New York (March 6th, 2013) - CBS Corporation (NYSE: CBS) announced that it will report results for the first quarter of 2013 after the market closes on Wednesday, May 1, 2013. The Company will then conduct a teleconference call at 4:30 PM, ET. The call is open to the general public. The domestic conference call number is (888) 778-8912.
CBS Corporation is a mass media company that creates and distributes industry-leading content across a variety of platforms to audiences around the world. The Company has businesses with origins that date back to the dawn of the broadcasting age as well as new ventures that operate on the leading edge of media.
CBS owns the most-watched television network in the U.S. and one of the world's largest libraries of entertainment content, making its brand – "the Eye" – one of the most recognized in business.
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News Corp. (NASDAQ: NWSA) announced that its News Limited subsidiary will divest its 44% stake in SKY Network Television Limited, New Zealand’s pre-eminent pay television broadcasting service.
News Limited has appointed Deutsche Bank to underwrite and, together with Craigs Investment Partners, to manage, the sales of its SKY shares. It is expected that the shares will be sold to a broad range of institutional and retail investors. Following the sales, News Limited will no longer have any holding in SKY Network Television Limited.
News Corporation (NWSA) had total assets as of December 31, 2012 of approximately US$63 billion and total annual revenues of approximately US$34 billion.
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