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11-20-2003, 10:07 PM
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#1 |
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User Suspended for 2 weeks by Ziroc [Dec30]
Join Date: July 7, 2002
Location: IL
Age: 59
Posts: 472
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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. |
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11-21-2003, 01:45 AM
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#2 |
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Quintesson
 Join Date: September 12, 2001
Location: Ewing, NJ
Age: 43
Posts: 1,079
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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 ] |
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