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Technology Stocks : VIAB (Viacom Class B shares) formerly CBS -- Ignore unavailable to you. Want to Upgrade?

To: Patrice Gigahurtz who wrote (2666)	10/1/1998 3:20:00 PM
From: John M Connolly	Read Replies (1) \| Respond to of 4613

All: Reuters is reporting the following, CBS profit margins "significantly higher" in 1998 Reuters Story - October 01, 1998 11:46 WASHINGTON, Oct 1 (Reuters) - Profit margins at CBS Corp. which scored a suprise victory in last week's television ratings race, will be "significantly higher" in 1998 compared to the previous year, president and chief operating officer Mel Karmazin said on Thursday. "In the case of CBS, margins are growing," Karmazin told reporters after speaking at the Georgetown University Law Center. "Our margin as a company in 1998 will be significantly higher than in 1997." Karmazin attributed the improving margins to the network's growing audience and better sales of advertising. "We're picking up market share and we're doing a better job selling advertising this year than in previous years." CBS filed an application last month to spin off a portion of the ownership of its radio holdings, Infinity Broadcasting Corp. Karmazin said the spin-off would help, not hurt the price of CBS's own stock because CBS is retaining significant ownership in Infinity. CBS Corp had earnings of $549 million, or $0.84 per share, on revenues of $5.36 billion in 1997. Copyright 1998 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. John