Online Deals Lift Cbs

CBS, which had long resisted putting its shows online, posted its best quarter ever on Monday, largely as a result of deals it made to put some of its shows online. "Our ability to capitalize on the fundamental shifts in our industry has led to the growth of significant new revenue streams and has also allowed us to increase our share of non-advertising revenue. At the same time, we continue to benefit from underlying advertising growth," CBS CEO Les Moonves said in a statement, as CBS reported that its net income rose to $363 million during the quarter versus $202 million for the comparable quarter a year ago. The results far exceeded analysts expectations, but apparently not those of Sumner Redstone, whose National Amusements company controls both CBS and Viacom. "I know we have the right strategy in place to propel CBS even beyond where it is today," Redstone said. "I know this because we have a management team that proves me right quarter after quarter after quarter."

02/05/2012


Contactmusic

Tags: CBS - Les Moonves

Advertisement

More Cbs

James Corden To Present 'The Late Late Show' In The US

British comedy star and presenter James Corden is set to host an American chat show.The 35 year old will replace Scottish-born Craig Ferguson as the...

James Corden Set To Make U.S Plunge With 'The Late Late Show' Gig

James Corden is replacing Craig Ferguson as host on CBS’ The Late Late Show, according to various reports. The British actor/comedian will be filling the...

Robert Redford & Cate Blanchett In Talks With 'Rathergate' Producers To Play Don Rather & Mary Mapes

It's only been ten years since Don Rather reported on a CBS news programme about the Killian documents, which supposedly showed how former President George...

CBS Stands By 'The Mentalist' - But What's The Show All About?

CBS is the latest network to make tough calls for its 2014/2015 season, picking up six new shows, scrapping one high profile comedy and standing...

Advertisement

Major Broadcasters Try To Take Aereo Streamer Down

The Internet TV start-up Aereo is facing what the business’ founder Chaitanya "Chet" Kanojia calls “the end” should the supreme court side with the myriad...

'How I Met Your Mother' Nearly Got Cancelled - Britney Spears Saved The Day

How I Met Your Mother is a phenomenal success in sitcom terms. To get one season is a dream; to get two is teetering on...

Breaking Bad's Vince Gilligan Moves Over to CBS for New Detective Drama

Having created the most popular, talked about and possibly best TV show of a generation, Vince Gilligan’s presence behind the scenes is highly sought after,...

How A Glimpse Turned into 'Sumbitch' Cookies On A Train: How I Met Your Mother Season 9 Kicks Off

We got a glimpse of the titular and enigmatic mother from How I Met Your Mother at the end of season eight: a woman yielding...

Advertisement

Comments

CBS Newsletter

Subscribe to this news alert service to receive news and reviews on CBS

Unsubscribe | Unsubscribe All