Amy Baer Named President, CEO of CBS Films

LOS ANGELES/NEW YORK, September 26: CBS Corporation has
appointed Amy Baer the president and CEO of its new film division, CBS Films.

In her new position, Baer will be charged with charting the
creative direction for CBS Films and overseeing the development, production,
acquisition, distribution and marketing of its films. She will report to Leslie
Moonves, the president and CEO of CBS Corporation.

Baer joins CBS from Columbia Pictures, where she served as
executive VP of production since 1998. Prior to her stint at Columbia, she
spent a five-year tenure at TriStar Pictures, and previously held positions at
Gruber-Peters Entertainment Company and CAA.

CBS officially announced the formation of CBS Films in
March, along with the hiring of Bruce Tobey as COO. Tobey, who will report to
Baer, has been planning the business and financial structure for the new movie
division. He will oversee departments such as business affairs, legal, finance
and home-video distribution.

CBS Films plans to develop and produce four to six movies
a year, spanning all genres with production budgets up to $50 million per film.
The films will be released domestically through a U.S. theatrical distribution
unit to be established within CBS Films.

"With Amy at the helm, we look forward to building a
smart, disciplined film business that produces high quality movies that live up
to CBS's legacy of success in all content areas," said Moonves. "We
think Amy is the ideal executive to establish a creative footprint for CBS in
this business. She is a gifted executive with an incredible eye for good
material and a resume of success covering a wide range of critically acclaimed
and commercially successful films. Equally as important in this industry, she
has a strong reputation for nurturing creative talent and for serving as a passionate
champion of the projects she brings in."