[02/24/10 - 11:52 AM]
CBS Corporation Announces New, Five-Year Employment Agreement with President and Chief Executive Officer Leslie Moonves
"I have the privilege of working with the greatest team of people in this or any other business," said Moonves.

[via press release from CBS]


New Agreement Supersedes Prior Contract and Extends Employment through February 2015

CBS Corporation (NYSE: CBS and CBS.A) announced today a new employment agreement with President and Chief Executive Officer Leslie Moonves. The agreement supersedes the prior contract, which was to conclude in 2011, and extends his employment with the CBS Corporation through February 22, 2015.

"This is, above all, great news for every shareholder of CBS," said Sumner Redstone, Executive Chairman and Founder, CBS Corporation. "Leslie is a superb executive who has led CBS to a position of unparalleled leadership in the industry. This agreement not only secures the future of the Company for many years to come, it also further aligns and strengthens the interests of the chief executive with those of our shareholders. I look forward to working with Leslie as we capitalize on all of the opportunities that lie ahead."

"I have the privilege of working with the greatest team of people in this or any other business," said Moonves. "I am very gratified that my relationship with the Company will continue as we build on the strong foundation we have laid for ongoing growth and success."

Under the terms of the agreement, Moonves' salary remains at its current level. As before, he will continue to be eligible for an annual performance-based bonus and will receive significant equity-based compensation that ties the value of the agreement to the performance of the Company's stock. The Company has also provided incentives for Moonves to continue his relationship with the Company at the end of the employment term.

For more information regarding the agreement, please see the Company's Annual Report on Form 10-K to be filed with the Securities and Exchange Commission, which attaches a copy of the employment agreement.

About CBS Corporation

CBS Corporation (NYSE: CBS.A and CBS) is a mass media company with constituent parts that reach back to the beginnings of the broadcast industry, as well as newer businesses that operate on the leading edge of the media industry. The Company, through its many and varied operations, combines broad reach with well-positioned local businesses, all of which provide it with an extensive distribution network by which it serves audiences and advertisers in all 50 states and key international markets. It has operations in virtually every field of media and entertainment, including broadcast television (CBS and The CW � a joint venture between CBS Corporation and Warner Bros. Entertainment), cable television (Showtime Networks and CBS College Sports Network), local television (CBS Television Stations), television production and syndication (CBS Television Studios, CBS Studios International and CBS Television Distribution), radio (CBS Radio), advertising on out-of-home media (CBS Outdoor), publishing (Simon & Schuster), interactive media (CBS Interactive), music (CBS Records), licensing and merchandising (CBS Consumer Products), video/DVD (CBS Home Entertainment) and motion pictures (CBS Films). For more information, log on to http://www.cbscorporation.com/.

  [february 2010]  

(series past and present)
(series in development)
(tv movies and mini-series)

[10/13/15 - 11:08 AM]
ABC Television Network Gives Hit New Drama Series "Quantico" a Full Season Order
Season to date, "Quantico" ranks as Sunday's No. 1 scripted broadcast show in Adults 18-49, improving the 10 o'clock hour for ABC by 44%.

[10/13/15 - 09:59 AM]
Donald Trump to Host "SNL" on Nov. 7 with Musical Guest Sia
Trump previously hosted "SNL" on April 3, 2004.

[10/13/15 - 09:08 AM]
H.R. Pufnstuf Returns to Kids TV for First Time in Over 45 Years in Sid & Marty Krofft's Preschool Hit "Mutt & Stuff" on Nickelodeon
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[10/13/15 - 08:34 AM]
Monday's Broadcast Ratings: NBC Stays on Top with "Voice," "Blindspot"
Both series hold even with last week among adults 18-49.

[10/13/15 - 08:25 AM]
History Explores the Theory That Adolf Hitler Successfully Escaped from the Bunker in the New Series "Hunting Hitler"
The eight-part series launches premieres Tuesday, November 10 at 10:00/9:00c.

[10/13/15 - 07:00 AM]
Musical Performers Announced for "The Victoria's Secret Fashion Show," Airing Dec. 8
Eight-time Grammy Award(R)-winning artist Rihanna, Selena Gomez and Grammy Award(R)-nominated "The Weeknd" will perform on the annual CBS event.

[10/13/15 - 06:56 AM]
"Castro: The World's Most Watched Man" Debuts Thursday, October 22 at 10/9c on American Heroes Channel (AHC)
The one-hour documentary looks at the life of Fidel Castro through the eyes of the spies who have observed him for over a half-century.

[10/13/15 - 06:47 AM]
Sundance TV Celebrates the 35th Anniversay of The Shining with Stephen King Thriller Week Beginning on Sunday, October 25, 2015 at 8:00pm ET/PT
Said stunt is timed with the highly anticipated season two premiere of SundanceTV's International Emmy(R) and Peabody Award-winning French drama, "The Returned."

[10/13/15 - 06:00 AM]
Oprah Returns to the "Dr. Phil" Stage for a Rare Interview and to Preview Her New Television Event
They recall unforgettable times from their over 20-year friendship and working relationship, as well as Oprah's life today running her OWN cable network.

[10/13/15 - 03:06 AM]
FOX Sports Adds Eight Live Bundesliga Matches to FOX Broadcast Schedule in 2016
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[10/12/15 - 05:39 PM]
Video: Watch the All-New, Visually Striking "The X-Files" Promo
Said promo aired during tonight's episode of "Gotham."

[10/12/15 - 03:20 PM]
"American Horror Story: Hotel" Premiere Delivers 12.17 Million Viewers
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[10/12/15 - 02:47 PM]
With 14-Day Multi-Platform Viewing, The Premiere Epsiode of "Limitless" Increases to More Than 17.6 Million Viewers
CBS further spins the numbers for Tuesday, September 22.

[10/12/15 - 01:48 PM]
Modern-Day Medicine Woman Knows No Boundaries When Caring for the Animals of the Last Frontier on Animal Planet's "Dr. Dee: Alaska Vet"
The eight-episode series premieres on Saturday, November 7 at 9:00/8:00c.

[10/12/15 - 01:17 PM]
Adrien Brody and Lorraine Bracco to Guest Star on New Showtime(R) Comedy Series "Dice"
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