UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549-1004

                                    FORM 8-K

                                 CURRENT REPORT
                         Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 28, 1999

                          Commission file number 1-977

                                 CBS CORPORATION
                                 ---------------
                          (Exact name of registrant as
                            specified in its charter)

            PENNSYLVANIA                               25-0877540
            ------------                               ----------

            (State or other jurisdiction               (I.R.S. Employer
            of incorporation)                          Identification Number)

                     51 WEST 52ND STREET, NEW YORK, NY 10019
                     ---------------------------------------
               (Address of principal executive offices; zip code)

                                 (212) 975-4321
                                 --------------
                (Registrant's Telephone No., including area code)


Item 5. OTHER EVENTS

On October 28, 1999, the Registrant issued a press release concerning earnings
for the quarter and year-to-date ended September 30, 1999. A copy of the press
release is attached hereto as Exhibit 99.1 and is incorporated herein. A copy of
the Condensed Consolidated Statement of Income for the quarter and year-to-date
ended September 30, 1999 and 1998 is attached hereto as Exhibit 99.2 and is
incorporated herein in its entirety. A copy of the segment information for the
quarter and year-to-date ended September 30, 1999 and 1998 is attached hereto as
Exhibit 99.3 and incorporated herein in its entirety.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits

      (c) Exhibits

            Exhibit No.

            99.1  Press release concerning earnings of the Registrant for the
                  quarter and year-to-date ended September 30, 1999 is filed as
                  Exhibit 99.1 to this Report.

            99.2  Condensed Consolidated Statement of Income for the quarter and
                  year-to-date ended September 30, 1999 is filed as Exhibit 99.2
                  to this Report.

            99.3  Segment Results for the quarter and year-to-date ended
                  September 30, 1999 is filed as Exhibit 99.3 to this Report.

                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                                      CBS CORPORATION
                                                        (Registrant)


                                               BY: /s/ ROBERT G. FREEDLINE
                                               -----------------------------
                                                    ROBERT G. FREEDLINE
                                               VICE PRESIDENT AND CONTROLLER

Date: October 29, 1999


                                  EXHIBIT INDEX

EXHIBIT NO.          DESCRIPTION                            SEQUENTIAL PAGE NO.
- -----------          -----------                            -------------------

99.1                 Press Release

99.2                 Condensed Consolidated Statement of
                     Income for the quarter and
                     year-to-date ended September 30,
                     1999 and 1998.

99.3                 Segment Results for the quarter and
                     year-to-date ended September 30, 1999
                     and 1998.