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Posts Tagged ‘CBS Television Stations’

Moonves Says CBS Local Stations Worth More After Time Warner Battle

CBS president and CEO Les Moonves revealed what he sees as the silver lining coming out of his company’s long fight with Time Warner Cable over retransmission fees.

In a conference call during the Bank of America Merrill Lynch 2013 Media, Communication & Entertainment Conference in Beverly Hills, Moonves was asked whether CBS would jump into the pool of groups buying and selling stations. “There are a few stations in the CBS affiliate group that we don’t think are particularly well run,” he said. “Those are the ones we look for as opportunities [to buy]. We say, if we took them in we could make them substantially better,” taking the GM’s of his owned stations off the hook when he made it clear he was talking about the stations CBS doesn’t own.

“By the same token, I guess, in some of our smaller markets,” said Moonves. “There might be a station or two, if the offer is right, that we would sell. But guess what?” he added. “The value of these stations over the last 12 months has gone up substantially and right now people know why.  They’re all saying, ‘Oh my God! Retrans is a serious amount of money.’ Stations, therefore are much more valuable than they ever were.”
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FOX Tops in Ad Revenue Among Station Groups

TVNewsCheck and BIA/Kelsey have put out a list of the top 30 station groups ranked by the ad revenue taken in during 2012.

While FOX Television Stations ranks number one with a 2012 revenue of $1.8 Billion according to the survey, the big surprise was Sinclair Broadcast Group which landed in the third spot. CBS Television Stations was sandwiched between the two in second with $1.6 Billion in revenue.

Mark Fratrik, BIA/Kelsey VP and chief economist said in the article, “Sinclair has recently acquired many stations, and those acquisitions are reflected in the totals,”

You can see the list of the top ten station groups after the jump or check out the entire list by clicking here. Read more

CBS Station Revenue Up 17% in Q4

CBS Television Stations reported a 17% increase in revenues during the fourth quarter of 2012.

Local broadcasting revenues, which include both television and radio stations, were $787 million compared to $721 million for the same quarter last year, an increase of 9%. The company as a whole reported $3.7 billion in revenues for the quarter, a slight increase of 2% from the year-ago quarter.

“CBS has turned in another quarter of exceptional performance, capping off another terrific year,” CBS corporation executive chairman Sumner Redstone said in a statement. “Our results today speak to the strength of our strategy — producing and distributing great content and monetizing it over and over again.”

CBS Television Stations Pick Up ‘The Queen Latifah Show’

CBS has signed the “Queen Latifah Show” to air on all of its 16 CBS owned and operated stations beginning in 2013, according to Deadline.com.

Deadline reported competition was said to be fierce among networks vying for the daytime show executive produced by Queen Latifah, Will Smith and Jada Pinkett Smith among others.

Shortly after the dust settled on this fall’s syndicated daytime talk show launches that failed to produce a breakout hit, Sony TV began conversations with station groups about the Queen Latifah talker, garnering interest from multiples places. I hear negotiations went down to the wire with the CBS and NBC station groups.