48-520: The second incarnation of CBS Corporation (the first being a short-lived rename of the Westinghouse Electric Corporation ) was an American multinational media company with interests primarily in commercial broadcasting , publishing , and television production . It was formed on December 31, 2005, as the legal successor of the original Viacom , following the spin-off of the second incarnation of Viacom ; both CBS Corporation and
96-710: A 10-year license that allowed Cedar Fair to use the Paramount name in the parks through the 2017 season. On February 7, 2007, CBS sold seven smaller-market stations in Providence, Rhode Island , Austin, Texas , Salt Lake City and West Palm Beach, Florida to Cerberus Capital Management for US$ 185 million. It sold another station, WFRV-TV in Green Bay, Wisconsin , and its satellite station, WJMN-TV in Escanaba , Michigan , to Liberty Media on February 13, 2007. News reports estimate
144-526: A 25% stake on The WB) and CBS Television Stations contributed its stations as new network affiliates. On May 23, 2006, CBS Corporation sold Paramount Parks to the Cedar Fair Entertainment Company . With this acquisition, Cedar Fair became the third-largest theme park operator. On June 30, 2006, Cedar Fair completed its acquisition of Paramount Parks from CBS Corporation in a cash transaction valued at US$ 1.24 billion. The transaction included
192-426: A CBS-Viacom merger for at least two years after the date of the settlement with former CEO Moonves, donating $ 20 million to groups supporting the #MeToo movement as result of his resign. On May 30, 2019, CNBC reported that CBS Corporation and Viacom would explore merger discussions in mid-June 2019. The company's board of directors was revamped with people who are open to a merger and the talks were made possible with
240-621: A deal finalized in mid-December 2018. The deal gives the buyer the right to use the Television City name. Programs produced at Television City will continue to be based there as will CBS' international unit headquarters. On September 29, 2016, National Amusements sent a letter to the company and Viacom, encouraging the two companies to merge back into one company. On December 12, the deal was called off. On January 12, 2018, CNBC reported that Viacom had re-entered talks to merge back into CBS Corporation, after AT&T 's purchase of Time Warner
288-415: A new broadcast network, The CW . The network officially debuted on September 18, 2006. The network formally debuted on September 20 with the 2-hour premiere of America's Next Top Model . The network is the result of a merger of The WB (a Warner Bros. holding) and UPN (a CBS Corporation holding). CBS Corporation and Time Warner each owned 50% of the network. Tribune Broadcasting (which previously owned
336-430: A new entity known as ViacomCBS (now Paramount Global ), with Viacom CEO Bob Bakish as president and CEO of the new company and CBS CEO Ianniello as chairman and CEO of CBS and oversee CBS-branded assets. Shari Redstone will also serve as chairwoman of ViacomCBS. On October 29, 2019, National Amusements approved the re-merger deal, to be completed by early December 2019, with the recombined company trading on Nasdaq under
384-405: A serious setback when the corporation lost over one billion dollars due to bad high-risk, high-fee, high-interest loans made by its Westinghouse Credit Corporation lending arm. In an attempt to revitalize the corporation, the board of directors appointed outside management in the form of CEO Michael H. Jordan , who brought in numerous consultants to help re-engineer the company in order to realize
432-665: A subsidiary of Metropolitan-Vickers in 1919 and the Italian Westinghouse factory was taken over by Tecnomasio in 1921. Cookie Jar TV Cookie Jar TV was an American children's programming block that aired on CBS , originally premiering on September 16, 2006, as the KOL Secret Slumber Party; the block was later rebranded as KEWLopolis ( / ˈ k uː l ɔː p oʊ l ɪ s / KOO -law-poh-lis ) on September 15, 2007, and finally as Cookie Jar TV on September 19, 2009, running until September 21, 2013. It
480-575: A three-year programming partnership with DIC Entertainment to produce a new Saturday morning children's programming block including new and older series from its program library and included the distribution of select tape-delayed Formula One auto races. DIC originally announced that the block would be named CBS's Saturday Morning Secret Slumber Party; however, it was later renamed as the KOL Secret Slumber Party after DIC partnered with KOL, an AOL website aimed at children, to co-produce
528-621: A year previous with the MTV -produced show causing controversy for game broadcaster CBS . On June 14, 2005, the Viacom board of directors approved the split of the company into two firms. The CBS Corporation name would be revived for one of the companies, to be headed by longtime television executive (and Viacom co-president) Les Moonves , and would include the namesake television network CBS , UPN , Infinity Broadcasting Corporation , Viacom Outdoor , Showtime Networks , and Paramount Television . The split
SECTION 10
#1732855670116576-744: The CBS Building in Midtown Manhattan , New York City . CBS Corporation announced on August 13, 2019, that it would merge with Viacom for the second time to form ViacomCBS (now known as Paramount Global ). The merger was completed on December 4. The first incarnation of Viacom was created in 1952 as the television syndication division of CBS and was spun off in 1971. However, in 1999, Viacom acquired its former parent, by this time also named CBS Corporation, formerly Westinghouse Electric . The prior CBS Corporation also owned CMT and The Nashville Network (TNN), which remained Viacom properties after
624-541: The Paramount Pictures library. Viacom's international presence could also benefit distribution. On March 30, 2018, CBS made an all-stock offer slightly below Viacom's market value and insisting that its existing leadership, including long-time chairman and CEO Les Moonves, oversee the re-combined company. Viacom rejected the offer as being too low, requesting an increase by $ 2.8 billion, and requesting that Bob Bakish be maintained as president and COO under Moonves. It
672-550: The 1990s ( Madeline and Sabrina: The Animated Series ). The block's de facto hosts (and in turn, from whom the Secret Slumber Party name was partly derived) were the Slumber Party Girls , an all-female teen pop group signed with Geffen Records (consisted of Cassie Scerbo , Mallory Low, Karla Deras , Lina Carattini, and Caroline Scott), who made appearances in break bumpers and interstitial segments during
720-482: The 2005 split, but the prior CBS did not own UPN , Showtime , Paramount Television , Paramount Parks , or Simon & Schuster . In March 2005, Viacom contemplated splitting the company into two publicly traded companies, amid issues of the stock price stagnating and clashing corporate cultures between the cable and broadcast divisions, which came to a head with the Super Bowl XXXVIII halftime show controversy
768-486: The DIC/American Greetings co-production Sushi Pack and DIC's DinoSquad . On June 20, 2008, Canada-based production company Cookie Jar Group announced that it would acquire DIC Entertainment; the purchase was finalized one month later on July 23. On February 24, 2009, CBS renewed its time-lease agreement with Cookie Jar for three additional seasons, running through 2012. Subsequently, on September 19,
816-571: The Viacom channels to be an "albatross," and while he favored more content for CBS All Access (now Paramount+), he believed that there were better deals for CBS than the Viacom deal, such as Metro-Goldwyn-Mayer (MGM), Lionsgate or Sony Pictures . Moonves also considered Bakish a threat as he never wanted an ally of Shari Redstone as a board member of the combined company. Following Moonves' resignation due to sexual harassment allegations, National Amusements agreed in September 2018 to defer any proposal of
864-864: The Westinghouse trademarks were granted to the newly formed BNFL subsidiary, Westinghouse Electric Company . That company was sold to Toshiba in 2006. During the 20th century, Westinghouse engineers and scientists were granted more than 28,000 U.S. patents, the third most of any company. There have been a number of Westinghouse-related environmental incidents in the US. Below is a short list of these. All of these are chemical pollution incidents; none of them involve nuclear reactors or nuclear pollution. Westinghouse established subsidiary companies in several countries including British Westinghouse and Società Italiana Westinghouse in Vado Ligure , Italy. British Westinghouse became
912-637: The advancement of AC technology in Europe, the firm became active in developing alternating current (AC) electric infrastructure throughout the United States. The company's largest factories were located in East Pittsburgh, Pennsylvania , Lester, Pennsylvania and Hamilton, Ontario, where they made turbines , generators, motors, and switch gear for the generation, transmission, and use of electricity. In addition to George Westinghouse, early engineers working for
960-575: The block following Cookie Jar Group's acquisition by DHX Media (now WildBrain) in October 2012. On July 24, 2013, CBS announced a programming agreement with Litton Entertainment (which recently programmed a Saturday morning block that is syndicated to ABC 's owned-and-operated stations and affiliates for two years) to launch a new Saturday morning block featuring live-action reality-based series aimed at teenagers ages 13 to 18 years old. Cookie Jar TV ended its run after seven years on September 21, 2013, and
1008-520: The block to Sunday mornings, or (in the case of affiliates in the Western United States) Saturday afternoons due to breaking news or severe weather coverage, or regional or select national sports broadcasts (especially in the case of college football and basketball tournaments) scheduled in earlier Saturday timeslots as makegoods to comply with the E/I regulations. Some stations also tape delayed
SECTION 20
#17328556701161056-507: The block was rebranded again as Cookie Jar TV ; all of the programs from KEWLopolis and KOL Secret Slumber Party were removed upon the block's relaunch. The new shows added to the block were Busytown Mysteries and Noonbory and the Super Seven . Sabrina: The Animated Series also returned to the lineup after leaving in 2007. The theme song for the block was composed by Ron Wasserman . On April 3, 2010, Doodlebops Rockin' Road Show
1104-421: The block's programming. AOL managed the programming block's website and produced public service announcements which aired both on television and online. This association, along with the fact that some CBS stations chose to tape delay some of the programs to air on Sunday mornings, was what led to the block's renaming. Notably, despite AOL at the time being a sister company to Warner Bros. , with whom CBS co-owned
1152-430: The block, and served as a house band on Dance Revolution. In the summer of 2007, KOL withdrew its sponsorship from the network's Saturday morning block. CBS and DIC subsequently announced a new partnership with American Greetings to rebrand the block as KEWLopolis, debuting on September 15 of that year, which would be targeted at younger children and branded as a tie-in with the monthly teen magazine Kewl (which
1200-809: The company included Frank Conrad , Benjamin Garver Lamme , Bertha Lamme (first woman mechanical engineer in the United States), Oliver B. Shallenberger , William Stanley , Nikola Tesla , Stephen Timoshenko , and Vladimir Zworykin . Early on, Westinghouse was a rival to Thomas Edison 's electric company. In 1892, Edison was merged with Westinghouse's chief AC rival, the Thomson-Houston Electric Company , making an even bigger competitor, General Electric . Westinghouse Electric & Manufacturing Company changed its name to Westinghouse Electric Corporation in 1945. In 1990, Westinghouse experienced
1248-514: The deal at about US$ 234 million. CBS is swapping the stations and US$ 170 million in cash for 7.59 million shares of CBS common stock held by Liberty Media. On February 26, 2007, CBS began investing in Electric Sheep, which is a virtual world content developer. CBS hired Electric Sheep to develop some projects, including the creation of "The L-Word in Second Life". CBS also shot a commercial within
1296-606: The deal due to close in the third quarter of 2008. On July 2 CBS acquired CNET and put it under CBS Interactive . On February 14, 2013, CBS acquired a minority stake in AXS TV in exchange for programming and marketing. On March 26, CBS and Lionsgate entered a 50/50 joint venture to operate the TV Guide Network (TVGN) and TVGuide.com. On May 31, CBS bought the remaining half of TV Guide Digital from Lionsgate . The latter still retained its share of TVGN (later rebranded as Pop) until it
1344-503: The liquidation of their credit operations. In 1995, in a major change of direction, the company acquired the CBS television network and renamed itself CBS Corporation . Most of its remaining industrial businesses were sold off at this time. CBS Corp was acquired by Viacom in 1999, a merger completed in April 2000. The CBS Corporation name was later reused for one of the two companies resulting from
1392-570: The potential that they saw in the broadcasting industry. Westinghouse reduced the workforce in many of its traditional industrial operations and made further acquisitions in broadcasting to add to its already substantial Group W network, including Infinity Broadcasting , TNN , CMT , American Radio Systems , and rights to NFL broadcasting. These investments cost the company over fifteen billion dollars. To recoup its costs, Westinghouse sold many other operations, including its defense electronics division, its metering and load control division (which
1440-437: The resignation of Moonves, who opposed all attempts for a Viacom merger. The talks had started following rumors of CBS acquiring Starz from Lionsgate. Reports said that CBS and Viacom reportedly set August 8 as an informal deadline for reaching an agreement to recombine the two media companies. As part of the re-merger deal, CBS acquired Viacom for up to $ 15.4 billion. On August 13, 2019, CBS and Viacom agreed to merge into
1488-447: The second Viacom were controlled by National Amusements , a theater company owned by billionaire Sumner Redstone . CBS Corporation comprised the over-the-air television ( CBS and The CW ) broadcasting, television production and distribution , publishing , pay-cable , and recording assets that were previously owned by the first Viacom. It was the world's eighth largest entertainment company in terms of revenue and headquartered at
CBS Corporation - Misplaced Pages Continue
1536-495: The second-largest owner of radio stations in the United States. In the same year, CBS purchased Australian broadcaster Network 10 . The network was previously in voluntary administration . As of November 2018, CBS Corporation ranked 197th on the Fortune 500 list of the largest United States corporations by revenue. CBS Corp. sold Television City to Los Angeles real estate investment company Hackman Capital Partners for $ 750 million in
1584-546: The split of Viacom in 2005. One of the few remaining original lines of business to survive this process was the nuclear power division, which was sold to BNFL in 1999 and re-formed as Westinghouse Electric Company . The Westinghouse trademarks are owned by Westinghouse Electric Corporation, and were previously part of Westinghouse Licensing Corporation . Westinghouse Electric was founded by George Westinghouse in Pittsburgh , Pennsylvania , on January 8, 1886. Building on
1632-623: The split, but instead, it dropped approximately 20 percent, while CBS Corporation rose 9 percent, that same year, Paramount Parks became a wholly-owned theme park unit of CBS Corporation. In January 2006, CBS and DIC Entertainment signed a multi-year deal in which DIC bought the Saturday morning airtime as "CBS's Saturday Morning Secret Slumber Party". In June 2006, DiC added a production partner AOL's KOL. Thus, this block would be called " KOL's Saturday Morning Secret Slumber Party on CBS ". On January 24, 2006, CBS Corporation and Warner Bros. created
1680-533: The symbol "VIAC" and "VIACA" after CBS delist its shares on the NYSE. On December 4, the deal was completed, with the merger structured such that CBS Corporation absorbed Viacom and changed its name to ViacomCBS. The board of directors of CBS Corporation included: Westinghouse Electric Corporation The Westinghouse Electric Corporation was an American manufacturing company founded in 1886 by George Westinghouse and headquartered in Pittsburgh , Pennsylvania. It
1728-476: The then new CW Network , neither Secret Slumber Party nor Kids' WB advertised each other's programs and KOL Secret Slumber Party shows. The KOL Secret Slumber Party premiered on September 16, 2006, replacing Nick Jr. on CBS . Its inaugural lineup included three first-run shows ( Horseland , Cake , and Dance Revolution ), two shows that originally aired on the syndicated DIC Kids Network block ( Sabrina's Secret Life and Trollz ), and two shows from
1776-666: The virtual world Second Life to promote its show Two and a Half Men . Another project that Electric Sheep was working on for CBS was a Star Trek -themed area in Second Life. By investing in Electric Sheep, CBS hoped to expand its activity "beyond the living room". On March 20, CBS/CSTV had acquired MaxPreps , an online high school sports network. On April 12, CBS Corporation created the CBS Interactive Audience Network. On May 30, 2007, CBS Interactive bought Last.fm for £140 million. On May 15, 2008, CBS Interactive agreed to buy CNET Networks for $ 1.8 billion, with
1824-467: Was acquired by CBS on March 12, 2019. On July 16, CBS agreed to sell CBS Outdoor International to Platinum Equity for about $ 225 million. The CBS Outdoor division began trading as a separate company on the NYSE under "CBSO" on March 28, 2014. CBS Outdoor would be fully divested from CBS by July into an independent real estate investment trust, renamed as Outfront Media . On November 17, 2017, CBS Corporation sold CBS Radio to Entercom , making that company
1872-615: Was added, while Strawberry Shortcake returned to the block. On September 18, 2010, Sabrina's Secret Life returned to the block, replacing both Noonbory and the Super Seven and Strawberry Shortcake . On February 5, 2011, Trollz and Horseland returned to the block, replacing both Sabrina shows. On September 17, 2011, Cookie Jar TV added The Doodlebops and PBS series Danger Rangers , replacing Doodlebops Rockin' Road Show and Trollz . On September 22, 2012, PBS series Liberty's Kids replaced Danger Rangers and Horseland . The Cookie Jar TV brand remained in place for
1920-475: Was also a major player in the field of nuclear power , starting with the Westinghouse Atom Smasher in 1937. A series of downturns and management missteps in the 1970s and 80s combined with large cash balances led the company to enter the financial services business. Their focus was on mortgages , which suffered significant losses in the late 1980s. In 1992 they announced a major restructuring and
1968-660: Was established in part by DIC in May 2007; it is no longer in publication). All shows were retained from Secret Slumber Party except for Dance Revolution and Madeline . When the rebranded block began, a new series, American Greetings' Care Bears: Adventures in Care-a-lot joined the block along with another fellow DIC/American Greetings series Strawberry Shortcake , which also joined the lineup after having previously been aired in syndication. In November 2007, Sabrina: The Animated Series and Trollz were replaced with two new series,
CBS Corporation - Misplaced Pages Continue
2016-442: Was originally named "Westinghouse Electric & Manufacturing Company" and was renamed "Westinghouse Electric Corporation" in 1945. Through the early and mid-20th century, Westinghouse Electric was a powerhouse in heavy industry, electrical production and distribution, consumer electronics, home appliances and a wide variety of other products. They were a major supplier of generators and steam turbines for most of their history, and
2064-625: Was originally programmed by DIC Entertainment , which over the course of the block's seven-year run, was acquired by Canada-based Cookie Jar Entertainment and subsequently by DHX Media (both of which thereby assumed responsibility for the lineup). Cookie Jar TV ended on September 21, 2013 and was replaced by a Litton Entertainment -produced block called the " CBS Dream Team " on September 28, 2013. On January 19, 2006, two months after Viacom and CBS Corporation finalized their separation into two commonly controlled companies (both owned by National Amusements ), CBS announced that it would enter into
2112-538: Was planned and Disney 's plan to acquire bulk of 21st Century Fox assets and the heavy competition from companies such as Netflix and Amazon . Shortly afterward, it was reported that the combined company could be a suitor for acquiring the film studio Lionsgate (which handled US distribution and global sales for CBS Films ). A re-merger could benefit CBS's streaming service CBS All Access , as it could potentially have access to content from core Viacom brands such as Comedy Central , MTV , and Nickelodeon , as well as
2160-500: Was reported these conflicts had resulted from Shari Redstone seeking more control over CBS and its leadership. Eventually, on May 14, 2018, CBS Corporation sued National Amusements and accused Shari Redstone of abusing her voting power and forcing a merger that was not supported by it or Viacom . CBS also accused Redstone of discouraging Verizon Communications from acquiring it, which could have been beneficial to its shareholders. On May 23, 2018, Les Moonves stated that he considered
2208-694: Was sold to ABB ), its residential security division, the office furniture company Knoll , and Thermo King . Westinghouse purchased CBS Inc. in 1994 for $ 5.4 billion. Westinghouse Electric Corporation changed its name to and became the original CBS Corporation in 1997. Also in 1997, the Power Generation Business Unit, headquartered in Orlando, Florida , was sold to Siemens AG of Germany. A year later, CBS sold all of its commercial nuclear power businesses to British Nuclear Fuels Limited (BNFL). In connection with that sale, certain rights to use
2256-531: Was structured such that the second Viacom was spun off from the first Viacom, which was renamed CBS Corporation. In a sense, this was a repeat of the 1971 spin-off. However, in this case, CBS retained virtually all of the prior firm's broadcast television assets, including its various syndication companies. With the split, the two companies began trading on the New York Stock Exchange (NYSE) on January 3, 2006. Investors anticipated Viacom benefiting from
2304-640: Was succeeded by the following week on September 28 by the Litton-produced CBS Dream Team . All of the programs aired within the block featured content compliant with educational programming requirements as mandated by the Federal Communications Commission via the Children's Television Act . Though the block was intended to air on Saturday mornings, like its predecessors, some CBS affiliates deferred certain programs aired within
#115884