CBS Corporation facts for kids

Quick facts for kids
CBS Corporation

Former type	Public
Traded as	Class A NYSE: CBS.A Class B NYSE: CBS S&P 500 Component (CBS)
Industry	Mass media
Predecessor	Viacom, Inc. Westinghouse Electric Corporation
Successor	ViacomCBS
Founded	May 3, 1971 (as Viacom International (Viacom Productions)) January 3, 2006 (2006-01-03) (as CBS Corporation)
Defunct	December 4, 2019
Headquarters	CBS Building, Manhattan, New York City , United States
Area served	United States
Key people	Sumner Redstone (Executive Chairman) Joseph Ianniello (President and CEO)
Products	Television, radio, publishing, movies and online services
Revenue	US$ 15.284 billion (2013) US$ 14.089 billion (2012)
Operating income	US$ 3.259 billion (2013) US$ 2.983 billion (2012)
Net income	US$ 1.879 billion (2013) US$ 1.574 billion (2012)
Total assets	US$ 26.387 billion (2013) US$ 26.466 billion (2012)
Total equity	US$ 9.966 billion (2013) US$ 10.213 billion (2012)
Number of employees	20,915 (2011)
Parent	National Amusements, Inc. (79%)
Divisions	CBS Broadcasting CBS Interactive CBS Radio CBS Records CBS Sports Network CBS Television Distribution CBS Television Studios'
Subsidiaries	Westinghouse Licensing Corporation Showtime Networks Simon & Schuster TVGuide.com The CW (50%) TVGN (50%) Full list of assets here

CBS Corporation was a large American company that focused on mass media. This means they were involved in many ways of sharing information and entertainment. They did things like broadcasting (TV and radio), publishing books, and making TV shows.

For a while, until 2005, this company was known as Viacom. After 2005, a new company was created, which also kept the name Viacom.

Later, in 2019, CBS Corporation and the new Viacom company joined together. This big joining of companies is called a merger. The new company they formed is called ViacomCBS. This merger was completed on December 4, 2019.

What Was CBS Corporation?

CBS Corporation was a major player in the entertainment and media world. It was a public company, which means its shares could be bought and sold by people on the stock market. The company's main office was in the CBS Building in Manhattan, New York City.

The company was founded on January 3, 2006, but its roots go back to May 3, 1971, when it was known as Viacom International. It stopped existing as a separate company on December 4, 2019, when it merged with Viacom.

What Did CBS Corporation Own?

CBS Corporation owned many different businesses that you might know. They were involved in various types of media:

• Television: They had CBS Broadcasting, which included the well-known CBS television network. They also owned Showtime Networks, which creates popular TV shows and movies. They even owned half of The CW, another TV network.
• Radio: They had CBS Radio, which operated many radio stations across the United States.
• Publishing: One of their famous parts was Simon & Schuster, a big book publisher. They published many different kinds of books.
• Online Services: They also had CBS Interactive, which managed many websites and online content.
• Movies and TV Production: Through CBS Television Studios, they produced many TV shows. They also distributed these shows to different channels.

In 2011, CBS Corporation had over 20,000 employees working for them. This shows how big and important the company was in the media industry.

See also

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• In Spanish: CBS Corporation para niños