Andre J. Fernandez Named President of CBS RADIO

Andre J. Fernandez Named President of CBS RADIO

Broadcasting Veteran to Oversee Company's Portfolio of Major Market Radio Stations

Executive Brings Operations, Financial and Programming Experience to Position

NEW YORK, April 13, 2015 /PRNewswire/ -- Andre J. Fernandez has been named President of CBS RADIO, one of the nation's leading collections of major market radio stations. The announcement was made by Leslie Moonves, President and CEO of CBS Corporation, to whom Fernandez will report. He begins next week and will be based in New York.

In this role, Fernandez will oversee the direction and management of the division, which includes 117 stations in 26 major markets as well as a growing collection of digital assets. He was most recently President and Chief Operating Officer of Journal Communications, where he was responsible for the company's broadcasting and publishing assets.

"Andre is a terrific executive who brings a wealth of experience to this role -- operations, financial management, programming and digital distribution, among many other attributes," said Moonves. "He has had great success working in large and mid-sized markets, which has primed him to lead our major market operations. I'm confident Andre's many qualities will make him a superb manager and help build upon an incredible foundation at CBS RADIO."

"CBS is an exceptional media company, and this is a terrific opportunity to join a world-class operation and continue its growth and innovation," said Fernandez. "I'm very impressed with not only CBS's collection of market-leading brands, but the interface it has achieved with its complementary TV and digital assets, which gives us great opportunities for further development. I could not be more pleased to join this outstanding team."

Fernandez succeeds Dan Mason, who announced his retirement earlier today after 17 years with the Company, during which he led CBS RADIO for a total of 15 years.

"Dan is a legendary leader in the radio business," said Moonves. "His passion for the business is well-known, and is a major reason why he's been able to turn around so many of our major market stations. Above all, he's been a good friend and a superb colleague. We will miss him dearly and thank him very much."

Previously, Fernandez served in several executive positions at Journal Communications, a publicly traded diversified media company. Named President in 2012 and Chief Operating Officer in 2014, Fernandez was responsible for operational oversight of Journal's broadcast and publishing segments, as well as a number of corporate functions. He also served as the company's Chief Financial Officer from 2008 through 2014.

Prior to Journal, Fernandez held a variety of financial leadership roles at the General Electric Company. Following GE/NBC's acquisition of the Telemundo Communications Group in 2001, Fernandez was named Senior Vice President and Chief Financial Officer of Telemundo, where he helped steer the company to its best financial performance in history. During his tenure, Fernandez also led the acquisitions of Telemundo-RTI Studios and Tepuy International and helped create the Yahoo!Telemundo digital joint venture. Prior to Telemundo, Fernandez held the positions of Chief Financial Officer and Controller of GE Latin America, based in Mexico City; Chief Financial Officer of GE's Digital Energy business, based in Atlanta; Assistant Treasurer of GE Corporate Treasury and Chief Financial Officer of GE Capital Information Technology Solutions (ITS), both based in Sao Paulo, Brazil.

Before joining General Electric, Fernandez was FP&A and Treasury Manager for the United Technologies Corporation in both the U.S. and Brazil. Fernandez began his career on Wall Street, first as a banking associate with Brown Brothers Harriman in New York and then as Assistant Vice President with Merrill Lynch's emerging markets group in both New York and London. He is fluent in English, Spanish and Portuguese.

A New York native, Fernandez graduated cum laude from Harvard University with a Bachelor of Arts in Economics. He currently serves on the boards of the Television Bureau of Advertising (TVB) and Froedtert Health, an academic medical center and regional hospital system in southeast Wisconsin, where he is Vice Chairman of the Board, Chairman of the Finance Committee and Member of the Leadership Development and Compensation Committee. He is a member of the Greater Milwaukee Committee (GMC) and is also an active alumni interviewer for Harvard University.

About CBS Corporation
CBS Corporation (NYSE: CBS.A and CBS) is a mass media company that creates and distributes industry-leading content across a variety of platforms to audiences around the world. The Company has businesses with origins that date back to the dawn of the broadcasting age as well as new ventures that operate on the leading edge of media. CBS owns the most-watched television network in the U.S. and one of the world's largest libraries of entertainment content, making its brand -- "the Eye" -- one of the most recognized in business. The Company's operations span virtually every field of media and entertainment, including cable, publishing, radio, local TV, film, and interactive and socially responsible media. CBS's businesses include CBS Television Network, The CW (a joint venture between CBS Corporation and Warner Bros. Entertainment), CBS Television Studios, CBS Global Distribution Group (CBS Studios International and CBS Television Distribution), CBS Consumer Products, CBS Home Entertainment, CBS Interactive, CBS Films, Showtime Networks, CBS Sports Network, POP (a joint venture between CBS Corporation and Lionsgate), Smithsonian Networks, Simon & Schuster, CBS Television Stations, CBS Radio and CBS EcoMedia. For more information, go to www.cbscorporation.com.

About CBS RADIO
CBS RADIO is one of the largest major-market broadcast media operators in the United States and the undisputed leader in news and sports radio. Producing original audio and video content, live events and exclusive programming broadcast via on-air, online and mobile platforms, CBS RADIO reaches more than 72 million consumers nationwide each week. As a part of CBS Corporation, the division owns and operates 117 radio stations in 26 markets - including the top 10 as ranked by Nielsen Audio - as well as an extensive array of digital assets. CBS RADIO distributes its programming via AM, FM and HD Radio stations, Radio.com and CBS Local Digital Media apps, making engaging with audiences easier than ever before. For more information on CBS RADIO, please visit www.cbsradio.com.

SOURCE CBS Corporation

CBS Corporation

CONTACT: Shannon Jacobs, CBS Corp., 212-975-3161, sljacobs@cbs.com; Karen Mateo, CBS RADIO, 212-649-9639, karen.mateo@cbsradio.com

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


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