CBS misses predictions but remains positive
CBS has once again failed to meet Wall Street estimates, with Q3 results being hamstrung by a now-resolved 19-day carriage dispute with AT&T. The broadcaster’s revenue grew slightly by 1% to US$3.3 billion year-over-year, but missed estimates by US$60 million. Investment in big-budget content also resulted in a dip of operating income by 21% year-over-year, […]