CBS 'Truly Thriving', Says Exec Chairman
“The operating environment for our businesses continues to improve and we are finishing the year with strong momentum,” said Leslie Moonves, President and Chief Executive Officer, in the company’s earnings release today.
Revenues for the quarter totaled $3.35 billion; income was $565.6 million compared to a $13.48 million loss last year this same quarter.
TV revenues and earnings were actually up this quarter, though radio saw lower profits and the companys’ outdoor and interactive segments lost some money, due to soft ad markets.
Simon & Schuster, CBS’s publishing arm, saw revenues increase by 2 percent thanks to Glenn Beck’s “Arguing With Idiots”.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in