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), licensing and merchandising (CBS Consumer
Products) and motion pictures (CBS Films).
CBS Television Stations consists of 29
stations, including 14 that are part of the CBS Television Network
and 15 that are affiliated with The CW Network, MyNetworkTV,
or operate as independents.
Among its stations are: WCBS-TV (New York),
KCBS-TV and KCAL-TV (Los Angeles), WBBM-TV (Chicago), KYW-TV
and WPSG-TV (Philadelphia), WBZ-TV and WSBK-TV (Boston), KPIX-TV
and KBCW-TV (San Francisco), KTVT-TV and KTXA-TV (Dallas-Ft.
Worth), WUPA-TV (Atlanta), WWJ-TV and WKBD-TV (Detroit), KSTW-TV
(Seattle), WCCO-TV (Minneapolis), WTOG-TV (Tampa-St. Petersburg),
WFOR-TV and WBFS-TV (Miami), KCNC-TV (Denver), KOVR-TV and KMAX-TV
(Sacramento), KDKA-TV and WPCW-TV (Pittsburgh), WJZ-TV (Baltimore),
WGNT (Norfolk), as well as 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 2008, CBS reported total revenues of $13.95 billion, down from $14.07 billion in 2007, and net loss of $11.6 billion due to accounting writedowns.
“The marketplace was under increasing pressure throughout 2008, yet we were still able to deliver annual revenues of nearly $14 billion, adjusted operating profits of almost $2.8 billion and free cash flow of just under $1.7 billion – results that reflect the quality of our content and the enduring strength of our operations,” said Leslie Moonves, President and Chief Executive Officer, CBS Corporation. “As the contraction of the economy accelerated in the fourth quarter, our businesses were affected – in particular our local businesses – but we did not deviate from our ongoing strategy: to create winning content, regardless of the marketplace. At the same time, we continue to exercise a very disciplined approach to capital investment, and have taken substantial costs out of all of our businesses, in order to help margins going forward. We are confident that our considerable operational accomplishments will help position us to capitalize on growth opportunities as soon as the economy improves.”
CBS acquired CNET Networks in June 2008, a company that operates technology news sites, for $1.8 billion.
There have been layoffs reported at CBS in its Interactive, News and Radio divisions in 2008 but no specific number were announced.
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.
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 February 22, 2009
|
