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Nov. 5th, 2009
CBS 3Q Profit: Revenue beats expectations
Nov. 5th, 2009 10:40 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
weber_dubois22
LOS ANGELES — CBS Corp. posted third-quarter earnings that beat analyst forecasts Thursday as sales of popular shows to other networks and higher subscription fees for pay-TV service Showtime helped overcome an advertising downturn.
The New York-based broadcast network operator, which is controlled by media mogul Sumner Redstone, posted net income of $208 million, reversing a $12.5 billion loss in a year-ago quarter that was marred by impairment charges. Adjusted for one-time items, the earnings came to 25 cents per share, past analyst expectations for 22 cents per share. Revenue fell less than 1 percent to $3.35 billion, also beating forecasts of $3.2 billion.
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weber_dubois22With the early renewal of some of CBS' more "popular" Television Series (CSI: Miami, How I Met Your Mother, NCIS, NCIS: Los Angeles, and Two and a Half Men, The Big Bang Theory, Criminal Minds, CSI: Crime Scene Investigation, CSI: NY, The Good Wife, and The Mentalist), the decrease of a full-season episode (22) to a half season episode roster (16) for Numb3rs, adding onto one of the NCIS series, tvseriesfinale.com (TVSquad and Entertainment Weekly, respectively) are already predicting the demise of Series Vetrans like Ghost Whisperer, MEDIUM, Cold Case, the aformentioned Numb3rs, Old Christine and CBS' newer fall debut shows (Accidentally on Purpose, Three Rivers, Gary Unmarried).
Now the newer shows (Three Rivers and Accidentally on Purpose in particular), or even The New Adventures of Old Christine, I could see getting the axe. But their speculating the end of the older series, CBS' strongest weekend frontrunners, seems just a awfully premature in my opinion.
MEDIUM just debuted on CBS Channel, and from its 8 to 7 Million Viewer fluxation through its six, going on seven, episode run so far, I honestly can't see how it warrents to for cancellation. Ghost Whisperer and Numb3rs are CBS' top shows on Fridays, despite their dipping ratings, and Cold Case, from what I've seen sustains itself quite well on Sundays (but apparently, for whatever reason, its ratings are also "suffering" this year and suffered last year as well).
It might be fangirlism, but I swear the world-wide-web won't be happy until they can refer to MEDIUM (or even GW) in the past-tense.
Now the newer shows (Three Rivers and Accidentally on Purpose in particular), or even The New Adventures of Old Christine, I could see getting the axe. But their speculating the end of the older series, CBS' strongest weekend frontrunners, seems just a awfully premature in my opinion.
MEDIUM just debuted on CBS Channel, and from its 8 to 7 Million Viewer fluxation through its six, going on seven, episode run so far, I honestly can't see how it warrents to for cancellation. Ghost Whisperer and Numb3rs are CBS' top shows on Fridays, despite their dipping ratings, and Cold Case, from what I've seen sustains itself quite well on Sundays (but apparently, for whatever reason, its ratings are also "suffering" this year and suffered last year as well).
It might be fangirlism, but I swear the world-wide-web won't be happy until they can refer to MEDIUM (or even GW) in the past-tense.