CBS 2Q16 Earnings Call Notes

CBS Corporation’s (CBS) CEO Leslie Moonves on Q2 2016 Results

2m OTT subs goal of 8m by 2020

“As you recall, we set a goal of 8 million subscribers between All Access and Showtime OTT by 2020, representing $800 million in new revenue. With more than 2 million subs between them already, we are confident that this will be easily achieved.”

Joe Ianniello

We expect a great year for advertising

“We expect a great year for advertising. Year-to-date, underlying network advertising was up 7% and we anticipate a strong finish to 2016 led by our new upfront pricing as well as a strong marketplace for sports advertising that really begins with the kickoff of the NFL season in September.”