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To: RonDog
It's about time the entertainment business came clean about its profits and losses and how they account to shareholders for the bottom line.

It's difficult to believe the industry is upfront about the revenue from shows we see and hear--like slobola Howard Stern and Ellen Degenerate---and whether advertisers are being told the truth about ratings, which affect ad rates they are required to pay.

Example, many remain skeptical that the smutty Stern show or the Ellen DeGenerate crapola are hits, or even partially succesful.

We need to determine whether the networks are cooking the books, whether they are fraudulenetly pumping ratings numbers in order to sell ads and keep politically-correct shows like Degenerate on the air, and whether advertisers were co-opted into buying ads, and paid higher ad rates by providing false ratings.

We need to know whether networks deceived audiences, and provided false ratings in order to keep losing shows on the air.

We need to know whether broadcasters filed false documents with the FCC with regard to its broadcasting practices, and whether slobolas like Stern and Degenerate filed misleading state and federal documents.

Finally, we need to know whether broadcasters made accurate staments to the IRS about its advertising income, and its corporate income and outgo.

The IRS should determine whether broadcasters misused corporate reserve accounts, concealing losses, inflating asset values and improperly accounting for transactions, as well as deferring profits into reserve accounts, improperly shifting capital funding to other projects to hide illegal payments, and so on.

Any of these practices could jeopardize the financial interests of stockholders and compel the SEC to step in.

Anyone with concerns about these issues, you should contact the SEC here: enforcement@SEC.gov.

Most importantly--- let's not forget that whatever advertisers pay for TV ads impacts on consumers b/c advertising costs are passed on to consumers.

The SEC, FTC, and the DOJ should take steps to ascertain whether the HOllywood entertainment business and the ABCCBSNBC netwroks are in accordance with requirements of the Sarbanes Oxley Act.

13 posted on 02/19/2005 7:38:14 AM PST by Liz (Wise men are instructed by reason; lesser men, by experience; the ignorant, by necessity. Cicero)
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To: All
CBS CORPORATE



14 posted on 02/19/2005 7:42:45 AM PST by Liz (Wise men are instructed by reason; lesser men, by experience; the ignorant, by necessity. Cicero)
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