Garrett Wollman wollman@bimajority.org
Mon Apr 2 21:23:41 EDT 2018

<<On Mon, 2 Apr 2018 13:34:07 -0400, Scott Fybush <scott@fybush.com> said:

> And in most other CBS markets, the radio news operations had long since 
> been moved to separate physical locations before the stations were sold 
> off.

For financial reporting, radio and TV are frequently considered
separate "segments", and when reporting segment results to Wall
Street, the services provided by one business segment to another have
to be accounted for -- as if radio was paying rent to TV, or both were
paying rent to some real-estate business.  At that point, the
management of each segment might well feel that they don't get much
benefit out of physical consolidation, and maybe they can get better
prices from another landlord/tenant.  For the full company results,
these "intra-company transfers" are eliminated, but that's not how the
managers of each business are evaluated come bonus time.


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