CBS Has $9 Billion Loss On TV, Radio Charges

(From The Associated Press)

CBS CORPORATION reported a loss of $9.1 billion in the fourth quarter on hefty charges to write down the value of its radio and television businesses, the media company reported Thursday.

CBS was reporting earnings for the first time as a separate company since its split with VIACOM INC. was completed at the beginning of the year.

CBS reported the fourth quarter as if it were already a separate entity.

CBS Has $9 Billion Loss On TV, Radio Charges

Tom Blais, thanks for the post.