CBS Corp., the broadcaster that’s spinning off its U.S. billboard advertising unit, said it received a favorable tax ruling on the transaction in a private letter from the Internal Revenue Service.
While technology executives are grabbing headlines and wealth with lucrative initial public offerings, media bosses are outpacing them with their pay packages.
Leslie Moonves, chief executive officer of CBS Corp., received $66.9 million in compensation last year, bringing his three-year total to almost $200 million and highlighting the rich payouts in media.
CBS is considering hiring a woman for “The Late Late Show” as the TV network weighs a complete remodeling of its programming for night owls.
CBS, moving quickly to fill a looming hole in its entertainment lineup, named Comedy Central host Stephen Colbert as David Letterman’s late-night replacement.
CBS, which today named Stephen Colbert to replace David Letterman, is also considering a new host for “The Late Late Show.”
David Letterman’s retirement from CBS next year may open the door for a woman to take over one of TV’s iconic late-night talk shows for the first time.
"CBS Outdoor's conversion into a REIT will unlock its true value, and the completion of our Outdoor initiatives will enhance our ability to return capital to our shareholders."
- Leslie Moonves on Apr 16, 2014