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
Time Warner reported lower first-quarter earnings because of big losses at AOL, but said profits were up at what it called its “Content Group.” Net income was $661 million or 55 cents a share, down from $771 million or 64 cents a share a year ago. Revenues fell to $6.9 billion from $7.5 billion. Time...
Posted to
The Business of Television
by
News
on
Wed, Apr 29 2009
Filed under:
Filed under: Broadcast, Cable, Digital, HBO, Syndication, Earnings, Time Warner, Jeff Bewkes, Turner Broadcasting, AOL, Warner Bros., first quarter
First-quarter earnings fell 45% at NBC Universal, parent company General Electric announced Friday morning. While its cable networks continued to deliver double-digit growth, GE CEO Jeff Immelt said in a statement, “NBC Universal has a tougher performance overall due to a soft advertising market and...
Posted to
The Business of Television
by
News
on
Fri, Apr 17 2009
Filed under:
Filed under: Broadcast, Cable, Digital, Syndication, NBC Universal, Earnings, General Electric, Jeff Immelt, Keith Sherin, first quarter
Investment firm Sanford C. Bernstein on Wednesday released a new pessimistic report on media company earnings. “The recent run-up in media stocks suggests investors are looking past the horrid near-term trends to a happier place off in the horizon,” said analyst Michael Nathanson in a report. “However...
Posted to
The Business of Television
by
News
on
Wed, Apr 8 2009
Filed under:
Filed under: Broadcast, Cable, Digital, Advertising, CBS, Viacom, Syndication, Research, Earnings, Time Warner, News Corp., Economy, Walt Disney Co.
Internet television network Revision3 tripled its revenue in 2008 and also signed more than 40 new deals this year with content providers including Hulu, YouTube, MySpace and Yahoo, Revision3 announced today. The news of the company’s growth comes just two weeks after Revision3 laid off about 10 employees...
Record ratings and double-digit growth at its cable properties helped NBC Universal beat expectations and stand out as a golden-haired child of parent company General Electric, which reported a 22% drop in net income for the third quarter. Considered an economic bellwether, GE said Friday that its net...
CBS Corp. eked out a 1.1% rise in profits for the quarter ended June 30. It got a boost from the sale of its stake in the Sundance Channel, but soft local advertising revenues and a prime-time ratings dip led it to lower expectations for the fiscal year to low-single-digit growth. The company also announced...