CBS Corp. Delivers Strong Second Quarter Earnings as Viacom Merger Talks Proceed

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CBS Corp. delivered strong second quarter earnings on Thursday, posting top and bottom line growth as the company prepares for the transformation of a merger with its corporate sibling Viacom. CBS …

CBS Corp. delivered strong second quarter earnings on Thursday, posting top and bottom line growth as the company prepares for the transformation of a merger with its corporate sibling Viacom. CBS reported what it described as record second quarter revenue of $3.81 billion, up 10% from the comparable quarter last year. Operating income was up [...

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RobOwenTV Too bad I still can’t watch on Directv in LA

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CBS, Viacom merger deal won't be announced ThursdayCBS and Viacom likely won't reach a merger agreement in time for CBS's earnings release on Thursday. The companies originally planned to have a deal by August 8.
La source: CNBC - 🏆 12. / 72 Lire la suite »

CBS And Viacom Prepare To Meet The Street, But No Major Merger News ExpectedViacom and CBS — aka the Richard Burton and Liz Taylor of the media business — are working their way back to the altar again, and by all accounts discussions are progressing constructiv…
La source: DEADLINE - 🏆 109. / 63 Lire la suite »

Viacom: Film Growth & Increased Advertising Help Media Giant Beat Wall Street Estimates For Q3 As CBS Merger Talk ContinuesAs the drumbeat grew louder for a long-awaited merger with CBS, Viacom reported third-quarter earnings that beat market expectations. EPS was $1.20, beating the consensus estimate from analysts of …
La source: DEADLINE - 🏆 109. / 63 Lire la suite »

Gains in Affiliate Fees Power Fox Corp. EarningsGains in affiliate fees and retransmission consent revenue drove Fox Corp.’s fiscal fourth quarter earnings, despite a downturn in advertising revenue and subscriber losses. Fox Corp. on Wedn…
La source: Variety - 🏆 108. / 63 Lire la suite »