10 Facts About CBS Corporation


Second incarnation of CBS Corporation was an American multinational media conglomerate with interests primarily in commercial broadcasting, publishing, and television production.

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The spin-off was structured so that CBS Corporation would be the legal successor to the first Viacom, with the second Viacom being an entirely separated company.

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CBS Corporation comprised the over-the-air television broadcasting, television production and distribution, publishing, pay-cable, and recording assets that were previously owned by the first Viacom.

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However, in this case, CBS Corporation retained virtually all of the prior firm's broadcast television assets, including its various syndication companies.

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Investors anticipated Viacom benefiting from 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.

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Tribune Broadcasting and CBS Corporation contributed its stations as new network affiliates.

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CBS Corporation is swapping the stations and US$170 million in cash for 7.

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CBS Corporation hired Electric Sheep to develop some projects, including the creation of "The L-Word in Second Life".

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CBS Corporation shot a commercial within the virtual world Second Life to promote its show Two and a Half Men.

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CBS Corporation accused Redstone of discouraging Verizon Communications from acquiring it, which could have been beneficial to its shareholders.

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