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CBS' board meeting report and approves dividend of USD0.18 per share for quarter.

M2 EQUITYBITES-July 31, 2018-CBS' board meeting report and approves dividend of USD0.18 per share for quarter


CBS Corporation (NYSE:CBS.A) (NYSE:CBS) disclosed on Monday that its board of directors is in the process of selecting outside counsel to conduct an independent investigation regarding its regular board meeting and also that no other action was taken on this matter.

Also, the board decided to postpone the company's 2018 annual stockholders meeting of that was to be held on 10 August 2018. It will determine a new record date for stockholders and will publicly disclose the new date, time and location.

Further, the board simultaneously authorised a quarterly dividend of USD0.18 per share on the company's stock, which will be paid on 1 October 2018, to shareholders of record date on 10 September 2018.

A mass media company, CBS creates and distributes content across a variety of platforms worldwide. It owns a television network in the US and a large libraries of entertainment content. Its operations span almost every field of media and entertainment such as cable, publishing, local TV, film and interactive and socially responsible media.

The company's businesses include CBS Television Network, The CW (a joint venture between CBS Corporation and Warner Bros Entertainment), Network Ten Australia, CBS Television Studios, CBS Studios International, 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 EcoMedia and CBS Experiences.

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Publication:M2 EquityBites (EQB)
Date:Jul 31, 2018
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