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Devember 31, 2005
- It was formed on Devember 31, 2005, as the legal successor of the original Viacom, following the spin-off of the second incarnation of Viacom; both CBS Corporation and the second Viacom were controlled by National Amusements, a theater company owned by billionaire Sumner Redstone.
en.wikipedia.org/wiki/CBS_Corporation
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CBS would then remain primarily an independent company throughout the next 63 years. 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.
Early radio years. The origins of CBS date back to January 27, 1927, with the creation of the United Independent Broadcasters network in Chicago by New York City talent agent Arthur Judson. The fledgling network soon needed additional investors, and the Columbia Phonograph Company, manufacturers of Columbia Records, rescued it in April 1927.
The company was founded by Sumner Murray Redstone in 1986 and is headquartered in New York, NY. Read Less
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The network formally debuted on September 20 with the 2-hour premiere of America's Next Top Model. The network is the result of a merger of The WB (a Warner Bros. holding) and UPN (a CBS Corporation holding). CBS Corporation and Time Warner each owned 50% of the network.
4 days ago · CBS Corporation, major American mass-media company that operates the CBS national television network and that includes the Simon & Schuster publishing groups and the Showtime cable network, among other holdings. The company was incorporated in 1927 as United Independent Broadcasters, Inc.
Nov 26, 2019 · The Federal Communications Commission forced CBS in 1970 to spin off the company that became Viacom after ruling that television networks couldn't have financial stakes in shows they aired.
Paley renamed it Columbia Broadcasting System (CBS), and later that year bought a large share and became its majority owner, with 51% of the business. CBS got into the world of television when it opened the New York statoin W2XAB in 1931.
