Michael Marquez has been named Vice President, Strategy and Corporate Development for CBS Interactive, it was announced today by Quincy Smith, President of the newly-formed division.  Marquez, who most recently served as Director of Corporate Development for Yahoo!, will now work with Smith to help set the division's overall strategy, as well as with Chief Development Officer Joseph Ianniello, to initiate investments and acquisitions.  He will be based in San Francisco.

"This is a huge win for CBS," said Smith.  "Mike has had a front row seat to most of the M&A and investment activity in Silicon Valley in the past couple of years.  His relationships with the venture capital and entrepreneurial community will be invaluable as we continue to shape CBS's Interactive strategy."

Marquez most recently served as Director of Corporate Development at Yahoo!, working directly with its executive management team on all acquisitions, investments and major strategic initiatives.  In this role, Marquez played a leading role in the acquisition of 15 companies throughout the world, including Oddpost, Verdisoft, del.icio.us, Bix and Jumpcut.  Before going to Yahoo!, he also served as a banker at Robertson Stephens, one of the preeminent Internet investment banks.  Prior to that, Marquez was a founding member of the Internet Center of Excellence at Andersen Consulting (now Accenture), which at the time was charged with overseeing the firm's first foray into the Internet, as well as developing website strategies for clients.

CBS Interactive is a newly formed division of CBS Corporation designed to formulate new media strategies and partnerships involving all interactive platforms, including Internet, mobile and video gaming.  Its properties include CBS SportLine.com, CBSNews.com and CBS.com, as well as innertube, a new website offering original programming and the streaming of CBS's most popular series.  The division is also charged with working with the company's financial team to identify new businesses that could complement CBS's core assets, building CBS Corporation's presence in the fast-growing digital counterpart to its existing programming platforms.

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 Group), radio (CBS Radio), advertising on out-of-home media (CBS Outdoor), publishing (Simon & Schuster), digital media (CBS Digital Media Group and CSTV Networks) and consumer products (CBS Consumer Products). For more information, log on to http://www.cbscorporation.com/.