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CBS Corp.

CBS Corp.

Sector: Television Broadcasting Stations Region: NY, United States


: | New York Stock Exchange: CBS | New York Stock Exchange: CBS.A


Similar to: Television Française 1 SA, NRJ Group SA, Sinclair Broadcast Group, Inc.

CBS Corp. operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. The company operates through five segments: Entertainment, Cable Networks, Publishing, Local Broadcasting and Outdoor Americas. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Global Distribution Group, CBS Films and CBS Interactive. The Cable Networks segment is composed of Showtime Networks, CBS Sports Network and Smithsonian Networks. The Publishing segment is composed of Simon & Schuster, which publishes and distributes consumer books under imprints such as Simon & Schuster, Pocket Books, Scribner and Free Press. The Local Broadcasting segment is composed of CBS Television Stations and CBS Radio, through which the company owns and operates radio stations in various United States markets. The Outdoor Americas segment provides space for advertisers on various structures in North America and South America, including billboards, transit shelters and benches, buses, rail systems, mall kiosks, stadium signage, and in retail stores principally through CBS Outdoor. CBS was founded by Sumner Murray Redstone on December 31, 2005 and is headquartered in New York, NY.

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CBS Corporation

Executives

Sumner M. Redstone, Executive Chairman
Sumner M. Redstone serves as Chairman of the Board of both CBS Corporation and Viacom, roles he assumed after the separation of Viacom into two publicly traded companies, which occurred in January 2006. Mr. Redstone is the controlling shareholder of both companies.
Prior to that, Mr. Redstone had served as Chairman of the Board of Viacom since June 1987 and Chief Executive Officer of Viacom since January 1996. He became Chairman of the Board of Viacom when National Amusements, Inc. acquired a controlling interest in the New York-based company. Mr. Redstone has been Chairman of the Board of National Amusements since 1986, and Chief Executive Officer of National Amusements since July 1967. He was President of National Amusements from July 1967 to December 1999. Viacom’s operations consist of MTV Networks, BET Networks and Paramount Pictures, and include such well-known global brands as MTV, VH1, CMT, Logo, Nickelodeon, Nick at Nite, Nick Jr., TeenNick, Comedy Central, Spike TV, TV Land, BET, Rock Band, AddictingGames, Atom, Neopets, and Shockwave.
Mr. Redstone has played a significant role in the affairs of the entertainment and communications industries. He is a member of the Advisory Council for the Academy of Television Arts and Sciences Foundation and is on the Board of Trustees for The Paley Center for Media. He also served as Chairman of the Board of the National Association of Theatre Owners, and currently is a member of the Executive Committee of that organization. Before that, he was President of the Theatre Owners of America.
Mr. Redstone enjoys and takes pride in teaching college students, and been a frequent lecturer at universities including Harvard Law School, Boston University Law School and Brandeis University. While serving as a Law Clerk in the Court of Appeals, Mr. Redstone taught at the University of San Francisco. In 1982, he joined the faculty of the Boston University Law School, where he created one of the nation's first courses in entertainment law. In May 1994, Mr. Redstone received an honorary Doctor of Laws from Boston University. In 2006, Mr. Redstone also received an honorary degree from George Washington University.
Mr. Redstone devotes a large portion of his time and energy to civic and community affairs. In 2007, the Sumner M. Redstone Foundation announced charitable grants of more than $105 million to fund research and patient care advancements at FasterCures/The Center for Accelerating Medical Solutions, the Cedars-Sinai Prostate Cancer Center, Massachusetts General Hospital and to the Cambodian Children's Fund. He is a member of the Board of Overseers of the Dana-Farber Cancer Institute, and currently serves as Honorary Chairman of the Will Rogers Motion Picture Pioneers Foundation. He is a member of the Corporation of the Massachusetts General Hospital and is on the Board of Overseers of the Boston Museum of Fine Arts. He is a member of the Executive Board of the Combined Jewish Philanthropies of Greater Boston. Mr. Redstone has served as the Chairman of the Jimmy Fund (Children's Cancer Research Foundation), and was a member of the Corporation of the New England Medical Center. He is a former Chairman of the Metropolitan Division of the Combined Jewish Philanthropies.
During the Carter Administration, he was appointed a member of the Presidential Advisory Committee of the Arts for the John F. Kennedy Center for the Performing Arts, and in 1984, was appointed a Director of the Kennedy Presidential Library Foundation. He also has served as a judge on the Foundation's select committee to award the annual John F. Kennedy Profile in Courage Award, each year since the Award's inception in 1990.
Mr. Redstone began his career as Law Secretary with the U.S. Court of Appeals, and then served as a Special Assistant to the U.S. Attorney General. Subsequently, he was a partner with the law firm of Ford, Bergson, Adams, Borkland and Redstone in Washington, D.C. In 1954, he joined National Amusements, Inc., which he then organized into the successful company it is today. Based in Dedham, Massachusetts, National Amusements is one of the largest motion picture circuits in the United States.
Mr. Redstone served in the Military Intelligence Division during World War II. While a student at Harvard, he was selected by Japanese history professor Edwin Reischauer (later Ambassador to Japan) to join a special intelligence group whose mission was to break Japan's high-level military and diplomatic codes. In connection with these activities, Mr. Redstone received, among other honors, two commendations from the Military Intelligence Division in recognition of his service, contribution and devotion to duty. He is also a recipient of the Army Commendation Award.
Mr. Redstone's education began at Boston Latin School, where he graduated first in his class. In 1944, after studying for two and one-half years at Harvard College, he was awarded a degree by Harvard University's Special Board of Overseers. In 1947, Mr. Redstone received his LL.B. from the Harvard University School of Law.
Mr. Redstone’s autobiography, A Passion to Win, was published in 2001.
Leslie Moonves, President and Chief Executive Officer, CBS Corporation
Leslie Moonves is President and Chief Executive Officer of CBS Corporation, one of the world’s largest media enterprises. In this role, he oversees all operations of the Company, including the CBS Television Network, The CW (a joint venture between CBS Corporation and Warner Bros. Entertainment), CBS Television Stations, CBS Television Studios, CBS Global Distribution (CBS Studios International and CBS Television Distribution), Showtime Networks, CBS Sports Network, TVGN (a joint venture between CBS Corporation and Lionsgate), CBS Radio, CBS Outdoor, Simon & Schuster, CBS Interactive, CBS Consumer Products, CBS Home Entertainment, CBS Films and EcoMedia. Moonves came to CBS in 1995 as President of Entertainment, after serving as president of Warner Bros. Television, where his team developed hit shows like “Friends” and “ER.” Once at CBS, Moonves and his team took the network from last to first place in the ratings, launching hit shows like “Everybody Loves Raymond,” “Survivor,” and “CSI: Crime Scene Investigation.” Moonves was promoted to President and CEO of CBS Television in 1998, and became its chairman in 2003. He was later named Co-President and Co-Chief Operating Officer of Viacom and chairman of CBS in 2004, overseeing domestic and international broadcast television operations, its radio division and outdoor advertising operations.
In 2006, when Viacom split its businesses into two publicly traded companies, Moonves was named president and CEO of the newly formed CBS Corporation, which has become one of the largest and best performing companies in media, with businesses in virtually every sector. Its broadcast network, the CBS Television Network, has been #1 in viewers for 10 of the past 11 years, with NCIS, television's #1 drama; THE BIG BANG THEORY, television’s #1 comedy; ELEMENTARY, television’s #1 new series; 60 MINUTES, television’s #1 news program; and time period-leading shows on virtually every night of the week. For the 2012-2013 season, CBS was also #1 in adults 18-49 for the first time since the 1991-1992 season.
CBS’s other divisions have also been robust under Moonves’ leadership. The Company’s push to sell its shows around the world has made international syndication sales a significant revenue source for the company, with its programs now airing in more than 100 countries and growing. That emphasis on exploiting content has enabled CBS Corporation to strike lucrative, multi-year deals with the industry’s biggest distributors, including Netflix and Amazon, while greatly increasing the value of its own library. Showtime Networks have generated millions of new premium cable subscribers on the heels of edgy, critically acclaimed programming, while CBS’s acquisition of CNET, Inc. in 2008 has made it one of the largest interactive companies. By distinguishing CBS as a producer and seller of world-class content across all mediums, Moonves has helped CBS Corporation grow in value, revenue and market-share while identifying and developing key new revenue streams for future growth.
Moonves also led the Company’s 2010 purchase of EcoMedia, a company that improves local communities and their environments by pairing businesses with municipalities. The acquisition of EcoMedia continues the Company’s long-standing tradition of public service, a mandate that began when the CBS Television Network first signed on in 1928.
Moonves serves on the Board of Trustees of the Entertainment Industries Council. He is also a trustee of the National Council for Families and Television and of the American Film Institute, and is past president of the Hollywood Radio and Television Society. He is co-chair of the Los Angeles Board of Governors of the Paley Center for Media. In March 2003, Moonves was honored by the International Radio and Television Society as the recipient of the Gold Medal Award, one of most prestigious honors in media and entertainment. He is also a past recipient of the American Jewish Committee's Sherrill Corwin Award, given to outstanding leaders in the entertainment and communications industry. In 2012, Moonves was the recipient of the Producers Guild of America’s Milestone Award for lifetime achievement.
Anthony G. Ambrosio, Executive Vice President, Human Resources and Administration
Anthony Ambrosio serves as Executive Vice President, Human Resources and Administration for CBS Corporation. In this role, he manages all Human Resources functions for the company; directs administrative areas, including real estate, facilities management, security and other corporate services; and oversees labor relations functions.
Ambrosio joined CBS in March 1985 in Recruitment and Placement, and held increasingly senior Human Resources positions in Compensation, Policy, HRIS and Benefits functions. Prior to the merger of CBS Corporation with Viacom in May 2000, he served as Vice President, Human Resources, CBS Corporation. After the merger, Ambrosio was named Senior Vice President of Human Resources and Administration for CBS, Infinity Broadcasting and Viacom Outdoor.
Following both the CBS/Westinghouse merger in 1995 and the CBS/Viacom merger in 2000, Ambrosio played a key role in the efforts to integrate people, benefits programs, policies and compensation plans, as well as evaluating and implementing the many dozens of acquisitions, swaps and divestitures made in the years following the Westinghouse merger. He has also led the design, implementation and communication effort behind a number of innovative benefit program changes that have been emulated by other companies over the years.
Ambrosio is a graduate of the University of Pittsburgh (Bachelor of Arts, Economics and Political Science, 1982) and the New York University Stern School of Business (Masters of Business Administration, 1991) and is a Certified Employee Benefits Specialist (CEBS) (Wharton School of the University of Pennsylvania, 1993) and a Certified Compensation Professional (CCP) (American Compensation Association, 1993). He is a member of the Board of Directors of the American Benefits Council.
He lives with his wife and two daughters in Spring Lake, New Jersey.

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