CBS Corporation Announces Quarterly Dividend

CBS Corporation Announces Quarterly Dividend

NEW YORK, Feb. 21 /PRNewswire-FirstCall/ -- CBS Corporation (NYSE:CBS)(NYSE:and)(NYSE:CBS.A) today announced that its Board of Directors has approved a quarterly dividend on the Company's common stock of $.25 per share. The dividend is payable on April 1, 2008 to shareholders of record as of March 4, 2008.

About CBS Corporation

CBS Corporation (NYSE:CBS.A)(NYSE:and)(NYSE: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 and CSTV Networks), local television (CBS Television Stations), television production and syndication (CBS Paramount Network Television 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), in-store media (CBS Outernet) and motion pictures (CBS Films). For more information, log on to www.cbscorporation.com.

First Call Analyst:
FCMN Contact: KJorgensen@cbs.com

Source: CBS Corporation

CONTACT: Dana McClintock, +1-212-975-1077, dlmcclintock@cbs.com; Investor
Relations Contact: Debra Wichser, +1-212-975-3718, debra.wichser@cbs.com

Web site: http://www.cbscorporation.com/

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