New CBS Faces Ratings Erosion, The Credit Kind

  • January 4, 2006
Influential credit ratings service Standard & Poor's Tuesday lowered its rating for the new CBS Corp. to "BBB" from "BBB-plus." While CBS remains in a leadership position in network TV, radio, outdoor and syndicated TV, S&P cited weakening "fundamentals" in the radio business and the potential for volatile performance at the CBS and UPN networks as concerns.
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