Wall Street Cuts CBS' Earnings Projections As NFL Ratings Plummet

[To-Whose-Benefit?]

weaselzippers
posted by Zip Oct 17, 3:09 PM

[excerpt]

https://www.weaselzippers.us/360815-wall-street-cuts-cbs-earnings-projections-as-nfl-ratings-plummet/

Taking a knee to the unemployment line.

Via CNBC:

Declining NFL television ratings will lower CBS earnings, according to Credit Suisse.

The firm cut its third-quarter EPS estimates by 5 percent, citing CBS’ softer Sunday NFL ratings. The media company reports on Nov. 2.

“We expect third-quarter network advertising to decline 3 percent (previously +1 percent), driven by soft ratings for both the summer schedule and for the start of the NFL season,” wrote Credit Suisse analyst Omar Sheikh. “With only one of the three content licensing deals we expected for the second half announced in third quarter, we also expect content licensing revenue growth to be skewed to the fourth quarter.”

[To-Whose-Benefit?]

It would be nice if the fans knew what they were bankrolling, but, . . .

http://dailycaller.com/2017/10/16/report-nfl-to-bankroll-social-activism-boot-camp-for-pro-athletes-video/

[Frank Cannon]

It would be nice if the fans knew what they were bankrolling, but, . . .

http://dailycaller.com/2017/10/16/report-nfl-to-bankroll-social-activism-boot-camp-for-pro-athletes-video/

I think the fans know, hence the low ratings and stadium attendance.

[To-Whose-Benefit?]

I think the fans know, hence the low ratings and stadium attendance.

Goodness but you're being charitable Frank.

GD Stadiums outta be near empty.