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Earnings

CBS Interactive Ads Slip 5 Percent, As TV Ad Spend Rises

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In most cases, online is generally the bright spot on a company’s earnings report. But not in CBS’ case, as the Interactive segment’s 5 percent ad decline offset the 8 percent growth at the TV network and cable. No wonder CBS (NYSE: CBS) Research head Dave Poltrack was so incensed last week at a Forrester survey that suggested marketers regarded TV ads as less effective. Overall, CBS’ total revenues were down only 1 percent, as radio and the lack of political advertising balanced out improved ad sales in general, along with growth in affiliate and subscription fees. Nevertheless, despite continued economic weakness, adjusted net income was up 23 percent.

EPS* Rev. vs Q408 Net Inc. vs Q408
CBS Corp. Release N/A Revenue Indicator 1% Net Income Indicator 23%
* vs. Analysts' Estimates: Beat Analysts' Estimates Beat Met Analysts' Estimates Met Missed Analysts' Estimates Missed
Feb 18, 2010 4:07 PM ET

CBS


Posted In: Advertising, Media & Publishing, TV, Money, Earnings, Companies, CBS, CBS Interactive

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