CSI Files
Captain
The posting of earnings from the fourth quarter of 2006 mark <font color=blue>CBS</font>’s first full year as independent company after splitting off from <font color=blue>Viacom</font>. CBS earned a net profit of $335 million in the fourth quarter, up from a net loss of $9.2 billion last year, when results included a $9.4 billion writedown of the value of the company’s radio and outdoor advertising.
Revenue was up 2\% to $3.9 billion with growth in television, outdoor advertising and publishing offset continued declines in radio.
At the time of the split, CBS was dubbed the “slow growth” side of Viacom. However, CBS stock has grown faster than Viacom’s.
CBS CEO <font color=yellow>Leslie Moonves</font> is committed to finding new revenue streams and digital distribution methods for content such as CSI, 60 Minutes and The L Word.
<font color=blue>Merrill Lynch</font> analyst <font color=yellow>Jessica Reif Cohen</font> restated a “buy” rating for the stock on the basis that it remains inexpensive in relation to its peers.
Visit PR Newswire for a detailed financial statement.<center></center>
Revenue was up 2\% to $3.9 billion with growth in television, outdoor advertising and publishing offset continued declines in radio.
At the time of the split, CBS was dubbed the “slow growth” side of Viacom. However, CBS stock has grown faster than Viacom’s.
CBS CEO <font color=yellow>Leslie Moonves</font> is committed to finding new revenue streams and digital distribution methods for content such as CSI, 60 Minutes and The L Word.
<font color=blue>Merrill Lynch</font> analyst <font color=yellow>Jessica Reif Cohen</font> restated a “buy” rating for the stock on the basis that it remains inexpensive in relation to its peers.
Visit PR Newswire for a detailed financial statement.<center></center>