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BUSINESS
November 4, 2005 | Meg James
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.
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BUSINESS
July 13, 2006 | From Reuters
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.
ENTERTAINMENT
June 25, 2013 | By Ryan Faughnder
Comcast Corp. says Aereo, a company that distributes broadcast programming on the Web, violates its copyrights, but according to often-contrarian analyst Richard Greenfield of BTIG, the cable giant is fighting the tech firm at its own peril. Comcast has argued that the Web TV company distributes its content without permission, which hurts its broadcaster, NBC Universal. CBS, Fox and ABC have all made similar legal arguments. But Aereo could help Comcast's pay-TV business, Greenfield said in a note to clients Monday.
ENTERTAINMENT
October 22, 2013 | By Meg James
CBS Corp. has hired Hilary Estey McLoughlin as president of creative affairs for its distribution unit, overseeing such popular programs as "Judge Judy," "Entertainment Tonight," "Doctor Phil" and "Rachael Ray. " Estey McLoughlin left Warner Bros. this past summer in a shake-up that followed Warner Bros.' hiring of Mike Darnell , former reality wizard of Fox Broadcasting. Estey McLoughlin had been president of Warner Bros.' Telepictures Productions for nearly seven years.
ENTERTAINMENT
September 2, 2013 | By Joe Flint and Meg James
After a monthlong blackout, Time Warner Cable and CBS Corp. struck a distribution deal that returned the broadcast network's programming to millions of frustrated subscribers in Los Angeles, New York and Dallas. The agreement came after weeks of bitter negotiations and public posturing by the two companies. With the fall television season weeks away and the National Football League set to return later this week, both CBS and Time Warner Cable had incentives to get a new contract signed.
ENTERTAINMENT
January 8, 2014 | By Ryan Faughnder
Episodes of "Extant," the CBS drama series starring Halle Berry and produced by Steven Spielberg's Amblin Television, will be available on Amazon.com Inc.'s Prime Instant video streaming service four days after they first air.  The content licensing deal between CBS and the online retailer mirrors the agreement for 2013's summer hit "Under the Dome," based on the Stephen King book. Episodes of "Under the Dome" were also available four days after their original broadcast date for Amazon Prime subscribers.  The "Under the Dome was the most-watched TV season on the Amazon streaming service in the last year.
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.
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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