“The benefit to the network would certainly be the ability to have younger demographics, ... and cable channels that could be worked together with the network. It gives us more platforms in which to promote the network.”
“We continued to experience strong subscriber growth during the third quarter, which was the best third quarter in our history, and increased our market share from the year-ago quarter by more than 20%.”
“During the quarter, we announced acquisitions in virtually all operating areas of the company -- in television stations, the Internet, outdoor advertising and syndication, ... We believe these new investments will create significant value at both CBS and Infinity in the years ahead.”
“Over the next 12 months, AOL members will view half a billion pages with the CBS News logo framing our editorial content, ... That's a tremendous number of impressions, in a medium that augments our more traditional television and radio audience.”
“The company expects to benefit from the ratings improvement at the CBS television network which, combined with the reduction in its cost structure, will enable the network to become a positive contributor to the company's future cash flows.”
“We're pleased to see improvements in all segments, ... The company's stations group had record operating results with each of the divisions - radio, outdoor and television - contributing to the results.”
“We believe that in offering shares of the new Infinity Broadcasting, we will unlock the value of our largest and fastest-growing operating segment -- our radio and outdoor businesses.”
