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CBS CEO Les Moonves said that NBC’s decision to put Jay Leno on in prime time will help his company’s bottom line. “We were the No. 1 network at 10 o’clock last year,” Mr. Moonves told analysts and investors during CBS’ quarterly earnings conference call Thursday. He estimated that CBS took in 38% of...
Posted to
The Business of Television
by
News
on
Thu, May 7 2009
Filed under:
Filed under: Broadcast, Cable, Digital, Advertising, CBS, NBC, Syndication, Jay Leno, Earnings, Les Moonves
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CBS Corp.’s profit fell 52 percent in the fourth quarter as business deteriorated at its television operations. The company cut its quarterly dividend to 5 cents a share, down from 27 cents in an effort to maintain financial flexibility in the recession. Fourth quarter net earnings declined to $136.1...
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CBS and Time Warner Cable said they reached an agreement that extends the cable operator's retransmission of signals from CBS’s television stations and its carriage of Showtime Networks’ programming through 2013. CBS and Showtime programming will also be part of Time Warner Cable’s Start Over and...