CBS Posts $12.5 Billion Loss with Write-down

October 29, 2008

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CBS Corp. reported a massive quarterly loss as the economic crisis and rapidly deteriorating advertising market tarnished the TV and radio broadcaster’s results and prompted it to take a $14.1 billion non-cash charge.

*For more on this story,

read the full Reuters article.

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CBS Posts $12.5 Billion Loss with Write-down

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