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Thursday, Feb 14
CBS (CBS): Q4 misses across the board on a 2% rise in total revenue. Net profit grew 6.2% Y/Y...
CBS (CBS): Q4 misses across the board on a 2% rise in total revenue. Net profit grew 6.2% Y/Y however as the media firm saw political and network advertising sales grow. Advertising sales grew 3.4% to $2.42B, driven by higher political and network advertising, while affiliate and subscription fees improved 8.6% on growth at cable networks and higher retransmission revenue. Both helped to offset a 6.5% decine in content-and-licensing revenue. Shares -1.4% AH.