CBS is worried that the Daytime Emmys will draw a low viewership this year, as its popularity has been declining in years past. In an effort to up the ratings, the network has gotten Regis Philbin to host, and has secured appearances from celebrities such as Cher, Garth Brooks, Jay Leno, and Simon Cowell.
CBS posted its results for Q1 2010, reporting a revenue of $3.53 billion, up from $3.16 billion the year before. Its net income for the quarter was reported at a loss of $26.2 million, an improvement from the loss of $55.3 million the year before.
CBS reported a narrower first-quarter loss as advertising sales rebounded. The net loss of $26.2 million, or 4 cents a share, reflects restructuring and tax related costs, and compares with a loss of $55.3 million, or 8 cents, a year earlier. Sales gained 12 percent to $3.53 billion, New York-based CBS said today in a statement, exceeding the $3.45 billion average of 14 analysts’ estimates compiled by Bloomberg.
Tiger Woods' return to golf at the Masters drew the biggest audience for a golf broadcast in cable history. Nearly 5 million viewers tuned in to see how Woods would fare after some five months out of the spotlight, a 47% uptick from last year’s opening round coverage of the tournament.
CBS Interactive Music Group announced the Radio.com App for iPad is now available on the App Store. The app was created exclusively for iPad to make it easier than ever for music, sports and news fans to immerse themselves in their mobile media experience while navigating through and engaging with an expansive array of high quality content.
UK broadcaster Five has signed a deal with CBS to make programs available on the US network’s on-demand video website TV.com. The partnership allows CBS to steal a march on its US rivals ABC, Fox and NBC, whose video-on-demand portal Hulu has yet to break into the UK market despite long-running talks with rights owners.
CBS announced its fiscal results for Q4 2009, reporting a net revenue of $3.5 billion, less than 1% down from the $3.53 billion of Q4 2008, while its operating income was $421.8 million, up 16% from $362.4 million for the same quarter last year.
CBS is expected to benefit highly from this year's Super Bowl, which drew a 23 year high for viewership due to its numerous compelling storylines (such as the rise of the Saints in post-Katrina New Orleans and a matchup between Drew Brees and Peyton Manning)
According to Barclays Capital, Fox TV stations posted quarterly revenues that were much higher than expectations. Because CBS and Fox are the two largest owners of TV stations in the US, analysts claim that these results bode well for CBS
With the release of the iPad, Apple could alter the landscape of the electronic, currently dominated by Amazon's popular Kindle device. The success of Apple bodes well for CBS, who is in talks with Apple to form a partnership over offering subscriptions.
Jefferies has upgraded CBS from hold to buy, citing improving trends in advertising and a reasonable valuation
Apple's proposed partnership with CBS has now grown into a potential three-way partnership that now includes Disney. The two media powerhouses would combine with Apple to offer television subscriptions over the internet in 2010.
CBS and ABC are both in talks to offer TV shows through a subscription-based online service planned by Apple. The service, which Apple would like to introduce next year, would give iPod and iPhone users an alternative to buying downloads through the iTunes service
As a result of the Tiger Woods scandal, the PGA Tour, Golf Inc, Nike, and CBS are expected to lose $220 million in revenue in ads
CBS reported that advertisers are now paying 25% more for TV commercials than they did earlier in the year, indicating that businesses are confident the economy is on the mend
Fitch Ratings announced that its outlook for the media/entertainment industry is finally stable after making it through the worst of the advertising downturn, although other broad economic risks remain a concern.
Thanks to a new deal it signed with Microsoft (which allows users to sign up via Xbox Live), the CBS-owned Last.fm gained almost a million new users in the past few weeks
Although CBS reported Q3 revenue was essentially unchanged from the year before, its radio and outdoor advertising divisions suffered steep declines in sales
CBS announced its results for the third quarter of fiscal 2009, reporting a revenue of $3.35 billion and an operating income of $418.2 million.
Analysts say CBS will likely hit its third-quarter estimates, with an upside for next year. CBS expects to earn between $1.25 billion to $1.925 billion for fiscal 2009
CBS posted the highest ratings in primetime TV for the fourth straight week, and the network's shows "NCIS" and "NCIS: Los Angeles" were the most watched show and most watched new show for the fourth straight week as well
Under new legislation just approved by the Senate Judiciary Committee, radio station owners such as CBS will have to pay fees to play music on the air. Although some broadcasters support the legislation, CBS is against it, claiming that radio play promotes music and should thus remain free
CBS Corp.’s Internet unit was sued by a U.S. software maker over claims that the company’s ZDNet China Web site helped Chinese government-backed firms dispense a stolen program used to censor political and religious content
CBS completed a previously announced sale of four radio stations in Portland, Ore. to Alpha Broadcasting for $40 million in cash.
CBS Corp was accused of securities laws violations on behalf of CBS investors, who purchased their shares between February 26, 2008 and October 10, 2008. An investigation on behalf of current long term investors in CBS was announced.
CBS, which tested the mobile live video market with streaming March Madness games earlier this year, plans to stream SEC games through an app developed with MobiTV for free online and for a $9.99 on mobile phones.
The CEO of CBS announced that he expects the auto sector to come back, and that its advertising will provide a boost for CBS, as the automobile industry is a major advertiser for the company
CBS made the top ten of Audit Integrity's Bankruptcy Risk list, placing 8th with a 6.2% of declaring bankruptcy in the coming year
CBS made the top ten of Audit Integrity's Bankruptcy Risk list, placing 8th with a 6.2% chance of bankruptcy in the coming year
The CEO of CBS announced that improvements that had been occuring in advertising markets continued into Q3 2009.
Deutsche Bank cut its forecast to an EPS of 6 cents, compared to previous estimates of 10 cents per share. This cut revolves mainly around concerns of declining ad revenues- CBS' shares fell 5.1% following the announcement.
CBS ended the season as the most-watched network and the only one of the four major networks to increase its viewership during the 2009 season. Overall, CBS's viewership grew by 11% during the season.
CBS's revenue fell 13% during the quarter because of slumping ad sales across its business segments. As a result, CBS operated at a loss of $55 million during the quarter or 8 cents per share, compared to a profit of $244 million a year earlier. The results missed estimates of profit of 7 cents per share.
CBS's shares were up 21% on Friday on some analysts' hopes that the broadcasting-advertising market had reached a bottom.
The company declared a 5-cent quarterly dividend on 4/8, marking an 80% drop from the previous dividend. The move represents a move to save CBS about $450 million per year.
CBS's revenue fell by 6% during Q4 2008, because of falling advertising sales across all its business segments. Furthermore, the company's net income dropped by 52% during the quarter. Because of this weak performance, the company announced plans to cut its dividend to 5 cents a share from 27 cents in a move that will save the company an estimated $450 million.
CBS announced a multiyear agreement with concert provider Live Nation. Under the agreement, CBS radio will help market Live Nation's 12,000 annual concerts as well as coproduce new events with Live Nation.
Soleil Analyst Laura Martin downgraded CBS from buy to hold. Martin predicts falling advertising revenue and higher borrowing costs in the near term.
CBS Announces agreement to purchase CNET Networks for 1.8 billion dollars, working out to $11.50 per share.
CBS's news writers announced that they too may join the strike of television writers across the country. The strike has been seriously affecting CBS's programming since it began on November 5th.
