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News Breaks
February 14, 2013
18:18 EDTCBSCBS CEO Moonves: We had our best Q4 ever in all profit measures
On CBS' (CBS) Q4 earnings conference call, CEO Les Moonves said, "We had our best fourth quarter ever in all profit measures, including OIBDA, operating income and EPS. Our sources of high-margin growth are hitting on all cylinders, and as a result we are driving earnings like never before. 2013 is going to be an even better year with significant growth in retrans, reverse compensation, digital streaming, and domestic and international syndication." Moonves said the company was looking at significantly higher retrans revenue for 2013, and it was ahead of its target of reaching $1B in revenue from retrans by 2017, possibly sooner. He noted that the syndication pipeline remains very robust, and expects 2013 to be a "tremendous year."
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September 30, 2014
06:25 EDTCBSFCC asks media companies for Comcast contract details, WSJ reports
The FCC is pushing for media companies to submit details of their programming agreements with Comcast (CMCSA) ahead of the company's merger with Time Warner Cable (TWC), reports the Wall Street Journal. Citing a person familiar with the matter, the FCC believes the documents contain information that would be relevant in its review. Officials from media companies including CBS (CBS), 21st Century Fox (FOXA), Disney (DIS), Discovery (DISCA), Time Warner (TWX) and Viacom (VIA;VIAB) met with FCC staff earlier this month to voice concerns about releasing highly confidential materials. Reference Link
September 23, 2014
08:06 EDTCBSCBS near-term volatility will create opportunity, says Wells Fargo
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September 18, 2014
06:37 EDTCBSCBS head looks to reduce radio assets within 12 months, Reuters says
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September 17, 2014
17:19 EDTCBSCBS CEO says online ads not cannibalizing broadcast TV ads
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16:58 EDTCBSCBS CEO says Ray Rice scandal may have increased ratings
16:51 EDTCBSCBS CEO says could offer similar product to HBO Go in Europe
Les Moonves is speaking at the Bank of America conference.
September 16, 2014
11:05 EDTCBSJury finds CBS infringed on podcasting patent, ArsTechnica reports
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07:27 EDTCBSBofA/Merrill to hold a conference
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