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CBS Corporation was an American multinational media company with interests primarily in commercial broadcasting, publishing, and television production.It was split from Viacom on December 31, 2005, alongside an entirely new Viacom; both CBS Corporation and the second Viacom were controlled by National Amusements, a theater company owned by billionaire Sumner Redstone.
The building in which the Broadcast Center is located formerly served as a dairy depot for Sheffield Farms. [6] CBS purchased the site in 1952. The Center opened as the CBS Production Center in the late 1950s, when the network's master control, film and videotape facilities, and four studios were located in the Grand Central Terminal building.
The CBS Building stands directly above a New York City Subway tunnel connecting the Sixth Avenue and 53rd Street subway lines. [5] [b] The building, developed for broadcasting company CBS, was designed to occupy only 60 percent of its site. [7] [8] It is three blocks north of Rockefeller Center, the headquarters of CBS's rival NBC. [9]
Paramount Pictures, CBS, and Viacom each had a history of being associated with one another through a series of various corporate mergers and splits. [10] Paramount Pictures was founded in 1912 as the Famous Players Film Company. [11]
CBS Broadcasting Inc., commonly shortened to CBS (an abbreviation of its original name, Columbia Broadcasting System), is an American commercial broadcast television and radio network serving as the flagship property of the CBS Entertainment Group division of Paramount Global and is one of the company's three flagship subsidiaries, along with namesake Paramount Pictures and MTV.
Showtime Networks became part of CBS Corporation when it officially split from Viacom on December 31, 2005. It managed Sundance Channel as part of a joint venture with Robert Redford and NBC Universal until 2008, when it was sold to Rainbow Media (now AMC Networks ).
The UPN-owned-and-operated WUPL was sold to Belo Corporation, owners of CBS affiliate WWL-TV in New Orleans, after Belo turned down Viacom's offer to purchase WWL. On February 10, 2005, UPN-owned stations WNDY-TV in Indianapolis and WWHO in Columbus, Ohio, were sold to the LIN TV Corporation, owners of then-CBS Indianapolis affiliate WISH-TV. [36]
The company was initially formed as CBS Corporation spun off the remaining pieces of Westinghouse's industrial concerns, as part of Westinghouse's re-creation as a media company. Portions of their nuclear business were initially purchased by Siemens in 1998 before the remaining parts were purchased by British Nuclear Fuels Limited (BNFL) in ...