delivered a mixed set of third-quarter results, with earnings per share of 95 cents on an adjusted basis exceeding Wall Street analysts’ consensus forecast by two cents.It is expected to be the final quarter of results for CBS as an independent company before the CBSViacomAdjusted operating income fell 21% tofor the same period in 2018, with costs related to the Viacom merger and increased spending on programming taking a bite.
Acting CBS CEO Joe Ianniello flagged several areas of strength in the official earnings release. Direct-to-consumer revenue from the CBS All Access and Showtime streaming services gained 39% over the same quarter a year ago, a surge the exec credited to original programming.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CBS Sees Q3 Profit Drop on Increased Investment in ProgrammingCBS 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…
Source: Variety - 🏆 108. / 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 »
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 »
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 »