Will CBS Cut Dividend?

Feb 12, 2009  •  Post A Comment

What CBS says about its dividend when it reports earnings next week will reveal just how optimistic CEO Les Moonves is about the company’s outlook amid a deepening advertising slump, the Wall Street Journal reports. CBS may need extra cash to meet $1.6 billion in debt coming due next year, the paper says. A cut in the dividend would hurt controlling shareholder Sumner Redstone, who has debt problems of his own, the Journal notes.
—Jon Lafayette

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