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                                                                  Exhibit 99


[LOGO]

CBS

                                                                   May 23, 1997


                     CBS MAKES MAJOR ORGANIZATIONAL CHANGES


                     o  Mel Karmazin Chairman and CEO of combined $2.2 billion 
                        television and radio station group

                     o  Peter Lund elects to leave CBS

     NEW YORK, May 23, 1997 -- Michael H. Jordan, Chairman and Chief Executive 
Officer of Westinghouse Electric Corporation, announced today a major 
reorganization of the company's media businesses in anticipation of the 
formation of the new CBS Corporation following the split of Westinghouse in the 
Fall. Beginning immediately, the CBS Television and Cable businesses will 
report directly to Mr. Jordan and all CBS radio and television stations will be 
consolidated into a single organization led by Mel Karmazin, the Chairman and 
Chief Executive Officer of the new CBS Station Group. Peter Lund, President and 
Chief Executive Officer of the CBS Television and Cable Group, declined the 
opportunity to lead the remaining television and cable businesses and elected 
to leave CBS.

     Mr. Lund has agreed to assist in the transition to the new organization. 
Mr. Lund has been at CBS since 1977, except for a three-year stint at 
Multimedia. He has held key CBS posts at both the TV stations and the Network, 
and was appointed to the post of President and Chief Executive Officer of CBS 
Inc. after the Westinghouse purchase of CBS in November 1995.

     Mr. Jordan added: "Peter Lund played an invaluable role in the CBS 
turnaround. Today CBS is a better place to work, with a promising future, 
thanks to Peter's many lasting contributions and successes. During his long 
and distinguished career at CBS, Peter has worked in - and left his mark 
on -- virtually every part of the company. While I wish he had decided to 
remain at CBS, I respect his choice. We wish him well."

     Endorsing the leaders of the three core Network businesses, Mr. Jordan 
said: "We have the best Network team in the industry. Leslie Moonves has put 
our primetime entertainment back on America's TV screens. Andrew Heyward is 
leading our news operations with an energy and integrity worthy of the best 
traditions of CBS News. And Sean McManus has made his mark in his first few 
months at CBS as an accomplished businessman and sports programmer. I look 
forward to working with Les, Andrew and Sean as we restore CBS to its place as 
the preeminent broadcasting network."

     The 14 Owned and Operated CBS television stations and the 77 CBS radio 
stations will be combined into a single CBS Station Group, Mr. Karmazin, who 
joined CBS with the purchase of Infinity Broadcasting, will lead the $2.2 
billion station group.

                                     (Over)

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CBS Inc. ...2

     Commenting on the benefits of the station consolidation, Mr. Jordan said: 
"Westinghouse's acquisition of CBS had great public service implications and 
created a tremendous potential for leveraging a uniquely valuable and extensive 
television and radio station presence in the major markets. During the past 
year, we've been turning that potential into reality, building the strongest 
broadcast distribution enterprise in the U.S."

     Mr. Jordan added, "During his 30-year broadcasting career, Mel Karmazin 
has had an unsurpassed track record of building station franchises and driving 
strong revenue and cash flow growth. He built Infinity Broadcasting into the 
most successful company in the radio industry. Under his firm leadership, this 
television and radio station combination gives us an opportunity to realize 
major synergies in local markets and build significant value for our 
advertisers and shareholders."

     The new organization of CBS will consist of three major entities -- CBS 
Television, the CBS Station Group, and CBS Cable.

     CBS Television will consist of the Network operations led by Jim Warner -- 
marketing and sales, affiliate relations, and research --  and the three 
Network businesses -- entertainment, news and sports. It also includes CBS 
Enterprises, led by Ed Wilson and comprising the Eyemark production and 
syndication company and CBS International.

     The new CBS Station Group has a strong presence in every one of the top 10 
markets. CBS owns six of the top 10 billing radio stations in the country, and 
has extensive radio coverage in the top 16 U.S. advertising markets. With 
television stations in seven of the top 10 markets, CBS covers 31% of the U.S. 
television audience. TDI, a leader in out-of-home advertising, will also be a 
part of the CBS Station Group.

    CBS Cable, led by Don Mitzner, will comprise the third major element of the 
new CBS Corporation. With the completion this summer of the acquisition of The 
Nashville Network (TNN) and Country Music Television (CMT), CBS Cable will have 
four cable networks and a global satellite distribution unit providing service 
to broadcast, cable, and corporate networks.

     The split of Westinghouse into separate media and industrial companies, 
CBS Corporation and Westinghouse Electric Company respectively, is expected to 
occur this Fall.

  
Contacts:    Jack Bergen     Westinghouse/CBS       212/975-3835
             Gil Schwartz    CBS Communications     212/975-2121