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CBS Broadcasting Inc., commonly shortened to CBS (an abbreviation of its original name, Columbia Broadcasting System), is an American commercial broadcast television and radio network serving as the flagship property of the CBS Entertainment Group division of Paramount Global and is one of the company's three flagship subsidiaries, along with namesake Paramount Pictures and MTV.
CBS was founded as a radio network in 1927 and then expanded to television in the 1940s. Although it primarily remained an independent company throughout most of the 20th century, Paramount Pictures temporarily held a 49 percent ownership stake from 1929 to 1932.
It was the world's eighth largest entertainment company in terms of revenue and headquartered at the CBS Building in Midtown Manhattan, New York City. [4] CBS Corporation announced on August 13, 2019, that it would merge with Viacom for the second time to form ViacomCBS (now known as Paramount Global ). [5]
William Samuel Paley (September 28, 1901 – October 26, 1990) [1] was an American businessman, primarily involved in the media, and best known as the chief executive who built the Columbia Broadcasting System ( CBS) from a small radio network into one of the foremost radio and television network operations in the United States. [2]
The Westinghouse Electric Corporation (later CBS Corporation) was an American manufacturing company founded in 1886 by George Westinghouse. It was originally named "Westinghouse Electric & Manufacturing Company" and was renamed "Westinghouse Electric Corporation" in 1945. The company acquired the CBS television network in 1995 and was renamed ...
Founded: September 18, 1927; 96 years ago () Headquarters: CBS Broadcast Center ... CBS News is the news division of the American television and radio broadcaster CBS.
Along with NBC and CBS, ABC is one of the traditional "Big Three" American television networks. ABC was founded as a radio network in 1943 as the successor to the NBC Blue Network . It extended its operations to television in 1948, following in the footsteps of established broadcast networks CBS , NBC , and the lesser-known DuMont .
CBS was founded in 1927, which Paramount Pictures held a 49 percent ownership stake in from 1929 to 1932. [10] [11] In 1952, CBS formed CBS Television Film Sales, a division which handled syndication rights for CBS's library of network-owned television series.