I'm afraid that sometimes Schadenfreude is called for.
Reuters: a disappointing 2006 outlook sent its shares down sharply. Reuters shares fell 10 percent to 406 pence ($7.11) in trading on the London Stock Exchange. Numis Securities noted that the company's guidance of 3 percent underlying revenue growth for 2006 was below forecasts of 4 percent. "The shares have had a good run but numbers are at the bottom range of expectations..."
CBS Records $9B Loss on TV, Radio Charges to write down the value of its radio and television businesses, a net loss amounting to $6 per share for the three months ended Dec. 31, weighed down by charges to write down the fair market value of its radio and television properties. The valuations of radio stations in particular have suffered in recent years due to stagnant revenues and higher costs.
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