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By Kathy Shwiff CBS Corp. posted a third-quarter profit on higher syndication sales as advertising revenue improved. A year earlier, the media giant posted a huge loss on a write-down of its local television and radio stations. Full Article at Wall Street Journal
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CBS Corp. revenue was down, but profits rose for both the third quarter and the first nine months of the year, the company reported Thursday after the markets closed. Full Article at AdWeek
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LOS ANGELES The sale of popular TV shows partly offset a drop in third-quarter advertising revenue at CBS Corp. but the company said ad trends are improving in the final three months of the year. Full Article at San Diego Union-Tribune
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Reflecting a weakened display advertising market, CBS Corp.'s third quarter Interactive revenues declined 15%, the company said on Thursday. That amounts to $121.3 million -- down from $142.3 million during the same quarter last year. Full Article at MediaPost.com
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The broadcast network operator says sales of popular shows to other networks and higher subscription fees for pay-TV service Showtime helped overcome an advertising downturn. Full Article at Fresno Bee
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The operating environment for our businesses continues to improve and we are finishing the year with strong momentum ... So far this year, each quarter has been better than the one before.
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It will affect the fourth-quarter network revenue in a very positive way, and it is not insignificant
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To highlight this strategy, we are realigning our business segments beginning in the fourth quarter
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They needed an outside location
