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CBS Corporation Updates 2008 Guidance

NEW YORK, Oct. 10 /PRNewswire-FirstCall/ -- CBS Corporation (NYSE: CBS.A and CBS) today revised its business outlook for the full year 2008. The continued economic slowdown in the United States has adversely affected advertising revenues across the Company's businesses, primarily at the local level, and the effects of the current financial crisis are likely to cause further declines in advertising...

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YouTube Steps On Hulu’s Toes; Streaming Full CBS TV Shows

CBS Corporation (NYSE:CBS) has made an agreement to put full TV shows on Google Inc. (NASDAQ:GOOG) subsidiary, YouTube. Google has been selling many TV shows on Google Video for a price in the last few years. When that model didn’t work out, they bought out YouTube. Now that TV shows are streaming for free [...]

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National Amusements to Sell Portion of Non-Voting Viacom and CBS Shares

DEDHAM, Mass.--(BUSINESS WIRE)--National Amusements Inc. (NAI), the company controlled by Sumner Redstone that holds his controlling interest in Viacom and CBS Corporation, announced today

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CBS Corporation to Hold Investor Conference to Discuss CBS Interactive Business

CBS President and CEO Leslie Moonves, CBS Interactive CEO Quincy Smith and CBS Interactive President Neil Ashe to Host Presentation and Q&A NEW YORK, Sept. 26 /PRNewswire-FirstCall/ -- CBS Corporation (NYSE: CBS and CBS.A) announced that it will host an investor conference to discuss the Company's Interactive business on Tuesday, Oct. 7, 2008. The event will feature Leslie Moonves, President and...

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Netflix Partners with CBS and Disney For Streaming TV Shows

Netflix, Inc. (NASDAQ:NFLX) has made a deal with CBS Corporation (NYSE:CBS) and The Walt Disney Company (NYSE:DIS). The agreement is that Netflix members will be able to watch shows appearing on Disney and CBS the day after they air on TV. This means if you are a fan of How I Met Your Mother [...]

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Moonves: We don’t need cable, we’ve got the ‘Net!

CBS Corporation CEO Leslie Moonves appeared on CNBC Friday to talk about the company’s direction and future (video link). CBS doesn’t have a lot in the way of cable networks, with Showtime being its lone outlet (its former cable cousins split off into Viacom about two years ago). Moonves says he doesn’t need a big [...]

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CBS Corporation President and Chief Executive Officer Leslie Moonves to Participate in the Goldman Sachs Communacopia XVII Conference

NEW YORK, Sept. 2 /PRNewswire-FirstCall/ -- CBS Corporation (NYSE: CBS and CBS.A) announced that Leslie Moonves, President and Chief Executive Officer, will participate in a question-and-answer session at the Goldman Sachs Communacopia XVII Conference on Wednesday, Sept. 17, 2008. The session will begin at 2:55 PM, ET. An audio webcast of the session can be accessed here. A replay of the audio webcast...

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CBS Corporation to Report Third Quarter 2008 Earnings on Thursday, October 30

NEW YORK, Aug. 28 /PRNewswire-FirstCall/ -- CBS Corporation (NYSE: CBS.A and CBS) announced today that it will report results for the third quarter of 2008 on Thursday, October 30, 2008. The Company will conduct a teleconference call at 8:30 AM, ET, following the release of its earnings announcement. The call is open to the general public. The domestic conference call number is (888) 205-6875; please...

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Big Media Companies Embracing YouTube As An Advertising Opportunity

Google Inc. (NASDAQ:GOOG) subsidiary, YouTube has been making friends out of their enemies recently. Big shot movie companies like CBS Corporation (NYSE:CBS), General Electric Company (NYSE:GE) NBC, and News Corporation (NYSE:NWS.A) FOX are now embracing YouTube as a medium for advertising. Hulu, an online video destination featuring television shows from CBS, NBC, and FOX, is [...]

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CBS Corporation Q2 2008 Earnings Call Transcript

CBS Corporation (CBS) Q2 2008 Earnings Call Complete Story »

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CBS Corporation Reports Second Quarter 2008 Results

Revenues Up 1% to $3.4 Billion Net Earnings Up 1% to $408 Million Diluted EPS Up 11% to $.61 Per Share First Half Free Cash Flow of $1.4 Billion Up 6% Free Cash Flow of $464 Million For the Quarter Company to Divest 50 Mid-size Market Radio Stations NEW YORK, July 31 /PRNewswire-FirstCall/ -- CBS Corporation (NYSE: CBS.A and CBS) today reported results for the second quarter ended June 30, 2008. ...

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TCP, Inc. Joins CBS Corporation and EcoMedia to "Green" Schools in Three U.S. Cities

AURORA, Ohio--(BUSINESS WIRE)--Energy efficient lighting innovator TCP, Inc. announces its exclusive partnership with CBS Corporation and EcoMedia, an environmental media company, to serve

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CBS Shows Now Available In HD on CBS.com; Intel Signs On As Exclusive Ad Launch Partner

CBS Corporation (NYSE:CBS) is launching a new service called CBS HD Gallery on CBS.com. Intel Corporation (NASDAQ:INTC) is the exclusive launch partner of the CBS HD Gallery. The CBS HD Gallery will include full episodes of CSI, Survivor, How I Met Your Mother, The Amazing Race, Big Brother, and The Big Bang Theory. “The HD Gallery represents [...]

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Adam Townsend Named Executive Vice President, Investor Relations for CBS Corporation

NEW YORK, July 22 /PRNewswire-FirstCall/ -- Adam Townsend has been named Executive Vice President, Investor Relations for CBS Corporation (NYSE: CBS.A and CBS), it was announced today by Leslie Moonves, President and CEO, CBS Corporation and Marty Shea, Executive Vice President, Investor Relations, who has led CBS Investor Relations since CBS became a stand-alone company in January 2006. An experienced...

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Third Circuit Court of Appeals Ruling in the Matter of CBS Corporation v. Federal Communications Commission

Ruling Invalidates an FCC Decision and Fine in Connection With an Incident During the Halftime Show of the 2004 Super...