Posted on 10/16/2017 2:04:05 PM PDT by advance_copy
Declining NFL television ratings will lower CBS earnings, according to Credit Suisse.
The firm cut its third-quarter EPS estimates by 5 percent, citing CBS' softer Sunday NFL ratings. The media company reports on Nov. 2.
"We expect third-quarter network advertising to decline 3 percent (previously +1 percent), driven by soft ratings for both the summer schedule and for the start of the NFL season," wrote Credit Suisse analyst Omar Sheikh. "With only one of the three content licensing deals we expected for the second half announced in third quarter, we also expect content licensing revenue growth to be skewed to the fourth quarter."
(Excerpt) Read more at cnbc.com ...
I want the players to hang tough and ride this thing into the ground.
Having fun yet, NFL? Just wait until your sponsors show up with pitch forks, torches, and dogs at your offices.
Me too. I hope they have the courage of their convictions to continue the protest until the NFL is just a passage of historical reference.
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