CBS shows for 99 cents on iTunes
February 22, 2010
CBS has confirmed it will begin selling some of its television shows for 99 cents per episode through Apple's iTunes service. “There are certain shows that will be sold on Apple for 99 cents,” said Leslie Moonves, chief executive of CBS, adding that CBS had not worked out which shows to offer at lower costs. The lower prices could arrive in time for the consumer launch of Apple's iPad tablet computer.
Over all, in the fourth quarter, the company reported revenue of $3.5 billion, down 1 percent from a year ago, and adjusted net earnings of $171.1 million, up 19 percent from the $139.3 million reported in last year's fourth quarter.
In 2009, revenue declined 7 per cent, to $13 billion, while adjusted operating income fell 40 per cent, to $1.22 billion.