CBS was founded in 1927 and owns both radio and television broadcasting. Lesile Moonves has served as CEO since 1995, having worked his way up from his first job in cable programming. Joseph Ianniello has been CFO since 1997. CBS Corporation was formed in 1995 through the merger of CBS and Westinghouse Electric Corporation. It operates several divisions including CBS Entertainment and CBS Cable Networks. From 2013-2017, CBS Corporation saw annual sales revenues between $12.67 billion to $13.69 billion, with net profits between $2.61 billion to $3.7 billion.