Digital revenue figured prominently in the earnings call, with Moonves pointing to the positive effect of distribution deals with Amazon , Netflix and Hulu Plus ,which is co-owned by NBC Universal , News Corp , Disneyand Providence Equity Partners.
“Interest in our content from all these new entrants in the marketplace is extremely high,” Moonves said.
And this new revenue seems to be purely incremental. As to the digital distribution of Aereo , Barry Diller’s new technology that will not compensateCBS with retransmission fees, Moonves said, “It is not something I lose sleep over even for five minutes.”
Moonves was also bullish about CBS’ bread and butter — pointing to high-quality content and growing advertising. He said that 80 percent of next year’s Super Bowl ads are already sold out, local broadcasting revenue is pacing up in the “high single digits,” and the outdoor segment will benefit from the Olympics .
He said he’s “confident there’s significant upside ahead” when it comes to negotiating retransmission deals. But he made a point of the fact that CBS hasn’t had an “incident” — a blackout like Viacom and DirecTV’s .Page 2 of 3 | Prev Page | Next Page