- Net revenues for the quarter decreased 3% to $80.0 million
- Station expenses decreased 4% to $59.6 million
- Station operating income decreased 1% to $20.4 million
- Adjusted EBITDA was flat at $15.1 million
CBS missed on its top line in the fourth quarter, but Wall Street is paying more attention to how the media giant is executing its five-year targets.
The broadcast channel owner can point to price target raises and buy ratings ahead of the release of its 2016 fourth-quarter earnings.