BeBe North should be running CBS!!!
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| CBS profits plunge 96%! https://mail.chicagofanatics.com/viewtopic.php?f=156&t=35777 |
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| Author: | jimmypasta [ Sat Aug 08, 2009 11:45 pm ] |
| Post subject: | CBS profits plunge 96%! |
This might mean more layoffs locally. Don't know how much more they can cut. http://www.deadlinehollywooddaily.com/c ... at-street/ ================ Nevertheless, CBS shares were up 7.14% in end-of-day trading. Les Moonves continues to preside over a small public company that is way too dependent on advertising, and every media company is feeling that slump. (Blame Sumner Redstone, who unequally divided Viacom and CBS, leaving to the latter pay channel Showtime but no cable which has been weathering the recession better than network.) Television (including the O&O's), network, radio, outdoor displays, were all down in the 2nd-quarter compared to last year. The company said it earned $15.4M, compared to a profit of $408.4M a year ago (that included a gain on the sale of its investment in Sundance Channel). Profit plunged 96%. Yes, 96%! Revenue fell 11% to $3.01B, down from $3.03B, lower than analysts had predicted. |
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| Author: | Drop In [ Sat Aug 08, 2009 11:54 pm ] |
| Post subject: | Re: CBS profits plunge 96%! |
Most media companies should find new leaders right now. The business has changed dramatically. |
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| Author: | Aggravated Sox Fan Bob [ Sun Aug 09, 2009 12:07 pm ] |
| Post subject: | Re: CBS profits plunge 96%! |
BeBe North should be running CBS!!!
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| Author: | lipidquadcab [ Sun Aug 09, 2009 12:14 pm ] |
| Post subject: | Re: CBS profits plunge 96%! |
Drop In wrote: Most media companies should find new leaders right now. The business has changed dramatically. I nominate these guys...they'll find you a profit... 
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| Author: | Beebo [ Sun Aug 09, 2009 12:47 pm ] |
| Post subject: | Re: CBS profits plunge 96%! |
jimmypasta wrote: This might mean more layoffs locally. Don't know how much more they can cut. How much beer and truck advertising can you live off of? Auto industry in tank; someone has to realize the beer advertising isn't that effective. |
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| Author: | Score is doomed [ Sun Aug 09, 2009 7:42 pm ] |
| Post subject: | Re: CBS profits plunge 96%! |
Drop In wrote: Most media companies should find new leaders right now. The business has changed dramatically. Most media companies should find NEW talent now, the ones they have sure aren't producing for the big money they get. I'm a stockholder and I suggest they either substantially slash salaries for the "on air talent" or find new talent, because the ones they have aren't producing. |
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| Author: | Beebo [ Sun Aug 09, 2009 8:08 pm ] |
| Post subject: | Re: CBS profits plunge 96%! |
Score is doomed wrote: Drop In wrote: Most media companies should find new leaders right now. The business has changed dramatically. Nor will they, SID. Place is run by MBAs. MBAs don't create: they mimic what succeeded in the past, often with no idea why something flew and others went splat. Most media companies should find NEW talent now, the ones they have sure aren't producing for the big money they get. I'm a stockholder and I suggest they either substantially slash salaries for the "on air talent" or find new talent, because the ones they have aren't producing. |
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| Author: | FYI [ Mon Aug 10, 2009 9:54 pm ] |
| Post subject: | Re: CBS profits plunge 96%! |
Score is doomed wrote: Drop In wrote: Most media companies should find new leaders right now. The business has changed dramatically. Most media companies should find NEW talent now, the ones they have sure aren't producing for the big money they get. I'm a stockholder and I suggest they either substantially slash salaries for the "on air talent" or find new talent, because the ones they have aren't producing. None of them are producing because they are all scared of losing a job, so none of them say anything anymore |
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| Author: | C_Howitt_Fealz [ Mon Aug 10, 2009 11:39 pm ] |
| Post subject: | Re: CBS profits plunge 96%! |
Are those underpants gnomes or TSA screeners? |
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