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CBS Radio Revenues Fall--Again

S

SmokeRing

Guest
AllAccess says CBS Radio 2nd quarter revenues fell 11%. When is the last time they rose? I sure can't remember.
 
The overall company revenues falling can be blamed on the demise of UPN, the sale of radio and TV stations, and the NCAA basketball tournament falling in first quarter.

Some interesting numbers that make the news not quite so negative... Net earnings from continuing operations fell from $489.8 million to $404 million, although 2006's number included a $129 million tax benefit. Adjusting for the tax benefit and station sales, net earnings from continuing operations rose 9% to $393.1 million (per share up 15% to 54 cents). Free cash flow rose 4% to $570.5 million.

Aww, there I go posting facts again. :(
 
Spinning numbers doesnt help. Overall CBS did not do well
 
Aww, there I go posting facts again.
Click to expand...

Better check those facts again. You didn't read the part of the story about CBS Radio specifically. Your info concerns CBS overall, including TV, outdoor, and Simon & Schuster.

Radio fell. Here's the skinny:

"At CBS Radio, revenue slumped 11 percent as the company sold stations in 10 markets since the year-ago quarter. Still, adjusted to compare revenue at stations owned in both periods, revenue was down 5 percent on a sharp drop in advertising."

See:
http://www.nytimes.com/aponline/business/AP-Earns-CBS.html?_r=1&oref=slogin
 
I got my facts from allaboutcountry.com and it was an exact quote. You are welcome to check it yourself and/or take it up with them.

By the way, which terrestrial radio company is doing well nowadays?
 
I got my facts from allaboutcountry.com and it was an exact quote. You are welcome to check it yourself and/or take it up with them.
Click to expand...

Like I said, what you posted IS in the story. But it's the part of the story that pertains to the overall company. You made an honest mistake, but I assure you, a mistake it is.

CBS Radio fell. Again.
 
And I posted some positive numbers on the parent company. Is that okay with you or do I have to ask your permission first?
Click to expand...

I just want to make it clear to everyone that your "facts" had nothing to do with my original post.
 
Well, I'm sure glad we cleared up that the parent company has nothing to do with its child company!
Click to expand...

Does AllAboutCountry.com refer to CBS Radio as a "child company"? I like that. May have to start using it myself.
 
BenB said:
The proper term that I perhaps should have used is subsidiary.
Click to expand...

I liked "Child Company" better. It was funny :)

R
 
Me thinks ye olde Ben needs to walk away from the discussion group for awhile, and rest. His demeanor is overpowering his ability to comprehension. A D.E. in the making? :eek:
 
KPLEXCOMPLEX said:
Me thinks ye olde Ben needs to walk away from the discussion group for awhile, and rest. His demeanor is overpowering his ability to comprehension.
Click to expand...

I was just thinking the same thing.

R
 
Lighten up Francis...er, Ben. They are hemoraging money, and ratings are following on the radio side because there is very little in the way of innovative broadcasting. You want to know who IS doing well? Look at the folks who are still broadcasting to the people they serve. And ease up on the overall company numbers, because you have no idea what the back story is.
 
Good advice Talk-Talk. Someone is trying to impress to move up the rickety ladder.
 
Talktalk said:
Lighten up Francis...er, Ben. They are hemoraging money, and ratings are following on the radio side because there is very little in the way of innovative broadcasting. You want to know who IS doing well? Look at the folks who are still broadcasting to the people they serve. And ease up on the overall company numbers, because you have no idea what the back story is.
Click to expand...

Well, to be fair, the radio group isn't hemoraging money. The year over year numbers are down quite a bit, but they divested some markets during that time...based on the current stations they own, the radio revenue was down 5%.

Certainly, the previous CBS regime should be blamed for ruining a lot of stations with crummy and uninteresting programming. I'm curious what the new bunch will do. They've said they would be looking at fixing each market one at a time. They've already dumped "Free FM" WFNY in New York to bring back WXRK and dumped "Jack" there to bring back a version of CBS-FM. "Free FM" was dumped in the Bay Area to bring back a version of KFRC. Whether or not they make the right moves everywhere remains to be seen...but compared to what was happening (forcing a "Jack" and "Free FM" everywhere), at least moving some of the control back to the local markets (WFNY to WXRK, letting KLLI drop the "Free FM" handle, etc.) is at least moving in a better direction than it was.
 
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