CBS Corporation

CBS Corporation is a global mass media company that creates, distributes, and monetizes content across various platforms. It owns the most-watched television network in the U.S., CBS Television Network, and has a vast library of entertainment content. The company's operations span multiple media sectors, including cable networks (Showtime, CBS Sports Network, Smithsonian Networks), publishing (Simon & Schuster), local broadcasting (television and radio stations), film (CBS Films), and digital media (CBS Interactive). CBS Corporation also manages the worldwide DVD and Blu-ray businesses for the company, distributing current hits and classic series from its extensive library. Founded in 1986, the company is headquartered in New York, United States.

Stephen Burke

COO

Past deals in Radio

TargetSpot

Series B in 2008
TargetSpot is the largest internet radio advertising network in the United States, facilitating connections between brands and local businesses to online listeners through various advertising solutions. The company offers a software-as-a-service platform and a full-service account management team, allowing advertisers to design targeted campaigns based on geography, listening preferences, and demographics. This enables the delivery of impactful audio, display, and pre-roll video advertisements across a wide range of online audio properties. With over 85 distribution partners, including major entities like CBS RADIO and Entercom, TargetSpot has established a significant presence in the digital audio landscape. Based in New York City, the company is focused on optimizing the monetization of existing and emerging digital audio assets, including music, radio, podcasts, and opportunities within smart speakers.

CSTV Networks

Acquisition in 2005
CSTV Networks, Inc., operating as CBS Sports Network, is a prominent sports television channel that broadcasts a wide array of men’s and women’s sports, including college football and basketball, offering live games and programming 24 hours a day. The company reaches over 21 million homes through cable and satellite services and provides online content via its website, which encompasses around 215 official college athletic sites. In addition to its broadcasting services, CSTV Networks operates sports radio stations and sells sports apparel, accessories, and gear through its online store. Originally known as College Sports Television, the company rebranded to CSTV Networks, Inc. in 2005, reflecting its broader scope in sports media and merchandise.

American Radio Systems

Acquisition in 1997
American Radio Systems (ARS) is the fifth largest radio broadcasting company in the United States with 98 radio stations (including pending transactions) located in 19 predominately top 50 markets, including several major markets where CBS has existing radio and television stations.
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