CBS Sees Q3 Profit Drop on Increased Investment in Programming

  • 📰 Variety
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

CBS Corp. said third quarter profit dropped as investments in new series for its linear and digital outlets and costs associated with its pending merger with Viacom Inc. overcame increases in reven…

CBS Corp. said third quarter profit dropped as investments in new series for its linear and digital outlets and costs associated with its pending merger with Viacom Inc. overcame increases in revenue during the period. The New York owner of the CBS television network and the Showtime premium-cable service is expected to merger with corporate [...

New episodes of Disney Plus original series dropped Tuesday as the streaming service went live in three countries, with second installments of “Star Wars” spinoff “The Mandalorian” and other shows set to become available just a few days later. Disney’s new direct-to-consumer service launched Tuesday in the U.S., Canada and the Netherlands, with company chief [...]ITV revenues were down by 2% in the first nine months of 2019.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 108. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CBS Earnings Drop Amid Higher Content, Streaming Spending Ahead of Viacom MergerCBS Corp. earnings exceed Wall Street estimates in likely final report before Viacom merger, company touts record third-quarter revenue is that merger that will benefit the shareholders, more then the consumers?
Source: THR - 🏆 411. / 53 Read more »

Viacom reorganizes creative team in advance of CBS mergerThree veteran programming executives, Showtime's David Nevins, Nickelodeon's Brian Robbins and MTV's Chris McCarthy, are getting increased turf as part of a management overhaul at ViacomCBS. Who be will be in charge of slanting every story to be against Trump ?
Source: latimes - 🏆 11. / 82 Read more »

Liberty Media, Parent of SiriusXM, Sees Third-Quarter Earnings FallLiberty Media, the company that is controlled by billionaire mogul John Malone and houses such assets as satellite radio company SiriusXM Radio, the Atlanta Braves baseball club and the Formula One racing circuit, on Monday reported lower third-quarter earnings as higher costs and expenses outweighed increased revenue.
Source: billboard - 🏆 112. / 63 Read more »

CBS CEO will keep the top job but still get $100 million in severance - Business InsiderJoe Ianniello will stay on at ViacomCBS after the merger but in an unusual arrangement, will still get a hefty payout. 🕪يارب ❤🕊❤
Source: BusinessInsider - 🏆 729. / 51 Read more »