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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 29, 1998
Commission file number 1-977
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CBS CORPORATION
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(Exact name of registrant as
specified in its charter)
PENNSYLVANIA 25-0877540
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(State or other jurisdiction (I.R.S. Employer
of incorporation) Identification Number)
51 West 52nd Street, New York, NY 10019
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(Address of principal executive offices; zip code)
(212) 975-4321
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(Registrant's Telephone No., including area code)
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Item 5. Other Events
On October 29, 1998, the Registrant issued a press release concerning earnings
for the quarter and year-to-date ended September 30, 1998. 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, 1998 and 1997 is attached hereto as Exhibit 99.2 and is
incorporated herein in its entirety. Certain segment information has been
restated to reflect the allocation of the goodwill acquired in connection with
the 1995 acquisition of CBS Inc. between the Radio and Outdoor Advertising, and
Television segments. Such goodwill and related amortization was previously
recorded in Corporate and Other. A copy of the restated segments for 1998, 1997,
and 1996 by quarter and total year for 1995 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 ended September 30,
1998 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, 1998
and 1997, is filed as Exhibit 99.2 to this Report.
99.3 Segment Results for 1998, 1997, and 1996, by
quarter and total year for 1995 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/ CAROL V. SAVAGE
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Carol V. Savage
Vice President, Finance
Date: October 29, 1998
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EXHIBIT INDEX
Exhibit No. Description Sequential Page No.
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99.1 Press Release
99.2 Condensed Consolidated Statement of
Income for the quarter and
year-to-date ended September 30,
1998 and 1997.
99.3 Segment Results for 1998, 1997, and
1996 by quarter and total year for
1995.