CBS Management Discusses Q4 2013 Results - Earnings Call Transcript

Feb. 12, 2014 8:50 PM ETParamount Global (PARA)
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CBS (CBS) Q4 2013 Earnings Call February 12, 2014 4:30 PM ET

Executives

Adam Townsend - Executive Vice President of Investor Relations

Sumner M. Redstone - Founder and Executive Chairman

Leslie Moonves - Chief Executive Officer, President and Director

Joseph R. Ianniello - Former Senior Vice President of Finance and Treasurer

Analysts

Benjamin Swinburne - Morgan Stanley, Research Division

Jessica Reif Cohen - BofA Merrill Lynch, Research Division

David Bank - RBC Capital Markets, LLC, Research Division

Michael C. Morris - Guggenheim Securities, LLC, Research Division

Anthony J. DiClemente - Nomura Securities Co. Ltd., Research Division

John Janedis - UBS Investment Bank, Research Division

Alexia S. Quadrani - JP Morgan Chase & Co, Research Division

Douglas D. Mitchelson - Deutsche Bank AG, Research Division

Laura A. Martin - Needham & Company, LLC, Research Division

David W. Miller - Topeka Capital Markets Inc., Research Division

Alan S. Gould - Evercore Partners Inc., Research Division

Marci Ryvicker - Wells Fargo Securities, LLC, Research Division

Operator

Good day, everyone, and welcome to the CBS Corporation Fourth Quarter and Fiscal Year 2013 Earnings Release Conference Call. Today's call is being recorded.

At this time, I would like to turn the call over to the Executive Vice President of Investor Relations, Mr. Adam Townsend. Please go ahead, sir.

Adam Townsend

Good afternoon, everyone, and welcome to our fourth quarter and full year 2013 earnings call. Joining me for today's discussion are Sumner Redstone, our Executive Chairman; Leslie Moonves, President and CEO; and Joe Ianniello, Chief Operating Officer.

Sumner will have a few remarks, and turn the call over to Les and Joe, who will then discuss the strategic and financial results. We will then open the call up to your questions.

Please note that during today's conference call, the fourth quarter and full year 2013 profit

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