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'''CBS Broadcasting, Inc.''' ('''CBS''') is a [[media]] conglomerate that owns and operates large [[radio]] and [[television]] networks along with a number of other businesses including [[billboard]]s and outdoor advertising, an internet presence, and book publishing (Simon and Schuster).  The initials stand for "Columbia Broadcasting System" (taken from an early owner of the network, the Columbia Phonograph Company), although that name is no longer used.  It is a division of media giant ViacomCBS.

'''CBS Broadcasting, Inc.''' ('''CBS''') is a [[media]] conglomerate that owns and operates large [[radio]] and [[television]] networks along with a number of other businesses including [[billboard]]s and outdoor advertising, an internet presence, and book publishing (Simon and Schuster).  The initials stand for "Columbia Broadcasting System" (taken from an early owner of the network, the Columbia Phonograph Company), although that name is no longer used.  It is a division of media giant Paramount Global (which also owns Paramount Pictures and other media properties).

CBS's decades-old good reputation and ratings have dwindled since its once powerful and respected [[CBS News]] organization aired the ''CBS Evening News'' with respected [[anchor]] [[Walter Cronkite]].  The network's notorious fiasco concerning its news employees' forging of [[George W. Bush]]'s [[National Guard]] service records during the [[United States presidential election, 2004|2004 presidential election campaign]], which led to the retirement of Cronkite's replacement as anchor [[Dan Rather]], tarnished CBS's image.  In [[politics]], CBS's [[liberal]] tendencies are evidenced by its news reporters' and show hosts' barely concealed [[bias]]es in favor of [[Barack Obama]] and his policies and against [[conservative]]s and [[Republican]]s.  CBS continued to air the highly offensive ''Late Show with [[David Letterman]]'', even after Letterman contrived a joke that made fun of the fictional [[statutory rape]] of [[United States presidential election, 2008|2008 vice-presidential candidate]] [[Sarah Palin]]'s 14-year-old daughter, up until Letterman announced his retirement and stepped down from ''The Late Show'' in May 2015, after which former ''Colbert Report'' host [[Stephen Colbert]] took over as host that September and has proven to be every bit as controversial and unfunny as his predecessor.

CBS's decades-old good reputation and ratings have dwindled since its once powerful and respected [[CBS News]] organization aired the ''CBS Evening News'' with respected [[anchor]] [[Walter Cronkite]].  The network's notorious fiasco concerning its news employees' forging of [[George W. Bush]]'s [[National Guard]] service records during the [[United States presidential election, 2004|2004 presidential election campaign]], which led to the retirement of Cronkite's replacement as anchor [[Dan Rather]], tarnished CBS's image.  In [[politics]], CBS's [[liberal]] tendencies are evidenced by its news reporters' and show hosts' barely concealed [[bias]]es in favor of [[Barack Obama]] and his policies and against [[conservative]]s and [[Republican]]s.  CBS continued to air the highly offensive ''Late Show with [[David Letterman]]'', even after Letterman contrived a joke that made fun of the fictional [[statutory rape]] of [[United States presidential election, 2008|2008 vice-presidential candidate]] [[Sarah Palin]]'s 14-year-old daughter, up until Letterman announced his retirement and stepped down from ''The Late Show'' in May 2015, after which former ''Colbert Report'' host [[Stephen Colbert]] took over as host that September and has proven to be every bit as controversial and unfunny as his predecessor.