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Media 1Q Earnings: Bernstein's Grim Outlook

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...

Published Wed, Apr 8 2009 8:22 AM by News

Filed under: Broadcast, Cable, Digital, Advertising, CBS, Viacom, Syndication, Research, Earnings, Time Warner, News Corp., Economy, Walt Disney Co.

Despite Earnings Downturn, Moonves Sees Upfront Success for CBS

Despite the tough economy and a deep advertising market slump that cut CBS’ fourth-quarter earnings in half and forced the company to slash its dividend, CEO Leslie Moonves said he’s looking forward to the upfront. Citing ratings growth at the company...

Published Wed, Feb 18 2009 5:55 PM by News

Filed under: Broadcast, CBS, Earnings, Leslie Moonves, Profits, Economy

CBS Profit Falls 52% on TV Advertising, Charge

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...

Published Wed, Feb 18 2009 3:37 PM by News

Filed under: Broadcast, CBS, Earnings, Profits, Economy, Les Moonves

TV Marketers Pull Back Upfront Buys: What Happens Next?

The recession is finally having a deep effect on the national television advertising market. Last week, major media companies reported that marketers have been exercising options to cancel some of the second-quarter commercial time they bought in the...

Published Sun, Feb 8 2009 10:04 PM by News

Filed under: Broadcast, ABC, Advertising, CBS, Print Edition, Upfronts, Scripps Networks, Turner Broadcasting, Peter Chernin, Fox Broadcasting, CPM, Economy, Ad Options

Q2 Ad Options Deadline Near

Despite troubled times and ratings erosion, many of the broadcast networks are holding firm to the terms of their upfront advertising deals and are unwilling to offer price concessions, according to ad buyers and network executives. Marketers are facing...

Published Sun, Jan 11 2009 10:06 PM by News

Filed under: Fox, ABC, Advertising, CBS, Print Edition, Economy, DVRs, Ad Options

Budget Cuts Hit CBS Staff

CBS Corp. has joined other television companies in cutting staff to trim budgets, with two top executives at the company’s television studio and several mid-level network staffers among the casualties. Maria Crenna, the head of development for CBS Paramount...

Published Mon, Dec 15 2008 7:38 PM by News

Filed under: Broadcast, CBS, Viacom, NBC Universal, Economy

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