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Jack Romanos -To Retire As CEO-Of Simon & Schuster

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September 6 – September 13, 2007 Edition

Jack Romanos
To Retire As CEO
Of Simon & Schuster

New York/9/6/07–Jack Romanos, President and Chief Executive Officer of Simon & Schuster, Inc., announced today that he will retire from that post, effective Dec. 31, 2007. Romanos will continue to serve in an advisory capacity to CBS Corporation President and CEO Leslie Moonves through 2009.

Carolyn K. Reidy, currently President of Simon & Schuster’s Adult Publishing Division, will assume the role of President and Chief Executive Officer upon Romanos’ retirement. “For many years Jack has combined the art of publishing and the science of business to lead Simon & Schuster to its indisputable position as one of the world’s greatest and most successful publishing companies,” said Moonves. “Jack would have had a terrific career no matter what business he was in, but Simon & Schuster and the world of publishing has been fortunate to benefit from his savvy management, inspired business instincts and steady guiding hand during an era of great change in their industry. I know everyone at Simon & Schuster and CBS joins me in thanking him for his all he has done, and wishing him well in the future.”

Romanos said: “The past 22 years have been especially gratifying to me. Simon & Schuster has enjoyed a period of tremendous growth as it has evolved from its foundation imprints of S&S and Pocket Books into a multi-faceted, truly world class international publishing company with a well-deserved reputation for publishing excellence, and a roster of top bestselling and award winning authors.”

“I am looking forward to the next few months and working with Carolyn Reidy as she transitions into her new role as President and CEO. She is an extraordinarily talented and capable publishing executive, and she will be leading a company that, across all divisions and at every level, is infused with a unique competitive spirit and drive for excellence. It has been a privilege and an honor to work with so many dedicated and accomplished colleagues and authors that have made Simon & Schuster the great publishing house that it is today, and to leave knowing that it has the leadership, employees, energy and resources to thrive going forward.

Romanos, who joined Simon & Schuster in 1985 as President of Pocket Books, was named President and CEO in 2002, having previously served as President and Chief Operating Officer since 1998. Prior to that, Romanos had been president of the Simon & Schuster Consumer Group since 1991. He also held positions as President of the Mass Market Division and President of the Trade Group.

Prior to joining Simon & Schuster, Romanos had served as Publisher of Bantam Books since 1981. He began his publishing career in 1966 at Fawcett Publications, and joined Bantam in 1973. During his career, Romanos has published or overseen the publication of some of the most exciting and bestselling titles in modern publishing history, including Iacocca by Lee Iacocca, The Way Things Ought to Be by Rush Limbaugh, John Adams by David McCullough, Living History by Hillary Rodham Clinton, Angela’s Ashes by Frank McCourt, and The Secret by Rhonda Byrne.

Simon & Schuster is the publishing home of major bestselling authors Mary Higgins Clark, Stephen King, Dr. Phil McGraw and Bob Woodward. Simon & Schuster, a part of the CBS Corporation, is a global leader in the field of general interest publishing, dedicated to providing the best in fiction and nonfiction for consumers of all ages, across all printed, electronic, and audio formats. Its divisions include Simon & Schuster Adult Publishing, Simon & Schuster Children’s Publishing, Simon & Schuster Audio, Simon & Schuster Digital, and international companies in Australia, Canada, and the United Kingdom. For more information, visit the website at www.simonsays.com .

CBS Corporation (NYSE: CBS.A and CBS) 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 CSTV Networks), 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) and video/DVD (CBS Home Entertainment). For more information, log on to www.cbscorporation.com.