Fenwick & West Represents Viacom as Special Tax Counsel in Tax-Free Spin-off of CBS

June 14, 2005

Fenwick & West LLP represented Viacom (NYSE: VIA) as special tax counsel in its recently announced spin-off of CBS. The spin-off creates two, separate publicly traded companies. The transaction will result in stockholders holding shares in both companies, and is expected to be tax-free to shareholders.

Details of the transaction are available on the Viacom website

The Fenwick & West tax team included partners James Fuller and Jennifer Fuller, and associates Catherine Curtiss and Andy Kim.

About Fenwick & West

Fenwick & West provides comprehensive legal services to high technology and life sciences clients of national and international prominence. The Fenwick & West Tax Group is one of only seven law firm tax groups in the United States to receive the First Tier rating by International Tax Review for 2006.