CBS, owned by Viacom, takes a $15 million bath on the Reagans, then takes another $10 million hit with a Jacko special that is being shelved in light of current events.

Not a good month for Les Moonves, eh.

That 10 million isn't going to make a dent in a company who had 6.6 billion in 3rd quarter revenues (1.8 billion of which were Viacom?s television assets, that is CBS and UPN). A 10 million doller loss is roughy a change of half a cent on the earnings per share, not the kind of thing that makes you run and sell a stock.

Source

[ 11-21-2003, 01:46 AM: Message edited by: Seraph ]