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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.
New York, New York
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Seeking AlphaMay 17
Lions Gate countered Starz offer with $5.5B request - Reuters
Lions Gate closed sharply higher today (LGF.A +14.7% , LGF.B +12.5% ) after The Information's report that CBS made an informal offer for the Starz cable operation that was rebuffed.
Wall Street JournalMay 17
CBS Floated Offer of About $5 Billion for Starz
CBS Corp. CBS -0.02% has had talks with Lions Gate Entertainment Corp. LGF.B 12.49% about acquiring its pay-TV channel Starz, according to people familiar with the matter. The talks between the two companies started in recent weeks and a price of about $5 billion was floated by CBS, one of the people close to the situation said. The CBS board of directors also gave a green light to the company to pursue the acquisition, another person said. No formal offer has been made by CBS and nothing is imminent, ano...