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CBS Corp (CBS.N)

CBS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

CBS says David Paschkes To Lead CBS Experiences
Wednesday, 13 Mar 2019 

March 13 (Reuters) - CBS Corp ::CBS CORP - DAVID PASCHKES TO LEAD CBS EXPERIENCES.  Full Article

Cbs Corp - On February 22 Lawrence Tu, Executive Vice President And Chief Legal Officer Of Cbs Corporation Submitted His Resignation
Thursday, 28 Feb 2019 

Feb 27 (Reuters) - CBS Corp ::CBS CORP - ON FEBRUARY 22 LAWRENCE P. TU, EXECUTIVE VICE PRESIDENT AND CHIEF LEGAL OFFICER OF CBS CORPORATION SUBMITTED HIS RESIGNATION.CBS CORP - TU WILL SERVE AS A SENIOR ADVISOR TO COMPANY'S CHIEF EXECUTIVE OFFICER UNTIL APRIL 30, 2019.CBS CORP SAYS LAWRENCE P. TU SUBMITTED HIS RESIGNATION FROM THIS POSITION TO CO, EFFECTIVE MARCH 1, 2019 - SEC FILING.  Full Article

Cbs Corporation Announces $500 Million Senior Notes Offering
Thursday, 21 Feb 2019 

Feb 20 (Reuters) - CBS Corp ::CBS CORPORATION ANNOUNCES $500 MILLION SENIOR NOTES OFFERING.CBS CORPORATION ANNOUNCES $500 MILLION SENIOR NOTES OFFERING.CBS CORP - SALE OF SENIOR NOTES IS EXPECTED TO CLOSE ON MARCH 5, 2019.  Full Article

CBS Corp Files Prospectus Supplement Related To A Potential Senior Notes Offering
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - CBS Corp ::CBS CORP FILES PROSPECTUS SUPPLEMENT RELATED TO A POTENTIAL SENIOR NOTES OFFERING - SEC FILING.CBS CORP - SENIOR NOTES WILL BE ISSUED IN MINIMUM DENOMINATIONS OF $2,000 AND IN INTEGRAL MULTIPLES OF $1,000 IN EXCESS THEREOF.CBS CORP - PAYMENT OF THE SENIOR NOTES WILL BE FULLY AND UNCONDITIONALLY GUARANTEED BY CBS OPERATIONS INC. ON A SENIOR UNSECURED BASIS.  Full Article

CBS CEO Says Co Has Achieved 8 MLn Subscribers For CBS All Access, Showtime
Friday, 15 Feb 2019 

Feb 14 (Reuters) - CBS Corp ::CEO SAYS CO HAS ACHIEVED 8 MILLION SUBSCRIBERS FOR CBS ALL ACCESS AND SHOWTIME.CBS CEO SAYS SHOWTIME WILL PRODUCE 30% MORE HOURS OF ORIGINAL PROGRAMMING IN 2019 THAN 2018.CBS SAYS HAS 4 YEARS REMAINING ON NFL CONTRACT, AND FULLY EXPECTS TO KEEPING NFL ON CBS FOR MANY YEARS TO COME.CBS SAYS WILL BE OPPORTUNISTIC IN BUYING BACK STOCK IN THE SECOND HALF OF THE YEAR.CBS SAYS WITH THE BIG EVENT SPORTS PROGRAMMING FROM THE SUPER BOWL AND NCAA MEN'S BASKETBALL CHAMPIONSHIP, WE EXPECT 2019 TO BE A RECORD YEAR IN ADVERTISING.CBS SAYS HAS ABOUT 70% OF SUBSCRIBER BASE COMING UP FOR RENEWAL OVER THE NEXT 2 YEARS.CBS SAYS AT LOCAL MEDIA SEGMENT, REVENUE FOR THE FIRST QUARTER IS PACING TO BE UP HIGH SINGLE DIGITS.CBS SAYS THROUGH 2021, EXPECT REVENUE CAGR IN HIGH SINGLE-DIGITS AND AN EPS IN THE DOUBLE-DIGIT, UP FROM A RECORD EPS OF $5.19 CENTS REPORTED TODAY.  Full Article

Cbs Q4 Adjusted Earnings Per Share $1.50
Friday, 15 Feb 2019 

CBS Corp ::ORATION REPORTS 2018 FOURTH QUARTER AND FULL YEAR RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $1.50.Q4 EARNINGS PER SHARE $1.49 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE ESTIMATE $1.52 -- REFINITIV IBES DATA.Q4 REVENUE $4.02 BILLION VERSUS REFINITIV IBES ESTIMATE OF $4.13 BILLION.ENTERTAINMENT REVENUES OF $2.83 BILLION FOR Q4 OF 2018 DECREASED 1% FROM $2.86 BILLION FOR SAME PRIOR-YEAR PERIOD.QTRLY ADVERTISING REVENUE $1,872 MILLION VERSUS $1,745 MILLION.QTRLY AFFILIATE AND SUBSCRIPTION FEES REVENUE $1,027 MILLION VERSUS $923 MILLION.HAVE NOW REACHED 8 MILLION DIRECT-TO-CONSUMER SUBSCRIBERS BETWEEN CBS ALL ACCESS AND SHOWTIME, NEARLY TWO YEARS AHEAD OF OUR ORIGINAL SCHEDULE.HAVE SET A NEW TARGET OF 25 MILLION DOMESTIC SUBS COMBINED FROM BOTH CBS ALL ACCESS AND SHOWTIME DIRECT-TO-CONSUMER SERVICES BY 2022.  Full Article

CBS Sets Quarterly Dividend Of $0.18 Per Share
Friday, 1 Feb 2019 

Jan 31 (Reuters) - CBS Corp ::SETS QUARTERLY DIVIDEND OF $0.18 PER SHARE.  Full Article

CBS Says Moonves To Demand Binding Arbitration Related To His Termination
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - CBS Corp ::ON JANUARY 16, 2019, MOONVES NOTIFIED COMPANY OF HIS ELECTION TO DEMAND BINDING ARBITRATION WITH RESPECT TO MATTER.BOARD HAD COMPLETED ITS INVESTIGATION OF COMPANY'S FORMER CHAIRMAN OF BOARD, PRESIDENT AND CHIEF EXECUTIVE OFFICER, LESLIE MOONVES.DOES NOT INTEND TO COMMENT FURTHER ON MOONVES MATTER DURING PENDENCY OF ARBITRATION PROCEEDINGS.  Full Article

CBS Corp - Appointed David Byrnes As Senior Vice President, Controller And Chief Accounting Officer
Friday, 11 Jan 2019 

Jan 10 (Reuters) - CBS Corp ::CBS CORP - ON JAN 8, APPOINTED DAVID BYRNES AS CO'S SENIOR VICE PRESIDENT, CONTROLLER AND CHIEF ACCOUNTING OFFICER, EFFECTIVE FEBRUARY 20, 2019.CBS CORP - APPOINTED LAWRENCE LIDING TO A NEWLY CREATED ROLE AS HEAD OF OPERATIONS IN CHINA.CBS CORP - DAVID BYRNES SUCCEEDS LAWRENCE LIDING IN ROLE OF COMPANY'S PRINCIPAL ACCOUNTING OFFICER.  Full Article

Former Disney COO Tom Staggs Emerges as Top Candidate for CBS CEO Job - WSJ
Wednesday, 19 Dec 2018 

Dec 18 (Reuters) - :FORMER DISNEY COO TOM STAGGS EMERGES AS TOP CANDIDATE FOR CBS CEO JOB- WSJ.  Full Article

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CBS misses on profit, revenue but network hits streaming subscribers milestone

CBS Corp generated less quarterly profit and revenue than Wall Street expected, but the network announced plans on Thursday to have 25 million streaming subscribers by 2022.