Investment Firm: Financial Hit to CBS from Loss of ‘Oprah’ ‘Overblown’

Nov 23, 2009  •  Post A Comment

Distribution fees paid to CBS Television Distribution (CTD) for “The Oprah Winfrey Show” are well below $50 million annually, investment firm J.P. Morgan wrote in a research note, B&C reports.

The firm wrote that “We think Oprah’s significance is likely overblown for CBS,” with an earnings per share hit of just $0.03 in 2012, after the show goes off broadcast television in September 2011.

CBS shares took a hit at Winfrey’s announcement last week that the show was coming to a close at least on broadcast.

–Elizabeth Jensen

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