen. In exchange, CBS will provide advertising time for AOL.
March 14, 2007 | From Bloomberg News
CBS Corp. Chairman Sumner Redstone, bowing to shareholder complaints that company directors and top executives were overpaid, cut his salary and cash bonus for 2007 and linked his compensation to the stock's performance. CBS also said in a statement Tuesday that it resolved a case with shareholders who filed a complaint in 2005 charging the company with overpaying top executives.
November 23, 2005 | From Bloomberg News
Viacom Inc. on Tuesday appointed seven independent directors to the boards of CBS Corp. and the new Viacom, which will be formed after the company splits this year. Four directors including Bank of America Corp. Chairman Emeritus Charles Gifford, 63, and Bruce Gordon, 59, chief executive of the National Assn. for the Advancement of Colored People, will join the CBS board, Viacom said.
April 4, 2000 | From Bloomberg News
CBS Corp. lost a round in a sex discrimination suit when a federal judge Monday approved class-action status for female technicians at five CBS television stations. The number of women joining the class could exceed 150, according to one of the plaintiffs' attorneys. The original suit was filed on behalf of four plaintiffs. U.S. District Judge Donovan W.
July 29, 2000 | Bloomberg News
Viacom Inc. will take about $1.5 billion in charges in its second quarter for costs related to buying CBS Corp. and for new film accounting rules, according to a recent filing and analyst estimates. Viacom expects to record a pretax charge of about $700 million for CBS purchase expenses such as transaction fees, severance payments and other costs, the company said in a filing with the Securities and Exchange Commission.
January 2, 2006 | From Times Wire Services
CBS Corp. and the new Viacom Inc., which were created over the weekend when the old Viacom Inc. completed a plan to split itself into two companies, will begin trading Tuesday on the New York Stock Exchange. Both companies will be in the Standard & Poor's 500 index. Investors were given one CBS share and one new Viacom share for each two shares they owned of the old Viacom. Shares in CBS and the new Viacom have changed hands on a when-issued basis since Dec. 5.
June 22, 2006 | From Reuters
AOL, the online unit of media conglomerate Time Warner Inc., said Wednesday that it would co-produce CBS' Saturday children's TV programming lineup, bringing together two of traditional media's biggest competitors -- the Internet and video games. AOL's children's division, KOL, will co-produce part of CBS' Saturday programming with privately held management company DIC Entertainment Corp. It comes amid concerns that TV viewers are being siphoned by new technology.
July 8, 2013 | By Ryan Faughnder
Netflix Inc. and CBS Corp. have expanded a multi-year licensing agreement to stream CBS shows.  The revised deal makes shows such as “The L.A. Complex,” “The 4400” and “CSI: NY” available for streaming. The agreement also includes shows already on Netflix, such as "Jericho," “Star Trek” and “Twin Peaks.”   Terms of the agreement were not disclosed.  ON LOCATION: Where the cameras roll In 2011, the companies announced a two-year, non-exclusive licensing agreement to stream  full seasons of shows such as "Frasier" and "Cheers.
July 16, 2013 | By Ricardo Lopez
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.
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