CBS Sees Ad Market Improvement THR

 The TV advertising marketplace has stopped declining, CBS Chief Financial Officer Fred Reynolds said at a financial conference, the Hollywood Reporter reports.

There are "clear signs of (us) emerging" from the recession, he said at the Merrill Lynch Global Telecommunications, Media and Technology Conference in London.

"But that's not to be confused with growth to make up for the drop" hurting media companies since downturn started, he added.

—Aimee Picchi