CBS


Troubled CBS beats analyst expectations

CBS has reported growth across the board for its second quarterly earnings, beating analyst expectations, and despite recent controversy surrounding its chairman and CEO Leslie Moonves (pictured). Particular strengths included its revenue growth, which increased by 6% for the second quarter for 2018, to US$3.47 billion (€2.99 billion). This is up from $3.26 billion from […]

CBS board orders full investigation of Moonves allegations

The CBS board of directors has brought in legal firms Covington & Burlington and Debevoise & Plimpton to conduct a full investigation into recent harassment allegations against chairman and CEO Leslie Moonves and wider cultural issues at CBS. At Covington & Burling the investigation will be led by Nancy Kestenbaum, and at Debevoise & Plimpton […]

CBS board mulls Moonves’ future following sexual harassment claims

The board of CBS Corporation is set to meet today to determine how the company will formally react to recent sexual harassment allegations aimed at CBS chief Leslie Moonves. The move arrives after six women detailed cases of sexual harassment on a report published by Ronan Farrow on The New Yorker. Farrow is the same […]

CBS shareholders launch class action suit against Redstone family vehicle

CBS shareholders have officially launched a class action lawsuit against its majority stakeholder National Amusements, the investment firm of Sumner Redstone and family. The suit claims that National Amusements, now run by Redstone’s daughter Shari Redstone, has breached its fiduciary duty. Class B shareholders of CBS claim that Redstone has not acted in the company’s […]

CBS’ Moonves gets Upfronts ovation as legal battle heats up

CBS chief Leslie Moonves received a standing ovation from buyers at its Upfronts presentation last night, as the company faces a crunch after launching a lawsuit against its controlling shareholders, the Redstone family, on Monday In an atypical Upfront presentation, Moonves walked out to a standing ovation from a sizeable portion of the crowd who […]

CBS reportedly in bid for Viacom

CBS is set to make an all-stock offer for Viacom that prices the US company below its current market valuation, according to reports Reuters revealed earlier today that the “unusual” merger move may threaten negotiations that would see the two media giants reunite after 13 years. The report states that CBS chief Leslie Moonves will also […]

TDG: NBCU top channel group for US viewers

NBCUniversal networks was the group of channels that most US viewers would choose if they had to select package of five TV network groups for a ‘skinny TV plan’, according to The Diffusion Group. The research firm found that the ‘big-four’ broadcast network groups occupied the top five slots when viewers were asked which they […]

CBS launches OTT sports service

CBS in the US has launched a 24-hour streaming sports news network offering news, highlights and analysis. The free service is a collaboration between CBS Sports and CBS Interactive and uses the combined resources of CBS Sports, CBSSports.com, 247Sports, SportsLine, CBS Sports Fantasy and MaxPreps to deliver live news, game previews, post-game analysis, highlights and […]

Viacom and CBS formally explore new merger proposal

Viacom and CBS are once again formally dating – with exploratory boards created at both companies to look into a merger. Both companies yesterday released statement confirming they had each formed a special committee of independent directors to “evaluate a potential combination” with the other. Previous attempts at merging the two US media giants, which […]

CBS completes acquisition of Australia’s Network Ten

CBS Networks has completed its acquisition of Australian commercial broadcaster Network Ten. The deal puts the US media giant in control of core linear channel Ten, as well as digital terrestrial television (DT) channel Eleven, which CBS already had a stake in. Other Network Ten assets covered by the transaction are the DTT channel One […]

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