|
|
 |
|
Viewing report
|
|
|
|
Bulletin: CBS Corp. Ratings Unaffected By Increased Quarterly Dividend Announcement Apr 08
Standard & Poors, April 2008
Abstract
NEW YORK (Standard & Poor's) April 29, 2008--Standard & Poor's Ratings Services said today that the announcement by New York City-based CBS Corp. (BBB/Stable/A-2) that it is increasing its quarterly dividend by 8%, from 25 cents to 27 cents per share, has no effect on the ratings of CBS and its subsidiaries, based on the company's relatively stable consolidated operating performance and leverage within our target. For the first quarter of 2008, EBITDA increased 10% on relatively flat revenue. In TV, higher domestic and international syndication sales, in addition to 6% growth in affiliate fees, were offset by a 15% decline in advertising revenue due to the writers' strike and difficult comparisons against the 2007 airing of several major sporting...
Companies mentioned in this report are: CBS Corp.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
