Who Owns CBS News?

Do you know who owns CBS News? If you don’t, you’re not alone. Many people are surprised to learn that the news organization is actually owned by a conglomerate called National Amusements.

Checkout this video:

CBS Corporation

CBS Corporation is an American mass media corporation focused on commercial broadcasting, publishing, television production, and television programming. The company was founded in 1986 by Sumner Redstone and is headquartered in New York City. CBS News is the news division of CBS Corporation, and its current president is David Rhodes.

Board of Directors

The Board of Directors (the “Board”) of CBS Corporation (the “Company”) sets high standards for the Company’s employees, officers and directors. Members of the Board are expected to uphold these standards in their dealings on behalf of the Company.

National Amusements

National Amusements, Inc. is an American privately-held holding company based in Norfolk, Massachusetts, United States. The company was founded in 1986 by Sumner Redstone. National Amusements is the majority shareholder of CBS Corporation and Viacom.

Shari Redstone

Shari Redstone is the president of National Amusements, a theater company that is the majority shareholder of CBS Corporation. National Amusements was founded in 1936 by Sumner Redstone, who later took control of CBS in the 1980s. Shari Redstone took over as president of National Amusements in 1999 from her father, who remains chairman emeritus.

Redstone has been a member of the CBS Board of Directors since 2005 and became vice chair in 2016. She has been active in pushing for a merger between CBS and Viacom, another company her family controls. In 2018, she succeeded in getting the two companies to agree to merge, though the deal has not yet been finalized.

Redstone is also a trustee of the trust that will eventually control National Amusements after her death. Her son, Tyler Korff, is also a trustee.

Viacom

As of February 2, 2021, National Amusements owns CBS Corporation, which in turn owns CBS News. National Amusements, a privately held company controlled bySumner Redstone, holds a controlling 80% stake in the company.

Sumner Redstone

Sumner Redstone (born Sumner Murray Rothstein; May 27, 1923) is an American media magnate. He is the majority owner and chairman of the board of ViacomCBS.

Conclusion

CBS News is one of the most popular news networks in the United States, and it is owned by the CBS Corporation. The network has been in operation for over 50 years and employs some of the most experienced journalists in the country. CBS News is committed to providing accurate and timely information to its viewers, and it does not have a political affiliation.

Scroll to Top