Keep an eye on: CBS results, shudder

[staff]

Keep an eye on: CBS results, shudder
      

CBS reported fourth quarter financial results on Tuesday morning, confirming the obvious. Old media bad, new media better. Profit dropped 15 percent, dragged by anemic radio, TVÃ, and publishing sales.
The one bright spot? Outdoor. And even that was primarily driven by benefits from the weak dollar.
The challenges facing traditional media are not lost on CBS, which [...]
         

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