CBS (an initialism of the network’s former name, the Columbia Broadcasting System) is an American English language commercial broadcast television and radio network that is a flagship property of CBS Corporation. The company is headquartered at the CBS Building in New York City with major production facilities and operations in New York City.
The network has its origins in United Independent Broadcasters Inc., a collection of 16 radio stations purchased by Paley in 1928 and renamed the Columbia Broadcasting System. Under Paley’s guidance, CBS would first become one of the largest radio networks in the United States, and eventually one of the Big Three American broadcast television networks. In 1974 CBS dropped its former full name and became known simply as CBS, Inc. The Westinghouse Electric Corporation acquired the network in 1995, renamed its corporate entity to the current CBS Broadcasting, Inc. in 1997, and eventually adopted the name of the company it had acquired to become CBS Corporation.
In late 2005 Viacom split itself into two separate companies and re-established CBS Corporation – through the spin-off of its broadcast television, radio, and select cable television and non-broadcasting assets – with the CBS television network at its core.
CBS network has more than 240 owned-and-operated, and affiliated television stations throughout the United States and Canada, among which, for example, Showtime, Flix tv, The Movie Channel, Comedy Central, Nickelodeon, etc.
|Current version year||2017|
|Country||New York, USA|
|Market||NYSE: CBS, S&P 500|