CBS Corporation Reports First Quarter 2019 Results via @PRNewswire for Journalists



"CBS has once again grown across all of our key financial metrics, while continuing to invest in our future as a global multi-platform premium content company," said Joe Ianniello, President and Acting Chief Executive Officer, CBS Corporation. "We delivered higher profits and achieved double-digit revenue growth, helped in part by Super Bowl LIII and strong increases in affiliate and subscription fee revenues. At a time when others are losing subscribers, our total number of subs across traditional MVPDs, virtual MVPDs and our direct-to-consumer services once again grew strongly during the quarter. In fact, our direct-to-consumer subs grew 71% from last year, and we are seeing strong growth here in the second quarter thanks to premium original series such as The Twilight Zone on CBS All Access and Billions on Showtime. At the same time, we also continue to produce more and more content for a variety of buyers, including Amazon, Apple and Netflix, which will debut the critically acclaimed Dead to Me from CBS Television Studios tomorrow. Plus, in two weeks we'll be unveiling a whole new lineup of hit shows on the #1 broadcast network -- and most-powerful platform in the business -- the CBS Television Network. Given our Company's strong programming pipeline and our early-mover advantage in direct-to-consumer, we feel very confident about CBS' leadership position in a media landscape that values must-have content above all else."  Read More

CONTACT: Press: Dana McClintock, Executive Vice President, Chief Communications Officer, (212) 975-1077, dlmcclintock@cbs.com or Kelli Raftery, Executive Vice President, Corporate Communications, (212) 975-3161, kelli.raftery@cbs.com; Investors: David Bank, Executive Vice President, Investor Relations, (212) 975-6106, david.bank@cbs.com

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