Exhibit 99

CBS
CORPORATION

                                                              January 25, 2006


               CBS CORPORATION INCREASES QUARTERLY DIVIDEND BY 14%


         CBS Corporation (NYSE: CBS.A and CBS) said today that its Board of
Directors has approved a 14% increase in the quarterly dividend rate on the
Company's common stock, from 14 cents to 16 cents per share. The dividend is
payable on April 1, 2006 for shareholders of record as of February 28, 2006.

         CBS Corporation (NYSE: CBS.A and 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
UPN), cable television (Showtime), local television (CBS Television Stations),
television production and syndication (CBS Paramount Television and King World),
radio (CBS Radio), advertising on out-of-home media (CBS Outdoor), publishing
(Simon & Schuster), theme parks (Paramount Parks), digital media (CBS Digital
Media Group and CSTV Networks) and consumer products (CBS Consumer Products).
For more information, log on to www.cbscorporation.com.
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Press Contact:
       Dana McClintock             212/975-1077            dlmcclintock@cbs.com
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