CBS (CBS)

Add a New Bears Reason Company: CBS (CBS) Current price: Headline: (100 character max) Analysis: Cancel 65% agree 29 votes   Declining Ad Revenue Top Contributor: Michael Mitchell | Created when NYSE:CBS was $6.27 | Edit | History Approximately 70% of CBS's revenue is earned through advertising sales which are particularly vulnerable to economic downturns. Furthermore, many of CBS's business segments including television and radio broadcasting are undergoing a secular decline in advertising because of the rise of Internet advertising- as a result, CBS's revenue may decline up to 25% this year. In Q4 2008, CBS's revenue declined by 6% following significant drops in advertising expenditures in its television, radio, and outdoor segments. Additionally, automotive ads typically account for about 30% of CBS's advertising revenue. Therefore, the turmoil in the automotive industry will most likely spill over into CBS's advertising revenue for at least the next year. (100 character max) Cancel 40% agree 10 votes   Trends show an increase in time shift programming Top Contributor: Michael Mitchell | Created when NYSE:CBS was $32.43 | Edit | History Trends show an increase in time shift programming (i.e. allows for fast forward) and this may decrease advertisers’ willingness to purchase advertising. Since advertisers may start shifting away from typical cable broadcasting, CBS must find new innovative ways to provide advertising or face significant drops in revenue. (100 character max) Cancel

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