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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.
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.
The rest of the stations would be acquired by CBS, either in an ownership stake or outright purchase. In television's early years, the network bought Washington, D.C. affiliate WOIC (now WUSA) in a joint venture with The Washington Post in 1950, only to sell its stake to the newspaper in 1954 due to tighter FCC ownership regulations.
CBS was founded in 1927, which Paramount Pictures held a 49 percent ownership stake in from 1929 to 1932. [ 12 ] [ 13 ] In 1952, CBS formed CBS Television Film Sales, a division which handled syndication rights for CBS's library of network-owned television series.
The rest of the stations would be acquired by CBS, either in an ownership stake or outright purchase. In 1950, when rival NBC was dominant in television and black and white transmission was widespread, CBS began to buy or build their own stations (outside of New York City) in Los Angeles, Chicago, and other major cities.
Sumner Murray Redstone (né Rothstein; May 27, 1923 – August 11, 2020) was an American billionaire businessman and media magnate.He was the founder and chairman of the second incarnation of Viacom, chairman of CBS Corporation (both companies merged in 2019, a year before Redstone's death), and the majority owner and chairman of the National Amusements theater chain.
CBS Outdoor International – sold to Platinum Equity in 2013; CBS Outernet – renamed Outfront Media Outernet; CBS Radio – merged with Entercom (former CBS Corporation shareholders received a 72% stake in Entercom) List of broadcast stations owned by CBS Radio; Boston Bruins Radio; CBS Altitude Group; Eventful; New York Yankees Radio; New ...
Sinclair Broadcast Group, a publicly traded American telecommunications conglomerate, owns or operates 294 television stations across the United States in 89 markets ranging in size from as large as Washington, D.C. to as small as Ottumwa, Iowa/Kirksville, Missouri. [1]