CBS delivered what the Eye described as the company’s best-ever third-quarter results Wednesday, powered by higher content licensing and distribution revenues.
CBS boss Leslie Moonves addressed the elephant in the room head on during the conference call — namely whether the monthlong blackout this summer of CBS stations in Time Warner Cable markets took a toll on the Eye.
Moonves’ answer was a flat-out no, and he added that the Eye maintained the right to cut lucrative digital deals for its programming even after coming to terms with Tw Cable. He ticked off recent deals with Netflix (for now-concluded Showtime drama “Dexter”), Amazon, Comcast’s Streampix and a broad expansion of the CBS app for Ios and Android platforms.
“The deals show the importance of retaining our digital rights,” Moonves said.
CBS’ flagship New York stations even saw advertising revenue climb 10% during the quarter, despite the August blackout on Tw Cable, »
- Cynthia Littleton
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