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CBS Corp (CBS.N)

CBS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

CBS Says Moonves To Demand Binding Arbitration Related To His Termination
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - CBS Corp ::ON JANUARY 16, 2019, MOONVES NOTIFIED COMPANY OF HIS ELECTION TO DEMAND BINDING ARBITRATION WITH RESPECT TO MATTER.BOARD HAD COMPLETED ITS INVESTIGATION OF COMPANY'S FORMER CHAIRMAN OF BOARD, PRESIDENT AND CHIEF EXECUTIVE OFFICER, LESLIE MOONVES.DOES NOT INTEND TO COMMENT FURTHER ON MOONVES MATTER DURING PENDENCY OF ARBITRATION PROCEEDINGS.  Full Article

CBS Corp - Appointed David Byrnes As Senior Vice President, Controller And Chief Accounting Officer
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - CBS Corp ::CBS CORP - ON JAN 8, APPOINTED DAVID BYRNES AS CO'S SENIOR VICE PRESIDENT, CONTROLLER AND CHIEF ACCOUNTING OFFICER, EFFECTIVE FEBRUARY 20, 2019.CBS CORP - APPOINTED LAWRENCE LIDING TO A NEWLY CREATED ROLE AS HEAD OF OPERATIONS IN CHINA.CBS CORP - DAVID BYRNES SUCCEEDS LAWRENCE LIDING IN ROLE OF COMPANY'S PRINCIPAL ACCOUNTING OFFICER.  Full Article

Former Disney COO Tom Staggs Emerges as Top Candidate for CBS CEO Job - WSJ
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - :FORMER DISNEY COO TOM STAGGS EMERGES AS TOP CANDIDATE FOR CBS CEO JOB- WSJ.  Full Article

CBS Says Moonves To Not Receive Any Severance Payment
Monday, 17 Dec 2018 

Dec 17 (Reuters) - CBS Corp ::CBS CORP - MOONVES WILL NOT RECEIVE ANY SEVERANCE PAYMENT FROM THE COMPANY.CBS CORP - INVESTIGATORS CONCLUDED THAT "HARASSMENT AND RETALIATION ARE NOT PERVASIVE AT CBS".CBS CORP - BOARD OF DIRECTORS OF CBS COMPLETED ITS INVESTIGATION OF FORMER CHAIRMAN AND CEO LESLIE MOONVES, CBS NEWS, AND CULTURAL ISSUES AT CBS.CBS - INVESTIGATION DETERMINED RESOURCES DEVOTED TO CO'S HUMAN RESOURCES FUNCTION, TO TRAINING & DEVELOPMENT, TO DIVERSITY & INCLUSION INITIATIVES "INADEQUATE".CBS - HAS RETAINED OUTSIDE EXPERT ADVISORS TO DEVELOP OTHER INITIATIVES FOR PROMOTING WORKPLACE CULTURE OF DIGNITY, TRANSPARENCY, RESPECT,INCLUSION.CBS - INVESTIGATORS LEARNED OF "PAST INCIDENTS OF IMPROPER AND UNPROFESSIONAL CONDUCT" AT CO.CBS CORP - APPOINTED A NEW CHIEF PEOPLE OFFICER.CBS- INVESTIGATORS CONCLUDED CO'S HISTORICAL POLICIES, PRACTICES, STRUCTURES "HAVE NOT REFLECTED A HIGH INSTITUTIONAL PRIORITY ON PREVENTING HARASSMENT AND RETALIATION".CBS CORP - BOARD, CO'S NEW MANAGEMENT HAVE ALREADY BEGUN TO TAKE ROBUST STEPS TO "IMPROVE WORKING ENVIRONMENT FOR ALL EMPLOYEES".CBS- EMPLOYEES CITED PAST INCIDENTS IN WHICH HR, CO "DID NOT HOLD HIGH PERFORMERS ACCOUNTABLE FOR THEIR CONDUCT AND PROTECT EMPLOYEES FROM RETALIATION".CBS - DETERMINED THERE ARE GROUNDS TO TERMINATE MOONVES FOR CAUSE.CBS - WITH REGARD TO MOONVES, "DETERMINED THERE ARE GROUNDS TO TERMINATE FOR CAUSE".  Full Article

CBS Sets Quarterly Dividend Of $0.18 Per Share
Monday, 5 Nov 2018 

Nov 5 (Reuters) - CBS Corp ::SETS QUARTERLY DIVIDEND OF $0.18 PER SHARE.  Full Article

CBS Corporation Reports Q3 Adjusted Earnings Per Share $1.24
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - CBS Corp ::ORATION REPORTS THIRD QUARTER 2018 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $1.24.Q3 EARNINGS PER SHARE $1.29 FROM CONTINUING OPERATIONS.Q3 REVENUE $3.26 BILLION VERSUS I/B/E/S VIEW $3.24 BILLION.Q3 EARNINGS PER SHARE VIEW $1.22 -- THOMSON REUTERS I/B/E/S.QTRLY ADVERTISING REVENUE $1,263 MILLION VERSUS $1,106 MILLION REPORTED LAST YEAR.QTRLY AFFILIATE AND SUBSCRIPTION FEES REVENUE $1,008 MILLION VERSUS $1,145 MILLION REPORTED LAST YEAR.QTRLY ENTERTAINMENT REVENUE $2,151 MILLION VERSUS $1,815 MILLION REPORTED LAST YEAR.REMAIN ON TRACK TO ACHIEVE OUR 2018 OUTLOOK.DIRECT-TO-CONSUMER STREAMING SERVICES ON TRACK TO REACH COMBINED EIGHT MILLION SUBS, A YEAR AHEAD OF ORIGINAL PROJECTIONS.  Full Article

CBS Corp Says Richard Parsons Has Resigned from his position As Interim Chairman Of Board
Sunday, 21 Oct 2018 

Oct 21 (Reuters) - CBS Corp ::CBS CORP SAYS RICHARD PARSONS HAS RESIGNED FROM THE CBS CORPORATION BOARD OF DIRECTORS, INCLUDING HIS POSITION AS INTERIM CHAIRMAN OF THE BOARD.CBS CORP SAYS STRAUSS ZELNICK ELECTED NEW INTERIM CHAIRMAN OF THE BOARD.  Full Article

CBS Names Adam Townsend CFO Of Showtime Networks Inc
Friday, 19 Oct 2018 

Oct 19 (Reuters) - CBS Corp ::ADAM TOWNSEND NAMED EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, SHOWTIME NETWORKS INC..CBS CORP - TOWNSEND WILL BE REPLACING CHRISTINA SPADE, WHO NOW SERVES AS EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, CBS CORPORATION.  Full Article

David Nevins Named Chief Creative Officer, CBS Corp
Thursday, 18 Oct 2018 

Oct 18 (Reuters) - CBS Corp ::DAVID NEVINS NAMED CHIEF CREATIVE OFFICER, CBS CORPORATION.CBS CORP - NEVINS ALSO PROMOTED TO CHAIRMAN OF SHOWTIME NETWORKS INC..CBS CORP - NEVINS WILL REMAIN AS BUSINESS'S CHIEF EXECUTIVE OFFICER.  Full Article

Christina Spade Named Executive Vice President And CFO, CBS Corp
Thursday, 18 Oct 2018 

Oct 18 (Reuters) - CBS Corp ::CHRISTINA SPADE NAMED EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, CBS CORPORATION.CBS CORP - CHRISTINA SPADE APPOINTED AS EXECUTIVE VICE PRESIDENT AND CFO, EFFECTIVE IMMEDIATELY.  Full Article

Leslie Moonves challenges $120 mln severance denial by CBS

Jan 17 Leslie Moonves, who resigned under pressure as CEO of CBS Corp, is challenging the company's decision to deprive him of $120 million in severance pay, according to a regulatory filing on Thursday.