# CBS Corporation

CBS Corporation is an other based in Broadview Heights, United States.

## Overview

- **Organization type:** other
- **Headquarters:** Broadview Heights, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1927
- **Assets under management:** Undisclosed
- **Website:** cbscorporation.com

## About

CBS Corporation is an SEC-registered investment adviser in Broadview Heights, OH. The firm manages $71 million in assets, $51 million on a discretionary basis. It has 3 employees and 3 investment advisers.

## Sectors

- Media & Entertainment

## Offices

- Bristol, CT
- Des Moines, IA

## People

- Leslie Moonves — President and CEO (former)
- Sumner Redstone — Chairman Emeritus (former)

## Questions

### Who controlled CBS Corporation?

CBS was majority-controlled by National Amusements, the holding company for Sumner and Shari Redstone. Sumner Redstone held voting control through Class A shares until 2016, when Shari assumed effective control (per the firm's proxy statement, 2016).

### What operational assets did CBS Corporation own?

CBS Corporation's primary operations included the CBS broadcast network, CBS Television Studios, Showtime Networks, CBS Sports, CBS News, CBS Radio, the CW Network (50% with Warner Bros.), and Simon & Schuster publishing (per the firm's 2018 annual report).

### Why did CBS and Viacom separate in 2006?

Sumner Redstone orchestrated the split to unlock shareholder value, separating the faster-growing cable assets and film studio (Viacom) from the broadcast network and publishing (CBS). The split was completed December 31, 2005 (per SEC filings).

### How did CBS Corporation fund its operations?

CBS generated substantial free cash flow from advertising revenue (primarily from the broadcast network), affiliate fees from cable and satellite distributors, content licensing and syndication, and publishing revenue. The company maintained investment-grade credit and returned cash via dividends and stock buybacks (per the firm's 2018 annual report).

### What role did Shari Redstone play at CBS?

Shari Redstone was a director on the CBS board and held controlling voting power through National Amusements. She was instrumental in the 2019 merger with Viacom, asserting control after Sumner Redstone's health declined (per The New York Times, 2018).

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Last updated: 2026-06-03T20:00:00.000Z

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