PROFILE OF THE WEEK: CBS CORP.

Published on .

CBS Corp.'s CBS TV network, alone among the Big 4 broadcast networks, showed no ratings erosion in the key 18- to 49-year-old demographic in the new TV season's first week. That didn't help CBS stock in last week's down market, where it closed at $24.75 Oct. 2, off 3.18% for the week. CBS President-Chief Operating Officer Mel Karmazin said the company faced "a very difficult business model," with increasing programming costs and affiliate payments. Analysts project the network will lose as much as $100 million this TV season.
In this article:
Most Popular