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

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