History Timeline of CBS Corporation

CBS has had quite an eventful history. Here is a timeline of all the important dates in its storied past.

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CBS
1927: United Independent Broadcasters, Inc.
1927
Columbia Phonograph

January 27, 1927, Arthur Judson founds United Independent Broadcasters, Inc. (UIB) in Chicago.

Columbia Phonograph invests in UIB, and the Columbia Phonograph Broadcasting System is founded.

1928-1974: Columbia Broadcasting System
1928
William S Paley

Due to skyrocketing costs, Columbia Phonograph and Judson sell to William S. Paley and the network is renamed Columbia Broadcasting System (CBS).

1929

January 18, 1929, the newly christened Columbia Broadcasting System signs onto the air.

1930

CBS now has 300 employees and total sales of $7.2M.

1935

CBS becomes the largest radio network in the United States.

1938
Columbia Records

Consisting of 144 stations, CBS purchases American Record Corporation, which later becomester becoming Columbia Records.

1946
FCC

FCC declines CBS's submission for its color tv broadcasting system because it is "premature".

1950

CBS applies to the FCC and is granted to use its color television broadcasting system.

1964
New York Yankees

CBS purchases an 80 percent interest in the New York Yankees, then sells it ten years later to George Steinbrenner.

1969

CBS now has 22,000 employees and net profits of more than $64 million.

1974-1997: CBS Inc.
1983
Tri-Star Pictures

CBS, Columbia Pictures, and HBO join forces to form Tri-Star Pictures.

1985

CBS sells its interest in the Tri-Star Pictures to Sony.

Ted Turner (TBS) announces his intentions to take over CBS. To prevent this, CBS spends $955M to purchase 21% of its own outstanding stock.

1987
Columbia Records

CBS sells Columbia Records to Sony Entertainment for $2 billion.

1995
Westinghouse

After years of losses, CBS sells itself to Westinghouse Electric Corporation for $5.4B.

1996

Westinghouse begins transforming itself into CBS by selling its industrial businesses off.

1997

Westinghouse pays $4.9B for Infinity Broadcasting Corporation, the second largest radio station network in the US.

December 1, 1997, Westinghouse changes its name to CBS Corporation and moves its HQ from Pittsburgh to NYC.

1998-Current: CBS Corporation
1999
Viacom

CBS is acquired by Sumner Redstone's media giant Viacom Inc. for $45B.

2005
National Amusements

Viacom splits itself and re-establishes CBS Corporation, both of which are still controlled by Redstone through National Amusements.

2006
CW Network

CBS Corporation and Warner Brothers Entertainment launch The CW Network as a joint-venture.

2014

CBS Logo

CBS now has global revenues of $14B, owns-and-operates 16 stations and has affiliation agreements with 222 others.