CBS
Headquarters:
51 West 52nd Street
New York, NY 10019
Phone: (212) 975-4321
Employees: 23,654
CEO: Les Moonves
Stock Symbol: CBS
Website:
http://www.cbscorporation.com
Career Site
CBS is a leading media company that was spun off from Viacom in 2005. CBS has operations in broadcast television (CBS and CW), local television (CBS Television Stations Group), television production and syndication (CBS Paramount Television and King World), cable television (Showtime and CSTV Networks), radio (CBS Radio), advertising on out-of-home media (CBS Outdoor), publishing (Simon & Schuster), interactive media (CBS Interactive includes CNET), licensing and merchandising (CBS Consumer Products) and motion pictures (CBS Films).
CBS Television Stations consists of 29 owned-and-operated stations, including 16 that are part of the CBS Television Network, nine affiliates of The CW Network, three independent stations and one MyNetworkTV affiliate.
Among its stations are WCBS-TV (New York), KCBS-TV and KCAL-TV (Los Angeles), WBBM-TV (Chicago), KYW-TV and WPSG-TV (Philadelphia), KTVT-TV and KTXA-TV (Dallas-Ft. Worth), KPIX-TV and KBCW-TV (San Francisco), WBZ-TV and WSBK-TV (Boston), WUPA-TV (Atlanta), WWJ-TV and WKBD-TV (Detroit), KSTW-TV (Seattle), WTOG-TV (Tampa-St. Petersburg), WCCO-TV (Minneapolis), KCNC-TV (Denver), WFOR-TV and WBFS-TV (Miami), KOVR-TV and KMAX-TV (Sacramento), KDKA-TV and WPCW-TV (Pittsburgh), WJZ-TV (Baltimore), WGNT (Norfolk), as well as WCCO-TV’s satellite stations KCCO-TV (Alexandria, MN) and KCCW-TV (Walker, MN).
Simon & Schuster is a global leader
in the field of general interest publishing, dedicated to providing
the best in fiction and nonfiction for consumers of all ages,
across all printed, electronic, and audio formats.
In 2009, CBS reported total revenues of $13.01 billion, down 7% from $13.95 billion a year earlier. The company reported net income of $226.5 million.
CEO Leslie Moonves said: "We see a number of very positive signs at both our Content Group and our Local Group. The CBS Television Network is again #1 this season and up in every key demographic year-over-year, and we've added two new hits - both of which are wholly-owned by CBS. Cable Networks' subscriber and profit growth continues, and traffic to CBS Interactive sites hit new records during the quarter. Meanwhile, both national and local advertising are improving substantially - with dramatic gains in scatter and sales pacing for the Network and our TV Stations in the first quarter. Local radio stations are pacing well above last year's first quarter, and Outdoor has reached last year's levels. And with growing retransmission and affiliate fees, we've established a substantial secondary revenue stream. At the same time, we continue to manage our cost structure to deliver better efficiencies in any economy, and have improved our liquidity position - all of which we believe will help us better capitalize on the ongoing economic recovery in 2010."
CBS News reportedly cut up to 100 positions in early 2010.
History
CBS was founded in Sept. 1928 when 27-year-old
William Paley acquires United Independent Broadcasters Inc.,
a network of 16 independent radio stations. Paley changes the
name to Columbia Broadcast System and becomes President of the
company.
In 1931, CBS begins the first regularly
scheduled television broadcasting in the country on experimental
station W2XAB in New York City. By year's end, CBS is broadcasting
seven hours daily, seven days a week. Programming includes "Bill
Schudt's Going to Press," an interview show with correspondents,
columnists and editors. It was the first regularly scheduled
program to be simulcast on radio and television.
The daytime drama "Guiding Light"
premieres on radio in 1937 and CBS is listed on the New York
Stock Exchange that year.
In 1940, the first color television broadcast
from CBS transmitter atop the Chrysler Building is received in
the CBS building at 485 Madison Avenue. In 1941, CBS gets its
first FM station, WCBS in New York. On July 15, 1941, 15 hours
a week of black and white television programming begins at New
York station WCBW (later renamed WCBS). News is prominent in
the schedule.
In 1946, CBS Television Network presents
first-ever television broadcast of the National Football League.
By 1948, the CBS Television Network is formed, with WCAU-TV Philadelphia
as the first affiliate. There are 30 affiliate stations within
the year. CBS would begin color TV broadcasting in 1951 and the
entire schedule would be in color by 1967.
The Columbia Broadcasting System, Inc.
officially changes its name to CBS in 1971.
The Late Show with David Letterman would
debut in 1993 on CBS after Letterman left NBC.
Westinghouse Electric would merge with
CBS in 1995. Westinghouse would acquire Infinity Broadcasting
in 1996.
In 1997, Westinghouse changes its name
to CBS Inc. In 2000, Viacom would merge with CBS. In late 2005,
CBS is spun off from Viacom and begins trading on the NYSE as
a separate company again on January 3, 2006.
CBS acquired CNET Networks in June 2008, a company that operates technology news sites, for $1.8 billion.
Benefits
* Medical
* Dental
* Life Insurance
* Short Term and Long Term Disability
* Flexible Spending Accounts
* Cancer Care Insurance
* Long Term Care Insurance
* Qualified Transportation Program
* 401k Program
Most benefits become effective on date of hire and can be changed each year as health and benefit needs change.
Other resources and services are offered to employees, including:
* Health Advocate Services
* Employee Assistance Program
* Emergency Back–Up Child and Elder Care
Updated March 20, 2010
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