Viacom, CBS Executive Chairman Sumner Redstone to Speak at the Bear Stearns 21st Annual Media Conference

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NEW YORK, March 5, 2008 -- Sumner Redstone, Executive Chairman of Viacom Inc. (NYSE: VIA and VIA.B) and CBS Corporation (NYSE: CBS and CBS.A), will speak at the Bear Stearns 21st Annual Media Conference in Palm Beach, Florida. Mr. Redstone's question-and-answer session will take place on Wednesday, March 12th beginning at approximately 8:00 AM (ET).

It will be open to the general public through a live webcast on Viacom's website at viacom.com and on CBS's website at cbscorporation.com. A replay of the audio webcast will be available in the "Events/Webcasts" section of the Viacom site and in the "Investor Relations/Presentations" section of the CBS site.

About Viacom

Viacom, consisting of BET Networks, MTV Networks and Paramount Pictures, is the world's leading entertainment content company. It engages audiences on television, motion picture and digital platforms through many of the world's best known entertainment brands, including MTV, VH1, CMT, Logo, Harmonix, Nickelodeon, Noggin, Nick at Nite, AddictingGames, Neopets, COMEDY CENTRAL, Spike TV, TV Land, AtomFilms, Gametrailers, BET, Paramount Pictures, DreamWorks Pictures and Paramount Vantage. Viacom's global reach includes approximately 150 channels and 300 online properties in 160 countries and territories.

For more information about Viacom and its businesses, visit viacom.com.

About CBS Corporation

CBS Corporation is a mass media company with constituent parts that reach back to the beginnings of the broadcast industry, as well as newer businesses that operate on the leading edge of the media industry. The Company, through its many and varied operations, combines broad reach with well-positioned local businesses, all of which provide it with an extensive distribution network by which it serves audiences and advertisers in all 50 states and key international markets. It has operations in virtually every field of media and entertainment, including broadcast television (CBS and The CW - a joint venture between CBS Corporation and Warner Bros. Entertainment), cable television (Showtime and CBS College Sports Network), local television (CBS Television Stations), television production and syndication (CBS Paramount Network Television and CBS Television Distribution), radio (CBS Radio), advertising on out-of-home media (CBS Outdoor), publishing (Simon & Schuster), interactive media (CBS Interactive), music (CBS Records), licensing and merchandising (CBS Consumer Products), video/DVD (CBS Home Entertainment), in- store media (CBS Outernet) and motion pictures (CBS Films). For more information, log on to cbscorporation.com.

SOURCE Viacom Inc.


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