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CBS Corp. operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through following segments: Entertainment, Cable Networks, Publishing, and Local Media. Read More The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films as well as the Company's digital streaming services, CBS All Access and CBSN. The Cable Networks includes Showtime Networks, CBS Sports Network, and Smithsonian Networks. The Publishing segment manages the Simon & Schuster's consumer book publishing business with imprints such as Simon & Schuster, Pocket Books, Scribner, and Atria Books. The Local Media segment handles the CBS Television Stations, and CBS Local Digital Media, with revenues generated primarily from advertising sales and retransmission fees. The company was founded by Sumner Murray Redstone in 1986 and is headquartered in New York, NY.
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LionsGate is still interested in selling Starz to CBS — then might have to merge with MGM to stay relevant
It's the great media paradox: while the amount of content expands, the number of traditional media companies keeps shrinking. CBS is expected to continue talks in the coming weeks with Lions Gate about buying Starz, the premium entertainment network LionsGate owns, according to people familiar with the matter. CBS made a preliminary $5 billion offer for the premium channel, which was rejected, CNBC confirmed last week after The Information first reported the talks. No banks have been hired yet, as talks ar...
Yahoo FinanceMay 21
A Tale of 2 Acquisitions, With High Drama in Mergerland
When it comes to mergers and acquisitions, nothing is ever certain until the deal closes -- or sometimes, much later -- which means investors are always left to make their best guesses.
Expected Aug 1, After Hours