CBS Corporation entered into a new employment agreement with Anthony G. Ambrosio naming him the company's Senior Executive Vice President, Chief Administrative Officer and Chief Human Resources Officer. The Agreement extends the term of Mr. Ambrosio's employment to June 6, 2017 and provides for the following modifications from his prior employment agreement.

CBS Corporation appointed Ray Hopkins as President. He will be reporting to Joseph Ianniello, Chief Operating Officer. In this new role, Hopkins will work closely with Ianniello to secure new retransmission and affiliation agreements for CBS's broadcast and cable networks, including the CBS Television Network, Showtime Networks, CBS Sports Network, Smithsonian Networks and TVGN. Prior to joining the CBS Corporation, he worked as the Chief Operating Officer of YES Network.

Joseph Ianniello has been named Chief Operating Officer of CBS Corporation, it was announced by Leslie Moonves, the company's President and Chief Executive Officer. In this new role, Ianniello will continue to oversee all financial operations and work closely with Moonves and senior management to maximize the monetization of the Company content, including oversight of negotiations for digital streaming, retransmission consent fees and reverse compensation from affiliates. In this five-year agreement, he will continue to report to Moonves and be based in both New York and Los Angeles. Ianniello was named Chief Financial Officer of CBS Corporation in 2009. Before that, he served as Deputy Chief Financial Officer, where he was responsible for the company's financial strategy across its operations, in addition to worldwide treasury, tax, information systems and technology, corporate development including mergers and acquisitions and risk management.

CBS Corp. inked long-term licensing deals with broadcasting firms in Russia and Finland. CBS Studios International reportedly entered into a multiyear, multiplatform agreement with Amedia. Pursuant to the deal, Amedia was granted the rights to broadcast current and upcoming CBS shows, as well as content from Showtime. The Russian broadcaster will air the content on its digital platforms, including its pay TV channels and subscription video-on-demand service. CBS also entered into a long-term licensing deal that will allow Finland's MTV3 to broadcast recent series from CBS and Showtime on its channels.

CBS Corporation announced that its board of directors has approved a quarterly dividend on the company's stock of $0.12 per share. The dividend is payable on July 1, 2013, to shareholders of record on June 10, 2013.