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INX:CBS, Sep 26, 09:41 UTC

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CBS names Richard Parsons interim chairman of board

CBS

Sept 25 (Reuters) - CBS Corp on Tuesday named Richard Parsons as interim chairman of its board of directors, following the resignation of Leslie Moonves earlier this month amid a new wave of allegations of sexual assault and harassment. The media company also said Bruce Gordon and William Cohen, who have served on its board since CBS became a standalone public company in 2006, have decided to step down from their posts to focus on other personal and professional priorities. "Dick Parsons has a combination of deep industry knowledge and unmatched corporate and board experience," Candace Beinecke, chair of the board's Nominating and Governance Committee, said in a statement. Parsons served as chief executive office of Time Warner from 2002 to 2007, and was chairman of Time Warner's board from May 2003 to January 2009.

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Richard Parsons Named Interim Chairman Of The Board Of Directors, CBS Corporation

CBS

Sept 25 (Reuters) - CBS Corp on Tuesday named Richard Parsons as interim chairman of its board of directors, following the resignation of Leslie Moonves earlier this month amid a new wave of allegations of sexual assault and harassment. The media company also said Bruce Gordon and William Cohen, who have served on its board since CBS became a standalone public company in 2006, have decided to step down from their posts to focus on other personal and professional priorities. "Dick Parsons has a combination of deep industry knowledge and unmatched corporate and board experience," Candace Beinecke, chair of the board's Nominating and Governance Committee, said in a statement. Parsons served as chief executive office of Time Warner from 2002 to 2007, and was chairman of Time Warner's board from May 2003 to January 2009.

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CBS Matches Netflix in the Offline Content Race

CBS

CBS Corporation (CBS) now allows subscribers to its CBS All Access service to download shows for offline viewing, matching similar moves by rivals Netflix (NFLX) and Hulu. Netflix has been allowing its subscribers to save shows for offline viewing since 2016.

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Social Chatter

CBS Corp (INX:CBS) social chatter is higher than usual

CBS
LIST | 6 new series premiere dates on CBS fall shows lineup https://t.co/Uen1KRjhW3 https://t.co/e67SrWKz5C

Monday, September 24


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SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses In Excess Of $100,000 From Investment In CBS Corporation (NYSE: CBS; CBS.A) To Contact Brower Piven Before The Lead Plaintiff Deadline In Class Action Lawsuit

CBS

No class has yet been certified in the above action. According to the complaint, following July 27, 2018 reports that an investigative report would be published detailing allegations of sexual misconduct, the value of CBS shares declined significantly. If you have suffered a loss in excess of $100,000 from investment in CBS securities purchased on or after February 14, 2014 and held through the revelation of negative information during and/or at the end of the Class Period and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, without cost or obligation to you, please contact Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616. You need take no action at this time to be a member of the class. CONTACT: Charles J. PivenBrower Piven, A Professional Corporation1925 Old Valley RoadStevenson, Maryland 21153Telephone: 410-415-6616hoffman@browerpiven.com.

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See what the IHS Markit Score report has to say about CBS Corp.

CBS

See what the IHS Markit Score report has to say about CBS Corp. MarkitSeptember 24, 2018, 12:01 PM GMT. Economic output for the sector is expanding but at a slower rate. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising.

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Sunday, September 23


Social Chatter

CBS Corp (INX:CBS) social chatter is higher than usual

CBS
👩🏻 Fifty-three percent of Americans said that they want the FBI to investigate, according to the CBS News Battleground Tracker poll, while 47 percent say there should not be an FBI investigation.

Friday, September 21


News

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in CBS Corporation of Class Action Lawsuit and Upcoming Deadline – CBS; CBS.A

CBS

The class action, filed in United States District Court, Southern District of New York, and docketed under index 18-cv-07796, is on behalf of a class consisting of all persons other than Defendants who purchased or otherwise acquired CBS securities between February 14, 2014, through July 27, 2018, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials. If you are a shareholder who purchased or acquired common shares of CBS between February 14, 2014, and July 27, 2018, both dates inclusive, you have until October 26, 2018, to ask the Court to appoint you as Lead Plaintiff for the class. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) CBS executives, including the Company’s Chairman and Chief Executive Officer, Leslie “Les” Moonves, had engaged in widespread workplace sexual harassment at CBS; (ii) CBS’s enforcement of its own purported policies was inadequate to prevent the foregoing conduct; (iii) the foregoing conduct, when revealed, would foreseeably subject CBS to heightened legal liability and impede the ability of key CBS personnel to execute the Company’s business strategy; and (iv) as a result, CBS’s public statements were materially false and misleading at all relevant times. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct.

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Pawar Law Group Announces A Securities Class Action Lawsuit Against CBS Corporation - CBS

CBS

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. According to the lawsuit, defendants during the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) CBS executives, including the company's Chairman and Chief Executive Officer, Leslie "Les" Moonves, had engaged in widespread workplace sexual harassment at CBS; (2) CBS's enforcement of its own purported policies was inadequate to prevent the foregoing conduct; (3) the foregoing conduct, when revealed, would foreseeably subject CBS to heightened legal liability and impede the ability of key CBS personnel to execute the company's business strategy; and (4) as a result, CBS's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 26, 2018. Vik Pawar, Esq.Pawar Law Group P.C20 Vesey Street Suite 1210New York, NY 10007Tel: (917) 261-2277Toll Free: 888-589-9804Fax: (212) -571-0938vik@pawarlawgroup.comwww.pawarlawgroup.com. SOURCE: Pawar Law Group.

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Mario Gabelli, a major Viacom and CBS shareholder, wants the media giants separate for now

CBS VIAB

Mario Gabelli, a major Viacom and CBS shareholder, told CNBC on Friday he would like those media giants to remain separate in the short term. "Viacom is an even doubly loaded laggard," added Gabelli, the second-largest holder of Viacom voting shares. However, the Gamco founder refused to be pinned down on how he would vote if a deal were to be brought to the board. National Amusements Inc., which controls the voting shares of Viacom and CBS, has twice tried , and failed, to bring the two media companies back together again to gain scale in a landscape of megadeals galore this year. Days after Moonves' departure, Viacom CEO Bob Bakish told CNBC that shareholders should focus on his turnaround plans for the media company, not on deal speculation. Some analysts say a merger with CBS could be more likely with Moonves gone.

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