|Exchange:||New York Stock Exchange|
|Industry:||Broadcasting - TV|
|CBS Corporation was organized in Delaware in 1986. It is a mass media company with operations in the following segments: Television, Radio, Outdoor and Parks/Publishing. The Television segment consists of the CBS(r) and UPN(r) television networks; the Company's 39 owned broadcast television stations; its television production and syndication business, including CBS Paramount Television and King World(r) Productions; and its cable networks Showtime(r) and CSTV(r), among other program services. The Radio segment owns and operates 179 radio stations in 40 United States markets through CBS Radio. The Outdoor segment displays advertising on media, including billboards, transit shelters, buses, rail systems, mall kiosks, masts and stadium signage principally through CBS Outdoor. The Parks/Publishing category includes Simon & Schuster, which publishes and distributes consumer books under imprints such as Simon & Schuster, Pocket Books, Scribner and Free Press; and Paramount Parks, which is principally engaged in the ownership and operation of five theme parks and a themed attraction in the U.S. and Canada. As new technologies for delivering content and services evolve, the Company's opportunities to distributes content to consumers through various platforms including the Internet, mobile devices, video-on-demand and interactive television. During the first quarter of 2006, the Company announced various arrangements to extend the reach of its news and program content across a number of products and platforms with Internet, cable and mobile wireless companies, among others. The Company competes with many different entities and media in various markets worldwide. The following logos, trade names, trademarks and related trademark families are among those strongly identified with the product lines it represents assets of the Company: CBS(r), CBS Entertainment, CBS News, CBS Sports(r), CBS Radio, UPN(r), Showtime(r), The Movie Channel, Flix(r), CBS Outdoor, King World(r), Spelling Television(r), Entertainment Tonight(r), Star Trek(r), Simon & Schuster(r) Pocket Books(r), CSTV College Sports Television(r), CBSSportsline, CBS Digital Media and all the call letters for the Company's television and radio stations. The Company's businesses are either subject to or affected by regulations of federal, state and local governmental authorities.|
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