ChasNote

From AdAge:

“CBS said TV revenue fell 4% to about $2.2 billion in the period from about $42.3 billion from the year-ago quarter, when revenue fell about 1%. Meanwhile, radio revenue fell 11% to about $463.4 million from about $519.1 million, when revenue fell about 10%.”

Dang, I can’t remember the last time I told my boss revenues would be down another 4% this year (after being down 1% last year) and convincing him or her that we should all be pleased.  I guess it works if you put those numbers next to the 11% drop in radio sales!  Tough times for broadcast TV.