CBS affiliates to share costs for first time
Article Abstract:
The CBS television network has announced that it has struck an agreement with its affiliates to share the costs of rights for National Football League games for the fall of 1998. Network executives stated that the network would make between $40 million and $50 million from the arrangement. The deal, which involves cash payments on the parts of the affiliates and the exchange of air time, marks the first time the network has sought costs from its affiliates; historically, the network footed all programming costs and has paid its affiliates to broadcast programs.
Comment:
CBS will share N.F.L. programming costs with its affiliates
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Can football revive CBS?
Article Abstract:
CBS Inc., which has suffered losses estimated at between $50 million to $100 million over the last few years, is counting on its contract with the National Football League to revive its fortunes. Network executives portray the eight-year $4 billion contract, or $500 million per year, as the lynchpin to creating profits at the troubled company. CBS, which has been criticized for spending too much on the football deal, also has announced cost-saving layoffs of 200 to 300 employees as part of a reorganization that is designed to save the company $180 million.
Comment:
Has begun cost-cutting measures after signing an eight-year $4 billion contract National Football League
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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High-stakes battle for momentum
Article Abstract:
Industry analysts have reported that television broadcast executives have announced its fall programming line-up, including the debuts of 36 new series. But the television industry seems to be heading toward financial upheaval as companies spend millions for new programming. They point to costly deals, such as Time Warner's Warner Brothers agreement with NBC Entertainment, which will pay $13 million per episode for the popular "ER" series. Fox Television plans to capitalize on its airing of the World Series and Super Bowl.
Comment:
Plans to make inroads into the new fall 1998 season with the airing of the World Series and Super Bowl
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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