Good day, everyone, and welcome to the CBS Corporation Fourth Quarter 2011 Earnings Release Teleconference. Today's call is being recorded. At this time, I'll turn the call over to the Executive Vice President of Investor Relations, Mr. Adam Townsend. Pl

Signage is displayed on the CBS Corp. Television City building in Los Angeles.. Signage is displayed on the CBS Corp. Television City building in Los Angeles.. Photographer: Jonathan Alcorn/Bloomberg CBS Corp. (CBS), owner of the most-watched U.S. televi

Profits at CBS surged 17 percent to $384 million in the fourth quarter of 2011, capping off a year in which its net income nearly doubled, according to its earnings report on Wednesday. The strong earnings report, which included a new corporate record fo

Shares of CBS Corporation (NYSE: CBS) are trading down nearly 3 percent in Wednesday's after-hours session following quarterly results. Sales were $3.78 billion for the fourth quarter of 2011, compared with $3.90 billion for the fourth quarter of 2010 an

Shares of CBS (NYSE: CBS) are trading lower in the after-hours following the release of the company's Q4 earnings results. Currently, shares are lower by 2.77%, trading at $28.75; they ended the regular session lower by 0.74%, at $29.57. CBS reported Q4

Signage is displayed on the CBS Corp. Television City building in Los Angeles.. Signage is displayed on the CBS Corp. Television City building in Los Angeles.. Photographer: Jonathan Alcorn/Bloomberg CBS Corp. (CBS), owner of the most-watched U.S. televi

CBS reported a 31 percent fourth-quarter rise in net income to $370 million compared with $283 million a year ago, though revenue dropped 3 percent to $3.8 billion. The company said the revenue fall was due to tough comparisons, given that last year's fo

CBS Corporation released its financial results for the fourth quarter and full year 2011, with CBS Radio revenue down in Q4 but up slightly for the full year. CBS combines its radio and TV results under "Local Broadcasting" in its fiscal reports, but not

Partnering with China Media Capital gave DreamWorks Animation more than just financial backing for its new Shanghai-based studio, as CMC topper and Chinese media maven Li Ruigang is expected to take a key leadership role at the new facility. DWA is expec

It's a very rare book signing that not only brings out Sumner Redstone but inspires him to take the mic and give a speech. Monday night at WeHo's Soho House, the media magnate spoke of "two geniuses," the evening's host, Robert Evans, who gave the world

Hollywood stars are often criticized and envied for commanding lavish pay. But when an actor's career wanes, so does the cash. Not so with corporate CEOs. GMI Ratings, an independent corporate governance research and rating agency, recently looked at exi

(Reuters) - Big U.S. media companies bought back record amounts of their own shares in the last year, with cash generated by cable television networks that drew strong viewership and advertising dollars despite the economic uncertainty. News Corp was the

How long before Mark Zuckerberg morphs into Rupert Murdoch? It may take decades or, given the accelerated lifecycles of Internet companies, just a few years. At some point, though, the overwhelming control investors are ceding to the 27-year old Facebook

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. How long before Mark Zuckerberg morphs into Rupert Murdoch? It may take decades or, given the accelerated lifecycles of Internet companies, just a few years. At some poi

When Paramount was working on "Mission: Impossible -- Ghost Protocol" there were questions about whether Tom Cruise was still a draw at the domestic box office, particularly after his previous film, "Knight & Day" only made $76 million in US ticket sales

Netflix (NASDAQ:NFLX): According to sources close to the matter, Viacom (NYSE:VIA) Chairman Sumner Redstone is expected to approve a subscription revenue agreement with Amazon (NASDAQ:AMZN), and say the companies are putting “the final touches” on a deal

Good day, ladies and gentlemen. Welcome to the Viacom Fiscal First Quarter 2012 Earnings Release Teleconference. Today's call is being recorded. And at this time, I would like to turn the call over to Senior Vice President of Investor Relations, Mr. Jim

NEW YORK - Viacom Inc. on Thursday reported a lower profit for its fiscal first quarter as its film unit swung to an operating loss and the company reported weaker advertising momentum. But management highlighted improving advertising momentum early in 2

LOS ANGELES (AP) — Nickelodeon, the kids' pay TV channel that is home to SpongeBob Squarepants, could soak up the blame for a less-than-stellar quarter for Viacom Inc. The media company controlled by billionaire Sumner Redstone reports its earnings for t