CBS losses $9 billion in 4th Qtr...

FromTexas

FromTexas

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CBS reports $9.1B loss in fourth quarter

NEW YORK (AP) — CBS said Thursday that it lost $9.1 billion in the fourth quarter of 2005 on hefty charges to write down the value of its radio and television businesses.

Its net loss amounted to $6 per share in its first earnings report since it split with Viacom at the beginning of the year.

That compares with a net loss of $18.4 billion, or $10.99 per share, in the comparable period in 2004, when the company also recorded big charges to write down its radio stations, as well as its outdoor advertising business.
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A $9 billion loss? That is huge, isn't it? Since CBS has given us programs many of us have enjoyed for free on their network, shouldn't we all chip in to help correct that loss? We let it go a year ago when they lost $18.4 billion because we were to worried about the oil companies making $9 billion! Maybe we should send all the oil company money to CBS! THAT IS HUGE!!!

Its billions... a nine with nine zeros after it! How can we let billions happen! Nobody should suffer the profit or loss of billions! Not in our socialized America!

So, who is the first in line to pony up some dough for CBS? How can we rip them off so bad by enjoying all those free programs we enjoy?

CSI anyone?
 
FromTexas

FromTexas

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What?! No takers? Everyone was so upset by the $9 billion that Exxon made and wanted some back. Why can't we cough some up for CBS who lost the same amount?
 
Toxick

Toxick

Splat
FromTexas said:
A $9 billion loss? That is huge, isn't it? Since CBS has given us programs many of us have enjoyed for free on their network, shouldn't we all chip in to help correct that loss?
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I've chipped in.

I've bought LOTS of stuff from their advertisers. THOUSANDS of dollars worth.


FromTexas said:
We let it go a year ago when they lost $18.4 billion because we were to worried about the oil companies making $9 billion! Maybe we should send all the oil company money to CBS! THAT IS HUGE!!!
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Funney.

Except that nobody needs CBS to survive. The strength of weakness of their profit margins depend COMPLETELY on their programming which builds viewership.

Whereas the oil companies' strength or weakness depends on the willingness of the public to live in the effing stone age.


It was kind of a cute comparison though.
 
FromTexas

FromTexas

This Space for Rent
Toxick said:
Funney.

Except that nobody needs CBS to survive. The strength of weakness of their profit margins depend COMPLETELY on their programming which builds viewership.

Whereas the oil companies' strength or weakness depends on the willingness of the public to live in the effing stone age.


It was kind of a cute comparison though.
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Ahhh. So, if they have something you determine you need versus something you may want they must not be allowed to make regular profits from it. I got it... one step to socialism at a time. Give me what I need before you give me what I want. Gotcha! It makes it all okay then. :yay:
 
Toxick

Toxick

Splat
FromTexas said:
Ahhh. So, if they have something you determine you need versus something you may want they must not be allowed
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:biteme:

Not in the mood for this today.
Maybe I'll hit you up tomorrow.
 
Mikeinsmd

Mikeinsmd

New Member
FromTexas said:
What?! No takers? Everyone was so upset by the $9 billion that Exxon made and wanted some back. Why can't we cough some up for CBS who lost the same amount?
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Where are all their rich, liberal friends when they need em?? :bubble:
 
Toxick

Toxick

Splat
FromTexas said:
I'm just pointing out everyones greed driven hypocrisy. It wasn't targeting any one person. :yay:
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I'm just pointing out that I still think you're full of crap - but I've had a rough week and I'm not in the mood for a debate - but I would, perhaps, like to argue at a later date, should you be interested.
 
FromTexas

FromTexas

This Space for Rent
Toxick said:
I'm just pointing out that I still think you're full of crap - but I've had a rough week and I'm not in the mood for a debate - but I would, perhaps, like to argue at a later date, should you be interested.
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I take rainchecks. I don't think CBS will cash them though.
 
itsbob

itsbob

I bowl overhand
If you think the Oil COmpanies are making HUGE profits, invest in their stocks, get rich too, but the fact of the matter is, Oil Companies don't do very well for their shareholders, they don't make THAT much money.. If you invested 100% of your investable money in oil, you would be doing much worse then the S&P500, I think the number is somewhere aroune 6 - 8% return on your investment over the last 10 & 20 yer... NOT going to get rich anytime soon with those returns, unless of course you have a couple of million to invest to begin with.

SUcks to be CBS, but what does a LOSS mean.. did they pay out 9 Billion MORE then they took in, or did they take in 9 Billion less then they did last year, but still turned a profit??
 
FromTexas

FromTexas

This Space for Rent
itsbob said:
If you think the Oil COmpanies are making HUGE profits, invest in their stocks, get rich too, but the fact of the matter is, Oil Companies don't do very well for their shareholders, they don't make THAT much money.. If you invested 100% of your investable money in oil, you would be doing much worse then the S&P500, I think the number is somewhere aroune 6 - 8% return on your investment over the last 10 & 20 yer... NOT going to get rich anytime soon with those returns, unless of course you have a couple of million to invest to begin with.

SUcks to be CBS, but what does a LOSS mean.. did they pay out 9 Billion MORE then they took in, or did they take in 9 Billion less then they did last year, but still turned a profit??
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No, it was a loss for the quarter. Last year it was a $18 billion loss for the quarter. Between those two quarters it was only about $9-12 billion of real money though. A good chunk was paper loss. Just like a portion of Exxon profit is paper profit (increased valuations, etc...). The media industry has taken some of the largest losses on record (yet they want to flame Bush for deficits that are but a minor percentage of his "company's" production). :lmao:

You are accurate on the oil companies track record. People don't realize oil companies are always in the spotlight since they are inherently evil as far as John Q Public is concerned. How can you stick it to someone when everyone has you in a fish bowl to stare at? Their good behavior is set by the fact that mommy is always watching them. A track record of 8-10% ROI is not a "winner" company as far as investors are concerned. Its a steady growth and income for those after the slow and steady wins the race mentality.
 
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