For those about to shrink, we salute you


Analysts at Barclays Capital expect that CBS earnings will be almost halved from the 54 cents per share they were a year ago, suffering a 26 cent plunge despite a strong performance thus far from the CBS Television Network’s armada of crime dramas. The reason: Weakness at O&O television and radio properties, along with its CNET internet assets and billboards.

RBR observation: But why speculate about a thing like this? We’ll get the story straight from Les Moonves later today.