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CBS slashes dividend as income falls 52%
CBS cut its annual dividend by 81 per cent to preserve cash as it reported a steep 52 per cent drop in net income for the fourth quarter. Although the US broadcaster's recent programmes have led viewer ratings, it reported declines in revenue and profits nearly across the board, excluding its digital business, as advertising revenues fell. Posted by: Fred 2009-02-19 |
| http://www.rantburg.com/poparticle.php?ID=262926 |