|
CBS Corp. Q1 Revenues Up 12%, Radio Down 2%
RADIO ONLINE | Tuesday, May 1, 2012 | 4:38pm CT
CBS Corp., parent of CBS Radio, reported a 12% gain in first quarter total revenues of $3.9 billion as compared with $3.5 billion in 2011. Local Broadcasting revenues of $622 million remained flat when compared with the same prior-year period. Radio revenues decreased 2%. The broadcaster posted net earnings of $363 million (54 cents per diluted share) up 87% from $202 million (29 cents) in the year-ago period.
Operating income for the first quarter grew 47% from $437 million with improvement in operating income margins up four percentage points to 16% in 2012 from 12% in 2011. Operating income includes a noncash impairment charge of $11 million related to station divestitures. Local Broadcasting operating income fell 3% to $138 million from $143 million for the same prior-year period. (05-01-12)
Menu |
Contact Us |
Subscribe |
Advertise |
Privacy Policy |
About Us
Copyright © 1989-2013 RADIO ONLINE ® The publisher makes no
claims concerning the validity of the information posted on RADIO ONLINE and
will not be held liable for its use. No part of this material may be
reproduced in any form, incorporated in any information retrieval system or
otherwise redistributed without the prior written permission of the
publisher.
|
|
