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Press release from PR Newswire

CBS Corporation Announces Quarterly Dividend

Thursday, May 24, 2012

CBS Corporation Announces Quarterly Dividend14:30 EDT Thursday, May 24, 2012NEW YORK, May 24, 2012 /PRNewswire/ -- CBS Corporation (NYSE: CBS.A and CBS) announced today that its Board of Directors has approved a quarterly dividend on the Company's stock of $.10 per share. The dividend is payable on July 1, 2012, to shareholders of record as of June 11, 2012.About CBS CorporationCBS 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, outdoor advertising, 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), Showtime Networks, CBS Sports Network, Smithsonian Networks, Simon & Schuster, CBS Television Stations, CBS Radio, CBS Outdoor, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, CBS Consumer Products, CBS Home Entertainment, CBS Films and CBS EcoMedia. For more information, go to www.cbscorporation.com.SOURCE CBS CorporationFor further information: Press Contact - Dana McClintock, +1-212-975-1077, dlmcclintock@cbs.com; Investor Contact - Adam Townsend, +1-212-975-5292, adam.townsend@cbs.com, or Jessica Kourakos, +1-212-975-6106, jessica.kourakos@cbs.com