CBS Corporation Doubles Quarterly Dividend

CBS Corporation Doubles Quarterly Dividend

NEW YORK, May 3, 2011 /PRNewswire/ -- CBS Corporation (NYSE: CBS and CBS.A) today announced that its Board of Directors has authorized an increase in the quarterly dividend on the Company's common stock of 100% from $.05 to $.10 per share. The dividend is payable on July 1, 2011 to shareholders of record as of June 10, 2011.

About CBS Corporation

CBS Corporation 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 Networks, Smithsonian Networks and CBS Sports Network), local television (CBS Television Stations), television production and syndication (CBS Television Studios, CBS Studios International 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), motion pictures (CBS Films), and sustainable media (EcoMedia). For more information, log on to www.cbscorporation.com.

SOURCE CBS Corporation

CBS Corporation

CONTACT: Dana McClintock, +1-212-975-1077, dlmcclintock@cbs.com, or Stacy Roughan, +1-212-975-1942, stacy.roughan@cbs.com

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

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