What a surpise? CBS reports ad sales declined precipitously in Q4.


CBS Corp.'s fourth-quarter net income fell 15%, reflecting station sales and sliding advertising sales. Advertising sales dropped 7%. Radio revenue slid 10%.

OK. Now I’m just piling on. But I spent years listening to the ad guys telling me this day would never come, and TV advertising was and will be king of all marketing efforts. I even remember a lunch with a few big muckety-mucks (short for high-muck-a-mucks) at CBS who made fun of me for even suggesting that TiVo would have an influence on their business. “Hey, it’s only 2% of U.S. households,” they insisted. “Call me when it reaches 20% or higher.”

I tried to call them, but neither works at CBS anymore.

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