fleet.wikisort.org - Manufacturer

Search / Calendar

The Westinghouse Electric Corporation was an American manufacturing company founded in 1886 by George Westinghouse. It was originally named "Westinghouse Electric & Manufacturing Company" and was renamed "Westinghouse Electric Corporation" in 1945. The company acquired the CBS television network in 1995, and was renamed "CBS Corporation", until being acquired by Viacom in 1999. That merger was completed on April 26, 2000.[8] The CBS Corporation name was later reused for one of the two companies resulting from the split of Viacom in 2006.

Westinghouse Electric Corporation
Formerly
  • Westinghouse Electric & Manufacturing Company (1886–1945)
  • Westinghouse Electric Corp. (1945–1997)
  • CBS Corp. (1997–2000)
TypePublic (1916–1997)[1]
Traded as
NYSE: WX (1916–1997)[1]
FoundedAugust 8, 1886
FounderGeorge Westinghouse
FateAfter acquiring CBS in 1995, Westinghouse renamed "CBS Corporation" in 1997; then merged with Viacom in 1999 (completed in 2000)
Successor
  • Viacom (2000–2006)
  • CBS Corporation[note 1] (2006–2019)
  • Paramount Global (2019–present)
Headquarters,
United States
Area served
Worldwide
Divisions
  • New England (1915–26)
  • Broadcasting (1920–99)
  • Aviation (1945–60)
Subsidiaries
  • Bryant (1901–27)[2]
  • Infinity (1996–2000)[3]
  • Westinghouse Licensing (1998–2000)[4]
  • CBS (1995–2000)[5]
  • CMT (1997–2000)[6]
  • The Nashville Network (1997–2000)[7]

The Westinghouse trademarks are owned by Westinghouse Electric Corporation,[9] which does business as Westinghouse Licensing Corporation. The nuclear power business, Westinghouse Electric Company, was spun off from the Westinghouse Electric Corporation in 1999.


History


The evolution of Paramount
1912Paramount Pictures is founded
1927CBS is founded
1929Paramount buys 49% of CBS
1932Paramount sells back shares of CBS
1950Desilu is founded & CBS distributes its television programs
1952CBS creates the CBS Television Film Sales division
1958CBS Television Film Sales renamed as CBS Films
1966Gulf+Western buys Paramount
1968Gulf+Western acquires Desilu and renames it Paramount Television & CBS Films becomes CBS Enterprises
1970CBS Enterprises renamed as Viacom
1971Viacom is spun off from CBS as a separate company
1985Viacom buys full ownership of Showtime & MTV Networks
1986National Amusements buys Viacom
1989Gulf+Western renamed as Paramount Communications
1994Viacom acquires Paramount Communications
1995Westinghouse buys CBS
1997Westinghouse renamed as CBS Corporation
1999Viacom buys CBS Corporation
2001Viacom buys BET Networks
2006Viacom splits into second CBS Corporation and Viacom
2019CBS Corporation and Viacom re-merge to form ViacomCBS
2022ViacomCBS changes its name to Paramount Global
George Westinghouse, founder
George Westinghouse, founder

Westinghouse Electric was founded by George Westinghouse in Pittsburgh, Pennsylvania, on January 8, 1886. The firm became active in developing electric infrastructure throughout the United States. The company's largest factories were located in East Pittsburgh Pennsylvania, and Lester, Pennsylvania[10] and in Hamilton, Ontario, where they made turbines, generators, motors, and switch gear for generation, transmission, and use of electricity.[11] In addition to George Westinghouse, early engineers working for the company included Frank Conrad, Benjamin Garver Lamme, Bertha Lamme (first woman mechanical engineer in the United States), Oliver B. Shallenberger, William Stanley, Nikola Tesla, Stephen Timoshenko and Vladimir Zworykin.

Early on, Westinghouse was a rival to Thomas Edison's electric company. In 1892, Edison was merged with Westinghouse's chief AC rival, the Thomson-Houston Electric Company, making an even bigger competitor, General Electric. Westinghouse Electric & Manufacturing Company changed its name to Westinghouse Electric Corporation in 1945.[citation needed]


Financial catastrophe and corporate reinvention



CBS Corporation

In 1990, Westinghouse experienced a financial catastrophe when the Corporation lost over one billion dollars due to bad high-risk, high-fee, high-interest loans made by its Westinghouse Credit Corporation lending arm.[12]

Westinghouse purchased CBS Inc. in 1995, for $5.4 billion.[13] Westinghouse Electric Corporation changed its name to and became the original "CBS Corporation" in 1997.[14] Also in 1997, the Power Generation Business Unit, headquartered in Orlando, Florida, was sold to Siemens AG, of Germany.[15] A year later, CBS sold all of its commercial nuclear power businesses to British Nuclear Fuels Limited (BNFL).[16] In connection with that sale, certain rights to use the Westinghouse trademarks were granted to the newly formed BNFL subsidiary, Westinghouse Electric Company.[16] That company was sold to Toshiba in 2006.[17]

In an attempt to revitalize the corporation, the Board of Directors appointed outside management in the form of CEO Michael H. Jordan, who brought in numerous consultants to help re-engineer the company in order to realize the potential that they saw in the broadcasting industry. Westinghouse reduced the workforce in many of its traditional industrial operations and made further acquisitions in broadcasting to add to its already substantial Group W network, purchasing CBS in 1995. Shortly after, Westinghouse purchased Infinity Broadcasting, TNN, CMT, American Radio Systems, and rights to NFL broadcasting. These investments cost the company over fifteen billion dollars. To recoup its costs, Westinghouse sold many other operations. Siemens purchased its non-nuclear power generation division, while other firms bought its defense electronics division, its metering and load control division (which was sold to ABB), its residential security division, the office furniture company Knoll, and Thermo King. With little remaining of the company other than its broadcasting division, Westinghouse renamed itself CBS Corporation in 1997.[18][citation needed]


Patents


During the 20th century, Westinghouse engineers and scientists were granted more than 28,000 U.S. patents, the third most of any company.[19]


Products and sponsorships



Environmental incidents


There have been a number of Westinghouse-related environmental incidents in the US. Below is a short list of these. All of these are chemical pollution incidents; none of them involve nuclear reactors or nuclear pollution.


Timeline of company evolution



1880s


1888 Westinghouse brochure advertising their Alternating system
1888 Westinghouse brochure advertising their Alternating system
Share of the Westinghouse Electric and Manufacturing Company, issued March 31, 1910
Share of the Westinghouse Electric and Manufacturing Company, issued March 31, 1910

1890s



1900s to 1920s


1924 book on protective relays for AC and DC electrical systems by the Company
1924 book on protective relays for AC and DC electrical systems by the Company

1930s and 1940s



1950s to 1970s


Logo designed by Paul Rand in 1959
Logo designed by Paul Rand in 1959

1980s



1990s to 2020s



Employees



CEOs



Other



Overseas subsidiaries


Westinghouse established subsidiary companies in several countries including British Westinghouse and Società Italiana Westinghouse in Vado Ligure, Italy. British Westinghouse became a subsidiary of Metropolitan-Vickers in 1919 and the Italian Westinghouse factory was taken over by Tecnomasio in 1921.


See also



Notes


  1. Second incarnation of CBS, formed as a legal successor of Viacom in 2006.

References


  1. "Archived copy" (PDF). www.djindexes.com. Archived from the original (PDF) on February 2, 2017. Retrieved August 1, 2022.{{cite web}}: CS1 maint: archived copy as title (link)
  2. "W.G. BRYANT DIES; BRIDGE PORT BANKER; Chairman of Electrical Company and Inventor Succumbsat 66 in Colorado Springs.STARTED OWN FIRM IN 1889 Business Grew From $5,000 Plantto Manufacture His Devices to$3,000,000 Enterprise. Sold Plant to Westinghouse. Member of Many Clubs". The New York Times. July 6, 1930. ISSN 0362-4331. Retrieved May 5, 2022.
  3. Kamen, Robin (November 24, 1997). "To Infinity and Beyond: Mel Takes on CBS". Crain's New York Business: 1.
  4. "Viacom-CBS SEC Report".
  5. "Westinghouse Bids for Role In the Remake: CBS Deal Advances TV's Global Reach". The New York Times. August 2, 1995.
  6. Katz, Michael (February 17, 1997). "CBS makes cable a 'core business;' with purchase of TNN and CMT, network doubles its cable holdings". Broadcasting & Cable.
  7. Fabrikant, Geraldine (February 11, 1997). "Westinghouse To Buy Units From Gaylord For $1.5 Billion". The New York Times. ISSN 0362-4331. Retrieved May 5, 2022.
  8. "CBS And Viacom Complete Merger". CBS News. Retrieved February 16, 2021.
  9. "ViacomCBS 10-k".
  10. History of Tinicum Township (PA) 1643–1993 (PDF). Tinicum Township Historical Society. 1993.
  11. "Steam Hammer, Westinghouse Works, 1904". World Digital Library. 1904. Retrieved April 8, 2018.
  12. Massey, Steve. "Pittsburgh Post-Gazette – Who Killed Westinghouse? – Prologue". Pittsburgh Post-Gazette. Retrieved October 29, 2020.
  13. Fabrikant, Geraldine (August 2, 1995). "CBS ACCEPTS BID BY WESTINGHOUSE; $5.4 BILLION DEAL (Published 1995)". The New York Times. ISSN 0362-4331. Retrieved October 29, 2020.
  14. "Westinghouse Electric to Become CBS Today". Los Angeles Times. December 1, 1997. Retrieved October 29, 2020.
  15. "Westinghouse Agrees to Sell Power Business to Siemens". The Wall Street Journal. November 14, 1997. ISSN 0099-9660. Retrieved October 29, 2020.
  16. "CBS Sells Last of Westinghouse For $238 Million Cash, Plus Debt". The Wall Street Journal. June 26, 1998. ISSN 0099-9660. Retrieved October 29, 2020.
  17. Macalister, Terry; Milner, Mark (January 24, 2006). "Toshiba to buy BNFL's Westinghouse". The Guardian. Retrieved October 29, 2020.
  18. "Timeline: Westinghouse Electric Co". Pittsburgh Business Journal. March 29, 2017. Retrieved September 6, 2021.{{cite web}}: CS1 maint: url-status (link)
  19. 2009 Westinghouse corporate profile
  20. "Westinghouse Power Generation". RICHES of Central Florida. 1993.
  21. "Westinghouse Electric Corporation". Engineering and Technology History Wiki.
  22. "Westinghouse W21, Mississippi River Fuel Corp". RICHES of Central Florida. 1948.
  23. Scalzo. A; et al. (1994). "Evolution of Heavy-Duty Power Generation and Industrial Combustion Turbines in the United States" (PDF). ASME 1994 International Gas Turbine and Aeroengine Congress and Exposition, Volume 4: Heat Transfer; Electric Power; Industrial and Cogeneration. doi:10.1115/94-GT-488. ISBN 978-0-7918-7886-6. S2CID 110451562.
  24. "TECO-Westinghouse Motor Company, a world leader in manufacturing electric motors and generators, supplying motor controls, and providing engineering services, genuine Westinghouse renewal parts and large motor repairs".
  25. "History of ABB in the United States". Archived from the original on November 3, 2017. Retrieved October 31, 2017.
  26. "United States". www.bombardier.com.
  27. United States Environmental Protection Agency (September 2016). "FIVE-YEAR REVIEW REPORT FOR WESTINGHOUSE ELECTRIC CORP. (SHARON PLANT) SUPERFUND SITE MERCER COUNTY, PENNSYLVANIA" (PDF). United States Environmental Protection Agency.
  28. COMMONWEALTH OF PENNSYLVANIA Dept. of Environmental Protection (August 21, 2017). "Anglers Warned to Not Eat Fish from Shenango River". PA.Gov.
  29. Pittsburgh Post-Gazette – November 12, 1996
  30. "Cleanup of Horseheads Superfund Site". EPA.
  31. "Sunnyvale Superfund Site". EPA. September 4, 2015.
  32. Richard Moran, Executioner's Current: Thomas Edison, George Westinghouse, and the Invention of the Electric Chair, Knopf Doubleday Publishing Group – 2007, page 42
  33. "William Stanley – Engineering Hall of Fame". Edison Tech Center.
  34. "The Westinghouse Electric and Manufacturing Company | The Westinghouse World | Articles and Essays | Inside an American Factory: Films of the Westinghouse Works, 1904 | Digital Collections | Library of Congress". Library of Congress. Retrieved March 3, 2022.
  35. John W. Klooster, Icons of Invention: The Makers of the Modern World from Gutenberg to Gates. ABC-CLIO. July 30, 2009. p. 305. ISBN 9780313347436. Retrieved September 10, 2012.
  36. "Bombardier Fact Sheet: Pittsburgh, Pennsylvania" (PDF). Bombardier Inc.
  37. "WESTINGHOUSE ELECTRIC CORP. – The Encyclopedia of Cleveland History". Case Western Reserve University. May 12, 2018.
  38. "Westinghouse: Chronology". Ketupa.net. Archived from the original on April 3, 2013. Retrieved April 20, 2013.
  39. "Westinghouse Company Enters Wireless Field", Electrical Review (October 16, 1920) page 615. Retrieved on 2018-03-04.
  40. "Westinghouse Electric Corporation". ExplorePaHistory.com.
  41. Feurer R (2006). Radical Unionism in the Midwest, 1900–1950. University of Illinois Press.
  42. "Heartland of UE Struggle". UE. September 2002. Retrieved April 20, 2008.
  43. "You can be sure if it's Westinghouse". Time magazine. 1948. Retrieved October 4, 2018.
  44. "Westinghouse Sign". Pittsburgh Press. January 16, 1968. p. 49.
  45. Frank Hawkins (March 7, 1967). "PAT Rapid Transit System Years Away". Pittsburgh Post-Gazette. Retrieved July 29, 2015.
  46. Ray Gustini (March 24, 2011). "Three Decades of Wall Street's Muzak Fixation". The Atlantic Wire. Retrieved April 20, 2013.
  47. "Westinghouse Sells Muzak". Pittsburgh Post-Gazette. September 9, 1986. Retrieved July 29, 2015.
  48. Stein, Kenneth J. (July 14, 1986). "Westinghouse/Airships Industries joint venture targets Navy program". Aviation Week & Space Technology: 144, 145, 147, 149.
  49. "Bombardier in the United States, page 3" (PDF). Bombardier Inc.
  50. "CBS And Viacom Complete Merger". CBS News. April 26, 2000. Retrieved October 29, 2020.
  51. "Viacom Completes Split Into 2 Companies (Published 2006)". The New York Times. January 2, 2006. ISSN 0362-4331. Retrieved October 29, 2020.
  52. Palmeri, Christopher (August 13, 2019). "A CBS-Viacom Timeline: From '06 Split to '19 Reunion". Bloomberg.com.
  53. Berr, Jonathan (November 26, 2019). "Here Is Everything You Need To Know About The Viacom-CBS Merger". Forbes. Retrieved October 29, 2020.
  54. "ViacombCBS 10-k".
  55. Massey, Steve (March 1, 1998). "Who Killed Westinghouse? – In the beginning". Pittsburgh Post-Gazette. Retrieved April 20, 2013.
  56. "Edwin Herr Dies in East". The Milwaukee Journal. December 25, 1932. p. 4.
  57. "Herr Quits as Westinghouse Head". The Pittsburgh Press. June 26, 1929. Retrieved July 29, 2015.
  58. "New Westinghouse Head Is Optimistic". The Pittsburgh Press. February 25, 1938. Retrieved July 29, 2015.
  59. "Gwilym Price, Retired Westinghouse Leader, Dies". The Pittsburgh Press. June 2, 1985. Retrieved July 29, 2015.
  60. Gwilym A. Price, 89, a high school dropout who became.... Orlando Sentinel (June 4, 1985). Retrieved on 2013-08-18.
  61. "Archived copy" (PDF). Archived from the original (PDF) on December 24, 2012. Retrieved July 26, 2013.{{cite web}}: CS1 maint: archived copy as title (link)
  62. Massey, Steve (March 1, 1998). "Who Killed Westinghouse? – Chapter 1: Doing Well by Doing Good". Pittsburgh Post-Gazette. Retrieved April 20, 2013.
  63. Massey, Steve (March 3, 1998). "Who Killed Westinghouse? – Chapter 2: Sue Me, Sue You Blues". Pittsburgh Post-Gazette. Retrieved April 20, 2013.
  64. Douglas Danforth: Executive Profile & Biography. BusinessWeek. Retrieved on November 2, 2013.
  65. Massey, Steve (March 4, 1998). "Who Killed Westinghouse? – Chapter 3: Money, It's a Hit". Pittsburgh Post-Gazette. Retrieved April 20, 2013.
  66. Massey, Steve (March 5, 1998). "Who Killed Westinghouse? – Chapter 4: Big Money and Bad Choices". Pittsburgh Post-Gazette. Retrieved April 20, 2013.
  67. Massey, Steve (March 6, 1998). "Who Killed Westinghouse? – Chapter 5: Coming Apart at the Seams". Pittsburgh Post-Gazette. Retrieved April 20, 2013.
  68. Massey, Steve (March 7, 1998). "Who Killed Westinghouse? – Chapter 6: Free at Last". Pittsburgh Post-Gazette. Retrieved April 20, 2013.



На других языках


[de] Westinghouse Electric Corporation

Die Westinghouse Electric Corporation war ein US-amerikanischer Konzern, der überwiegend elektrotechnische Erzeugnisse herstellte.
- [en] Westinghouse Electric Corporation



Текст в блоке "Читать" взят с сайта "Википедия" и доступен по лицензии Creative Commons Attribution-ShareAlike; в отдельных случаях могут действовать дополнительные условия.

Другой контент может иметь иную лицензию. Перед использованием материалов сайта WikiSort.org внимательно изучите правила лицензирования конкретных элементов наполнения сайта.

2019-2024
WikiSort.org - проект по пересортировке и дополнению контента Википедии