It's Thursday, February 25th. If the announcement was a bid to stir up interest in CBS stock, it didn't work today, with CBS closing down 1.33 percent. Peter Bart, is editor in chief of Variety and Daily Variety. This is certainly not the first time he's made that comment. Whether this will ever come about, this deal, is dubious.
Stations make a lot of money.
The networks don't . And it's due to a whole bunch of factors. Not the smallest of which is simply the soaring talent costs. The entertainment industry has cultivated its own private inflationary cycle at a time when costs in the economy in general are very static. Peter Bart at Variety.