CBS Earnings Likely Hit by Ad Slump

Oct 29, 2008  •  Post A Comment

CBS, which reports earnings Thursday, is likely to see its earnings cut the most by television’s advertising cutbacks because it is no longer part of a conglomerate with earnings from non-broadcast TV advertising, Daily Variety reports. CBS, which split from Viacom in 2006, may be further affected by a local advertising slump because of its ownership of 29 TV stations and 140 radio stations, the newspaper says.
—Danny King

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