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...
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Thu, May 7 2009
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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...
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Wed, Apr 29 2009
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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...
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Fri, Apr 17 2009
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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...
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Wed, Apr 8 2009
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Filed under: Broadcast, Cable, Digital, Advertising, CBS, Viacom, Syndication, Research, Earnings, Time Warner, News Corp., Economy, Walt Disney Co.
CBS Corp. reported a third-quarter net loss of $12.5 billion, or $18.58 per share, despite a slight uptick in revenue that came mostly from syndication growth and the acquisition of CNET. CBS had said earlier in October that it would be taking a $14 billion writedown because of the diminished market...
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Thu, Oct 30 2008
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Filed under: Broadcast, Cable, Showtime, Advertising, Syndication, Katie Couric, Earnings, Leslie Moonves, CBS Corp., CNET, CBS College Sports Network, Sumner Redstone
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...