CBS Cost-cutting?

[Donna Halper <dlh@donnahalper.com>]

I realise article on p. B2 of yesterday's Wall Street Journal story relates
to TV, but do you think Mel will now try to cut costs at his radio stations
too???

"CBS CONSIDERS COST-CUTTING MEASURES AS PROGRAMING EXPENSES SKYROCKET 

The broadcast networks, concerned about their future in light of continual 
strong performance by cable, have been paying astronomical prices for 
popular shows in hopes of keeping audiences. NBC recently agreed to pay $13 
million for each new episode of "ER". CBS, ABC and FOX just struck a $18 
billion deal for the rights to NFL football. Despite this record spending on 
sports and entertainment programming, network viewership continues to 
decline. As a result, CBS Corp. is reviewing possible ways to cut costs and 
increase profitability. While CBS reported a quadrupled net income in the 
second quarter, executives feel under pressure to consider staff reductions, 
outsourcing and other cost saving measures."  [snip]

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End of boston-radio-interest-digest V2 #164
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