Profile: CBS Corp (CBS)
17 Feb 2017
CBS Corporation, incorporated on November 10, 1986, is a mass media company. The Company's segments include Entertainment, Cable Networks, Publishing and Local Broadcasting. The Company operates businesses, which span the media and entertainment industries, including the CBS Television Network, cable networks, content production and distribution, television and radio stations, Internet-based businesses and consumer publishing.
The Company's Entertainment segment consists of the CBS Television Network; CBS Television Studios and CBS Global Distribution Group (composed of CBS Studios International and CBS Television Distribution), the Company's television production and syndication operations; CBS Interactive, the Company's online content networks for information and entertainment, and CBS Films, the Company's producer and distributor of theatrical motion pictures. The CBS Television Network through CBS Entertainment, CBS News and CBS Sports distributes a schedule of news and public affairs broadcasts, sports and entertainment programming to approximately 200 domestic affiliates reaching throughout the United States, including over 20 of the Company's owned and operated television stations, and to affiliated stations in certain United States territories.
The Company's CBS Entertainment is responsible for acquiring or developing and scheduling the entertainment programming presented on the CBS Television Network, which includes primetime comedy and drama series, reality-based programming, specials, children's programs, daytime dramas, game shows and late-night programs. CBS News operates a news organization, providing the CBS Television Network and the CBS Radio Network with regularly scheduled news and public affairs broadcasts, including 60 Minutes, 48 Hours Mystery, CBS Evening News with Scott Pelley, CBS This Morning, CBS Sunday Morning and Face the Nation, as well as special reports. CBS News also provides CBS Newspath, a television news syndication service that offers daily news coverage, sports highlights and news features to the CBS Television Network affiliates and other subscribers worldwide. CBS Sports broadcasts on the television network include The National Football League (NFL) Today, Professional Golfers Association (PGA) Tour Golf Tournaments, the Masters, the PGA Championship and certain games from the National Collegiate Athletic Association (NCAA) Division I Men's Basketball Tournament, regular-season college football, including the Southeastern Conference, and regular-season college basketball games, in addition to the NFL's American Football Conference (AFC) regular-season, post-season divisional playoff and championship games.
CBS Television Network content is exhibited through the Internet, including through CBS.com; CBS All Access, the Company's digital streaming subscription service, and CBSN, the Company's live digital streaming advertiser-supported news network available around the clock. CBS All Access and CBSN are available at CBS.com and CBSNews.com, and through CBS software applications on various digital platforms, including Android, iPhone Operating System (iOS) and Windows 8 mobile platforms, and Amazon Fire TV, Android TV, Apple TV, Chromecast, Roku and Xbox connected device platforms. The CW, a broadcast network and the Company's 50/50 joint venture with Warner Bros. Entertainment, airs programming, including The Vampire Diaries, Jane the Virgin and Reign.
CBS Television Studios and CBS Global Distribution Group produce, acquire and distribute programming across the world, including series, specials, news and public affairs. The programming is produced for broadcast on network television, exhibition on basic cable and premium subscription services or distribution through first-run syndication. First-run syndication is programming exhibited on television stations without prior exhibition on a network or cable service. The Company distributes programming after its initial exhibition on a network, basic cable network or premium subscription service for domestic exhibition on television stations, cable networks or video-on-demand services (known as off-network syndicated programming). Off-network syndicated programming and first-run syndicated programming distributed domestically, as well as programming distributed internationally, can sometimes be sold in successive cycles of sales known as first cycle and second cycle sales.
The Company, through Lionsgate, owns and operates the entertainment cable network, Pop. The Company, through a subsidiary of AMC Networks Inc., owns and operates approximately six channels in the United Kingdom and Ireland, including CBS Action, CBS Drama, CBS Reality and Horror Channel. The Company, through another subsidiary of AMC Networks, owns and operates approximately nine cable and satellite channels in Europe, the Middle East and Africa broadcasting CBS programming and branded as CBS Action, CBS Drama, CBS Reality and CBS Europa. In Australia, the Company, through subsidiary of Ten Network Holdings Limited, provides content to ELEVEN, a digital television channel service. The Company, through RTL Group, owns and operates over two cable channels in Southeast Asia in English and local languages, RTL CBS Entertainment and RTL CBS Extreme. CBS Interactive is a publisher of premium content on the Internet, delivering this content through Web properties, mobile properties and CBS applications on mobile, as well as Internet-connected television and other device platform applications. CBS Interactive's brands include CNET, CBS.com, CBSSports.com, GameSpot, TVGuide.com, TV.com, CBSNews.com, ZDNet, Last.fm and MetroLyrics.com, among others, serves targeted audiences with text, video, audio, and mobile content spanning technology, entertainment, sports, news, business, gaming and music categories. In addition to its United States-based business, CBS Interactive operates in Asia, Australia and Europe.
CBS Interactive owns and operates digital properties, including CNET, a digital property for technology and consumer electronics information and featuring news, reviews, downloads and instructional and entertaining video and audio shows about technology; CNET en Espanol, which delivers CNET.com's information in the United States to Spanish speakers; TVGuide Digital, which provides information about television programming; GameSpot, a gaming information digital property providing video game reviews and previews, news, eSports, Webcasts, videos and game downloads; CBSSports Digital, which provides sports content, fantasy sports, community and e-commerce features, and also owns and operates MaxPreps; Last.fm, which is a music recommendation, discovery and social networking property; MetroLyrics.com, which is a database for song lyrics online, and TV.com, which serves entertainment and community around television where visitors can watch videos and discuss and obtain information about television shows across all networks. CBS Interactive operates CBS.com, the online destination for CBS Television Network programming.
The Company offers a CBS application for on-demand streaming of various programs from the Company's network programming and library to users on various digital platforms. CBS Interactive operates CBS All Access, which offers on-demand selection of CBS Television Network content, both current programming and library, as well as the ability to stream live programming from local CBS Television Stations. Through the CBS Audience Network, the Company delivers video content from its digital properties and television, radio and affiliated stations under an advertiser-supported distribution model to third-party digital properties. The Company's content available online includes full episodes, clips and highlights based on CBS, CBS Sports Network and Showtime Networks programming, as well as original made-for-the-Web content.
The Company's Cable Networks segment is composed of Showtime Networks, which operates the Company's subscription program services, including a digital streaming subscription offering; CBS Sports Network, the Company's cable network focused on college athletics and other sports, and Smithsonian Networks, a venture with Smithsonian Institution, which operates Smithsonian Channel and a digital streaming subscription service. Showtime Networks owns and operates approximately three subscription program services in the United States: Showtime, offering original series, recently released theatrical feature films, documentaries, boxing and other sports-related programming, and special events; The Movie Channel, offering recently released theatrical feature films and related programming; Flix, offering theatrical feature films, and a digital streaming subscription offering of the Showtime service.
Showtime Networks also owns and operates multiplexed channels of Showtime and The Movie Channel in the United States, which offer additional and varied programming choices. Showtime Networks makes versions of Showtime, The Movie Channel and Flix available on demand, enabling subscribers to watch individual programs at their convenience. Showtime Networks also makes available Showtime Anytime, a version of Showtime, which can be accessed on computers through showtimeanytime.com or through certain Internet-connected devices through a Showtime Anytime app free of charge to Showtime subscribers as part of their Showtime subscription through participating Showtime Networks' distributors. Through Showtime Anytime, Showtime subscribers can view on demand programming, as well as the live telecast of the east and west coast feeds of Showtime. Showtime Networks additionally operates the Website SHO.com and various applications, which promote Showtime, The Movie Channel and Flix programming, and provide information and entertainment and other services. This offering features current and classic original Showtime series, theatrical feature films, documentaries and sports-related programming, as well as the live east and west coast linear feeds of Showtime, and is available at showtime.com, through the Showtime application on various digital platforms, including Amazon Fire TV, Apple TV, Chromecast and Roku connected device platforms, and as an add-on subscription to Amazon Prime or Hulu services or through Sony's PlayStation Vue's cloud-based television service.
CBS Sports Network is an around the clock cable program service that provides sports and related content, with a focus on college sports. The network televises over 580 live professional, amateur, semi-professional and collegiate events annually, highlighted by Division I college football, basketball, hockey and lacrosse, as well as professional bull riding (PBR), professional lacrosse (MLL), arena football (AFL) and various styles of motor sports events (including asphalt, dirt and off road racing).
The Company's Publishing segment consists of Simon & Schuster, which publishes and distributes consumer books in the United States and internationally. Simon & Schuster publishes and distributes adult and children's consumer books in printed, digital and audio formats in the United States and internationally. Its digital formats include electronic books and audio books. Simon & Schuster's major adult imprints include Simon & Schuster, Pocket Books, Scribner, Atria Books, Gallery Books, Touchstone, Threshold Editions and Howard Books. Simon & Schuster's major children's imprints include Simon Pulse, Aladdin, Atheneum Books for Young Readers, Margaret K. McElderry Books, Saga Press and Simon & Schuster Books For Young Readers. Simon & Schuster also develops special imprints and publishes titles based on the products of certain CBS businesses, as well as that of third parties and distributes products for other publishers.
Simon & Schuster distributes its products directly and through third parties. Simon & Schuster also delivers content and promotes its products on its own Websites, social media, general Internet sites, as well as those dedicated to individual titles. Its created assets include online videos showcasing Simon & Schuster authors and new releases on AOL, Scripps Lifestyle Networks, SimonandSchuster.com, YouTube and other sites, as well as online video courses led by authors made available for sale to consumers. International publishing includes the international distribution of English-language titles through Simon & Schuster UK, Simon & Schuster Canada, Simon & Schuster Australia, Simon & Schuster India and other distributors, as well as the publication of locally originated titles by its international companies.
The Company's Local Broadcasting segment is composed of CBS Television Stations, the Company's approximately 30 owned broadcast television stations, and CBS Radio, through which the Company owns and operates over 120 radio stations in approximately 30 United States markets and related online properties. The Company operates local digital properties in United States markets, including New York, Los Angeles, Chicago, San Francisco and Dallas, which combine the Company's television and radio local media brands online to provide the latest news, traffic, weather, and sports information, as well as local discounts, directories and reviews to serve the local community.
The Company owns approximately 30 broadcast television stations through its CBS Television Stations group. The Company owns a range of television stations within the same designated market area (DMA) in over 10 major markets. These multiple station markets are New York, Los Angeles, Philadelphia, Dallas-Fort Worth, San Francisco-Oakland-San Jose, Boston, Detroit, Miami-Ft. Lauderdale, Sacramento-Stockton-Modesto and Pittsburgh. The stations produce news and broadcast public affairs, sports and other programming to serve their local markets and offer CBS, The CW or MyNetworkTV programming and syndicated programming. The Company's television station Websites, many of which are combined with certain Websites of the Company's radio stations in co-located markets, are operated by CBS Local Digital Media and promote the stations' programming, as well as provide news, information, entertainment and other services.
The Company's radio station Websites, many of which are combined with certain of the Company's television station Websites in co-located markets, are operated by CBS Local Digital Media and promote and stream simultaneously the stations' programming, as well as provide news, information and entertainment, and other services. Radio station programming is also streamed live on the Company's Radio.com Website and CBS Local applications. The Television Stations, Radio Stations and CBS Local Digital Media Websites include information with respect to certain of these properties within top United States television markets and radio markets. CBS Local Digital Media operates Websites for the Company's music radio stations. CBS Sports Radio Network provides national sports programming to affiliated radio stations. The network has approximately 300 affiliates across the United States and in Canada. Cumulus Media, as CBS Sports Radio Network's syndicator, is responsible for securing radio station affiliates and for the network's advertising sales.
The Company competes with The Walt Disney Company, NBCUniversal Media, LLC, Twenty-First Century Fox, Inc., Time Warner Inc., Cumulus Media Inc., iHeartMedia, Inc., ABC, The CW, MyNetworkTV, Sony, AOL, MSN, Yahoo!, Google, Bing, Amazon.com, ESPN.com, HBO GO, Hulu, Netflix, Entertainment Inc., Paramount Pictures Corporation, Lions Gate Entertainment, The Weinstein Company, Metro-Goldwyn-Mayer Studios Inc., Lakeshore Entertainment Group, Home Box Office, Inc., Starz, LLC, Discovery Channel, National Geographic Channel, History, Penguin Random House, Hachette, HarperCollins, Emmis Communications Corporation, Entercom Communications Corp., Radio One, Inc., Pandora, Spotify, Rhapsody and Sirius XM Holdings Inc.
51 W 52nd St Fl 35
NEW YORK NY 10019-6119