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ENTERTAINMENT
July 5, 2008 | From the Associated Press
A former accountant for Rachael Ray's TV cooking show has filed a $1-million lawsuit, saying he was forced out of his job because he has an eating disorder. Aaron Ferguson says in papers filed in Manhattan's state Supreme Court that he has suffered from anorexia for about six years. He says his supervisor repeatedly exhibited "hostile behavior" and made "vile," discriminatory and hurtful comments. Ferguson said he began working in July 2007 for CBS Television Distributions Inc., a CBS Corp.
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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.
ENTERTAINMENT
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.
BUSINESS
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.
ENTERTAINMENT
July 29, 2013 | By Scott Collins, A correction has been added to this post, as indicated below.
"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.
ENTERTAINMENT
September 3, 2013 | By Meg James
Cord-cutting continues to nibble away at the U.S. pay-TV industry. According to a SNL Kagan report released Tuesday, the industry suffered a net loss of 217,000 subscribers in the second quarter of this year compared to the same period last year. The report also showed that traditional cable companies -- including Time Warner Cable -- are losing more subscribers to satellite and telecommunications competitors that also offer video service. The report illustrated why Time Warner Cable had little choice but to settle its contentious dispute with CBS Corp., which led to a monthlong blackout of CBS-owned stations in Los Angeles, New York and Dallas.
BUSINESS
November 15, 1997 | From Reuters
Westinghouse Electric Corp. said Friday that it agreed to sell its power-generation business to Siemens of Germany for $1.5 billion in cash as part of its plan to divest its industrial businesses and become a media company. Westinghouse said its divestiture timetable had been pushed back about six months but was expected to be completed by the middle of next year, after which it will be a "pure-play media company" led by its CBS television network.
NEWS
November 7, 2012 | By Meg James
Higher fees for programming boosted broadcasting giant CBS Corp. to a solid third quarter with 15.7% growth in profit. For the period that ended Sept. 30, the company reported net earnings of $391 million, or 60 cents a share, up from $338 million, or 50 cents a share, during the third quarter of 2011.  The earnings matched Wall Street analysts' forecasts. "CBS is keeping its streak with another quarter of record-breaking results," Chief Executive Leslie Moonves said Wednesday in a conference call with analysts.
BUSINESS
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 Office.com in exchange for $42 million in advertising, expanding its online holdings. Over six years, CBS will promote and provide advertising for Office.com 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.
BUSINESS
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.
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