Headquarters: 51 West 52nd Street
New York, NY 10019
Phone: (212) 975-4321
CEO: Les Moonves
Stock Symbol: CBS
CBS is a leading media company with 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 Networks, Smithsonian Networks and CBS Sports Network), 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).
The CBS Network has over 200 affiliates. Shows on CBS include CSI, NCIS, Two and a Half Men, Late Show with Stephen Colbert, 60 Minutes and Young and the Restless.
CBS Television Stations consists of 29 owned-and-operated stations, including 16 that are part of the CBS Television Network, eight affiliates of The CW Network, three independent stations and two MyNetworkTV affiliates.
Among its stations are WCBS-TV and WLNY-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), 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 2015, CBS reported revenues of $13.89 billion, up 1% from a year earlier. The company reported net earnings of $1.4 billion.
"We had a terrific fourth quarter, and CBS is now in position to build strong momentum throughout 2016," said Leslie Moonves, Chairman, President and CEO, CBS Corporation. "Our base businesses are growing well, thanks to the strength of our premium content and the continued improvement in the advertising marketplace. In addition, with Super Bowl 50 in the first quarter and political spending ramping up into the fourth, we expect 2016 will be a very good year for advertising."
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.
In 2013, CBS acquired TVGuide Digital, which includes the TV Guide cable network and websites.
The company spun off CBS Outdoor Americas, the outdoor advertising subisidiary of CBS, in an IPO in March 2014.
David Letterman retired from the Late Show on May 20, 2015 and Stephen Colbert took over on September 8, 2015.
* 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 BackUp Child and Elder Care