One of the most well-known networks in America, CBS has been around since 1909.
The channel is one of the three major broadcasting TV networks in the United States, including ABC and NBC. The channel broadcasts an average of eight hours per day, 24 hours a day on weekends.
It’s important to know “who owns CBS” because that helps you understand how the channel operates. For example, CBS is owned by National Amusements, which is a movie theater company based out of Massachusetts. This Company also owns Viacom, which operates MTV, BET, Paramount Pictures, Comedy Central, VH1, and many other channels.
Who Owns CBS?
In 2015, CBS was spun off from its parent company Viacom, when Shari Redstone, a former girlfriend of Sumner Redstone, CEO of Viacom, made the offer. This ultimately led to the resignation of longtime CEO Les Moonves and the arrival of new CEO Joseph Ianniello.
Redstone only sold her shares in CBS to gain control of both Viacom and CBS as part of a big corporate merger. After the merger, Redstone became the controlling shareholder of CBS and the controlling shareholder of Viacom.
There are other concerns with CBS, including sexual misconduct allegations.
CBS is currently being sued by three women who have accused CEO Les Moonves of sexual harassment and assault.
Viacom – The Company that owns CBS
Viacom created CBS through a merger of CBS and Paramount Pictures in 1994. Viacom was also created through a merger with CBS and other movie studios like Embassy Pictures and other distribution companies.
Viacom is currently majority-owned by Shari Redstone, but controlling minority interests still exist. Shari Redstone is the daughter of Sumner Redstone, the former head of Viacom. Redstone died in 2017, which left the Company up for sale. The Company has been up for sale for over a year, but no deal has been made yet.
Shari Redstone was trying to merge CBS and Viacom to keep her father, Sumner Redstone, in control of the Company. Redstone was reportedly worried about being removed from his Company after suffering from a stroke in 2015.
What Channel Is CBS?
We can find the full CBS schedule here.
CBS All Access is the over-the-top network’s streaming service. You can sign up for a free 7-day trial, and then you can watch the channel on your computer or tablet, your TV, and any other device.
How Do I Watch CBS All Access On My Computer?
How do you watch CBS All Access on your computer? You can go to cbs.com/watch on your computer, and from the CBS All Access page, click on the CBS All Access button, then select “Sign In.” Make sure you remember it! You’ll have to create a username and password if you haven’t done so already.
How Do I Watch CBS All Access On My Apple TV?
You can watch CBS All Access on your Apple TV from the comfort of your couch or on your Apple TV stand, or via a range of other Apple devices.
What Channel Is CBS On Directv?
CBS is available through the over-the-top streaming service DirecTV Now. Here are the details on how to get CBS on DirecTV Now:
DirecTV Now is a streaming service that offers a ton of entertainment options for a low monthly rate. This service’s basic package is $35.99 per month, which comes with a free 7-day trial.
Once you’ve signed up, you can use your DirecTV Now credentials to sign in and watch on the CBS network.
It’s important to note that the only way to stream CBS live is through DirecTV Now’s live TV streaming service, DirecTV Now, which is not included in the 7-day trial and does require a subscription.
How do National Amusements make money with its ownership of CBS and Viacom?
From the same National Amusements press release as the above: “During the third quarter of 2018, the Company generated total revenues of $3.69 billion. Of that amount, 81 percent was generated by its Television segment, 8 percent by its Content segment, 7 percent by its International segment, and 3 percent by its Entertainment segment.”
The Company’s main business segment and explains the high level of revenue and profit that CBS generates.
How do National Amusements make money with the Viacom deal?
In early October 2018, National Amusements announced that it would merge Viacom with CBS Corp. in a reverse merger transaction.
The current CBS Corporation shareholders will own 51 percent of the combined Company, with current Viacom shareholders owning 49 percent.
How Much Is CBS All Access? What’s The Cost of CBS All Access?
There are two ways to watch CBS without a cable box.
The first way is via CBS All Access. It costs $5.99 per month and features a free seven-day trial. The site also has full DVR access, letting you pause, rewind, stop, fast forward, and even record shows on the fly.
The second way to watch the channel is through cable providers such as Time Warner Cable, which Charter Communications recently purchased. Cable providers can get in on CBS All Access, which means they can offer you a live stream without having to sign a contract with the network.
CBS All Access is available nationwide and can be accessed on Android and iOS devices, the Apple TV, Roku, Amazon Fire TV, Xbox One, PlayStation 4, select Smart TVs, and desktop computers.
The History of CBS
CBS is the flagship broadcasting TV network of the entire CBS Corporation, one of the largest media conglomerates in the United States. CBS Corporation also owns the world’s largest broadcasting network, the WB Network, and CBS Outdoor America.
CBS Broadcasting is the oldest broadcasting television network in the country. In 1909, That set up the first TV station in the United States in New York City. This station was called the International Network and was connected to three companies:
- A telecommunications company called Western Union
- A photo laboratory called the Mirror Plate Company
- The American Photo Plate Co
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