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CBS Corporation facts for kids

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CBS Corporation
Public
Traded as Class A NYSECBS.A
Class B NYSECBS
S&P 500 Component (CBS)
Industry Mass media
Predecessor
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, broadcasting, movies and online services
Revenue
  • Increase US$ 15.284 billion (2013)
  • Increase US$ 14.089 billion (2012)
Operating income
  • Increase US$ 3.259 billion (2013)
  • Increase US$ 2.983 billion (2012)
  • Increase US$ 1.879 billion (2013)
  • Increase US$ 1.574 billion (2012)
Total assets
  • Decrease US$ 26.387 billion (2013)
  • Increase US$ 26.466 billion (2012)
Total equity
  • Decrease US$ 9.966 billion (2013)
  • Increase US$ 10.213 billion (2012)
Number of employees
20,915 (2011)
Parent National Amusements, Inc. (79%)
Divisions
Subsidiaries

CBS Corporation was an American mass media corporation focused on broadcasting, publishing, and television production. Until 2005, the company was known as Viacom. A new company, keeping the Viacom name, was spun off from CBS.

In 2019, CBS Corporation and Viacom were merged together. This created ViacomCBS, a combination of the two companies. The merger was finished on December 4, 2019.

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