CBS Corp.


CBS completes Ten takeover

CBS Corp. is now the owner of Australian commercial broadcaster Network Ten after closing its takeover deal. The US network has cleared the final hurdles in a protracted takeover process, which had begun after Ten went into administration. The deal marks the second time Ten has had a North American owner – Canada’s CanWest was […]

Ten creditors choose CBS over Murdoch

CBS Corp will be the next owner of Australia’s Network after creditors accepted its offer. Lachlan Murdoch and business partner Bruce Gordon had tabled a rival offer in a bid to derail CBS’s previously agreed deal for Ten, but this has come up short. Unsecured creditors met yesterday to decide what deal to accept, and […]

CBS loans Ten A$143m to pay off creditors

CBS has handed Network Ten a multi-million dollar loan to pay off creditors – including 21st Century Fox chief Lachlan Murdoch – as the US broadcaster moves closer to buying its Australian counterpart. The agreements see CBS loaning Network Ten A$142.7 million (US$113 million) to refinance the commercial channel’s debts, according to Network Ten administrators […]

Amazon takes CBS summer drama – again

Subscription VOD service Amazon Prime Video has again secured rights to a CBS summer drama series. The streamer has secured exclusive US streaming and download rights to Salvation, with episodes launching four days after their broadcast debut on linear TV. The suspense thriller series follows a tech superstar and an MIT graduate who discover an […]

Showtime reaches Asia with Fox Networks deal

CBS Corp. has expanded the Showtime brand into Asia through a distribution deal with Fox Networks Group Asia (FNGA). Under terms of the deal, Fox Asia viewers will gain access to the entire Showtime catalogue, including the new Twin Peaks and upcoming stand-up comedy drama I’m Dying Up Here, and established shows such as Ray […]

CBS extends Les Moonves’ contract until 2021

US media giant CBS Corp has extended chief executive Leslie Moonves’ contract for an additional two years — meaning he will now remain in charge until at least 2021. Moonves, who joined CBS in 1995, will be 71 years-old at that time, though no one is ruling out the possibility of further extensions. Even if […]

The CW pairs Dynasty with Riverdale

The CW is pairing key new US broadcast dramas Valor and Dynasty with existing high-profile Warner Bros.-produced series. Valor, one of a spate of new military- or elite police-themed dramas coming to the 2017/18 network season, has landed a 9pm Monday slot. It will receive lead-in from DC Universe superhero series Supergirl. Soap reboot Dynasty, […]

Viacom merging US and int’l under Bakish

Viacom’s international and US channel groups are merging into a new unit that Bob Bakish will lead as interim company president and CEO. Viacom International Media Networks and domestic networks arm Viacom Music and Entertainment Group are coming together as Viacom Global Entertainment Group (VGEG). Furthermore, the Viacom Kids and Family Group, which Cyma Zarghami […]

Dauman set to exit as Viacom war ends

Philippe Dauman is set to leave his role as CEO of Viacom in exchange for a massive pay-out, ending the war for control of the US entertainment giant. According to numerous media sources, Viacom’s board met last night to vote and agree on terms of a deal with the company’s controlling shareholder, Sumner Redstone. Viacom […]

CBS domestic sales shuffle continues

CBS Television Distribution has continued to rejig its ranks after handing control to Fox veteran Paul Franklin. The latest moves see Steven LoCascio (pictured), who was executive VP and CFO of CBSTD, upped to COO and EVP and national sales manager Stephen Hackett named president of sales. LoCascio will keep his concurrent post of CFO […]

1 2 3 4