Logo

S&P Might Downgrade CBS

Apr 7, 2009  •  Post A Comment

The downturn in local advertising revenues has prompted Standard & Poor’s to place CBS on its watch list for a possible credit-rating downgrade, Dow Jones reports. In deciding whether or not to change CBS’ rating, S&P analyst Michael Altberg said the agency will review first quarter results and the broadcaster’s strategies for dealing with debt maturing in 2010, the news service says.
—Jon Lafayette

Your Comment

Email (will not be published)