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CBS Corp (CBS.N)

CBS.N on New York Stock Exchange

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21 Jun 2019
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Latest Key Developments (Source: Significant Developments)

CBS Is Planning Offer For Sister Company Viacom - WSJ
Tuesday, 18 Jun 2019 

June 18 (Reuters) - :CBS IS PLANNING OFFER FOR SISTER COMPANY VIACOM - WSJ.REPRESENTATIVES OF CBS AND VIACOM HAVE ALREADY HAD PRELIMINARY DISCUSSIONS ABOUT THE OUTLINES OF A DEAL - WSJ, CITING A SOURCE.VIACOM CHIEF EXECUTIVE BOB BAKISH IS WIDELY BELIEVED TO BE IN POLE POSITION TO BECOME CEO OF THE COMBINED COMPANY - WSJ.  Full Article

CBS And Tegna Renew Affiliation Agreement
Thursday, 6 Jun 2019 

June 6 (Reuters) - CBS Corp ::CBS AND TEGNA RENEW AFFILIATION AGREEMENT.TEGNA INC - ANNOUNCED A COMPREHENSIVE, MULTI-YEAR DEAL THAT RENEWS STATION AFFILIATION AGREEMENTS FOR 11 TEGNA MARKETS NATIONWIDE.TEGNA INC - 11 MARKETS RENEWED COVER 10% PERCENT OF U.S. AUDIENCE AND NEARLY 11 MILLION HOUSEHOLDS..TEGNA INC - TEGNA CBS AFFILIATES ARE ALSO LOCALLY AVAILABLE TO SUBSCRIBERS OF CBS ALL ACCESS.  Full Article

CBS Prepares For Talks With Viacom, Which Are Expected To Begin Mid-June- CNBC
Thursday, 30 May 2019 

May 30 (Reuters) - :CBS PREPARES FOR TALKS WITH VIACOM, WHICH ARE EXPECTED TO BEGIN MID-JUNE- CNBC.  Full Article

Cbs Sets Quarterly Dividend Of $0.18/Share
Wednesday, 29 May 2019 

May 29 (Reuters) - CBS Corp ::SETS QUARTERLY DIVIDEND OF $0.18PER SHARE.  Full Article

CBS And Lions Gate Expect To Continue Sale Talks Of Starz In The Coming Weeks - CNBC, Citing Sources
Tuesday, 21 May 2019 

May 21 (Reuters) - :CBS AND LIONS GATE EXPECT TO CONTINUE SALE TALKS OF STARZ IN THE COMING WEEKS - CNBC, CITING SOURCES.  Full Article

CBS Corp Reports Q1 Adjusted Earnings Per Share $1.37
Thursday, 2 May 2019 

May 2 (Reuters) - CBS Corp ::ORATION REPORTS FIRST QUARTER 2019 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $1.37.Q1 EARNINGS PER SHARE $4.21.Q1 REVENUE ROSE 11 PERCENT TO $4.2 BILLION.IN TWO WEEKS WE'LL BE UNVEILING A WHOLE NEW LINEUP OF HIT SHOWS ON CBS TELEVISION NETWORK.QTRLY ENTERTAINMENT REVENUE $3,176 MILLION VERSUS $2,753 MILLION.QTRLY ADVERTISING REVENUES $2,044 MILLION VERSUS $1,733 MILLION.QTRLY AFFILIATE AND SUBSCRIPTION FEES REVENUE $1,111 MILLION VERSUS $979 MILLION.IN Q1 2019, A GAIN OF $549 MILLION ON SALE OF CBS TELEVISION CITY & CHARGES RELATING TO A RESTRUCTURING PLAN INITIATED DURING QUARTER.IN QUARTER, RESTRUCTURING CHARGES INCLUDES $108 MILLION ($81 MILLION, NET OF TAX) AT ENTERTAINMENT, CABLE NETWORKS, PUBLISHING, LOCAL MEDIA.TOTAL NUMBER OF SUBS ACROSS TRADITIONAL MVPDS, VIRTUAL MVPDS & DIRECT-TO-CONSUMER SERVICES ONCE AGAIN "GREW STRONGLY" DURING THE QUARTER.  Full Article

CBS Corp's Former Chairman Leslie Moonves' 2018 Compensation Was $47.1 Mln Versus $69.3 Mln In 2017
Friday, 12 Apr 2019 

April 12 (Reuters) - CBS Corp ::CBS CORP - FORMER CHAIRMAN LESLIE MOONVES' 2018 COMPENSATION WAS $47.1 MILLION VERSUS $69.3 MILLION IN 2017.CBS CORP SAYS PRESIDENT ACTING CEO JOSEPH IANNIELLO'S TOTAL COMPENSATION WAS $27.4 MILLION FOR THE PERIOD BETWEEN SEPTEMBER 9, 2018 AND DECEMBER 31, 2018.CBS CORP - RATIO OF THE ANNUAL TOTAL COMPENSATION OF THE ACTING CEO TO THE ANNUAL TOTAL COMPENSATION OF THE MEDIAN EMPLOYEE WAS 263 TO 1.CBS - NATIONAL AMUSEMENTS ADVISED IT INTENDS TO VOTE ITS SHARES OF CLASS A STOCK IN ACCORDANCE WITH BOARD RECOMMENDATIONS ON ELECTION OF DIRECTORS.  Full Article

CBS says Expects To Record Restructuring Charge In Q1 Of 2019
Friday, 15 Feb 2019 

Feb 15 (Reuters) - CBS Corp ::INITIATED RESTRUCTURING PLAN UNDER WHICH SEVERANCE PAYMENTS WILL BE PROVIDED TO CERTAIN ELIGIBLE EMPLOYEES WHO ELECT TO PARTICIPATE.AS RESULT, COMPANY EXPECTS TO RECORD RESTRUCTURING CHARGE IN Q1 OF 2019 - SEC FILING.HAD EXPENSES OF $128 MILLION IN 2018 PRIMARILY FOR FEES RELATED TO LEGAL PROCEEDINGS, INVESTIGATIONS AT CO, EVALUATION OF POTENTIAL DEAL WITH VIACOM.  Full Article

CBS Board Going To Consider Whether To Restart Talks To Merge With Viacom - The Information
Tuesday, 8 Jan 2019 

Jan 8 (Reuters) - :CBS'S BOARD GOING TO CONSIDER WHETHER TO RESTART TALKS TO MERGE WITH VIACOM - THE INFORMATION.MERGER PLAN MAY PROMPT CBS TO PUT OFF ITS CEO SEARCH AND INSTEAD STICK WITH INTERIM CEO JOE IANNIELLO PENDING COMPLETION OF MERGER- THE INFORMATION.  Full Article

CBS Corp Announces Agreement To Sell CBS Television City
Monday, 10 Dec 2018 

Dec 10 (Reuters) - CBS Corp ::PRESS RELEASE - CBS CORPORATION ANNOUNCES AGREEMENT TO SELL CBS TELEVISION CITY.CBS CORP - DEAL FOR FOR $750 MILLION.CBS CORP - TRANSACTION WILL BE TAX EFFICIENT.CBS CORP - CBS PROGRAMS WILL CONTINUE TO BE PRODUCED ON TELEVISION CITY CAMPUS FOR AT LEAST NEXT FIVE YEARS.CBS CORP - AGREEMENT FOR SALE OF CBS TELEVISION CITY PROPERTY AND SOUND STAGE OPERATION WITH HACKMAN CAPITAL PARTNERS FOR $750 MILLION.CBS CORP - HACKMAN CAPITAL WILL ALSO HAVE RIGHTS TO USE TELEVISION CITY TRADEMARK IN CONNECTION WITH ITS OPERATIONS ON PROPERTY.CBS CORP - TO RETAIN OFFICE SPACE FOR CBS STUDIOS INTERNATIONAL'S U.S. HEADQUARTERS, OTHER DEPARTMENTS CURRENTLY HOUSED ON SITE.  Full Article

PRESS DIGEST -Wall Street Journal - June 19

June 19 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.