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CBS CBS Corp

40.77
0.00 (0.00%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
CBS Corp NYSE:CBS NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 40.77 0 01:00:00

CBS CEO: Sales Pacings Improving At TV Stations

06/08/2009 10:36pm

Dow Jones News


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Les Moonves, chief executive with CBS Corp. (CBS), said Thursday that the media company's third-quarter performance is showing improvement over the second quarter - a sign he cited as showing that an economic turnaround is underway.

"Signs of recovery that began in the second quarter have been gathering steam in the third," said Moonves, though he acknowledged that economic conditions remain difficult.

Moonves said sales pacings at the company's local TV stations, which have been pummeled by the economic downturn and advertising slump, are showing steady improvement.

-By Nat Worden, Dow Jones Newswires; (212) 416-2472; nat.worden@dowjones.com

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