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CBS turns $15 million profit following Colbert exit, Jonathan Turley notes

CBS turns $15 million profit following Colbert exit, Jonathan Turley notes
CBS posts $15 million profit after Colbert

Jonathan Turley highlights financial developments at CBS following the departure of Stephen Colbert.

According to Turley, CBS will not save $40 million in annual lost revenues by canceling Colbert, but has already announced it is generating a $15 million profit with his departure.

Earlier this month, Jonathan Turley pointed to Stephen Colbert’s latest act as a sign of declining ratings and revenue for the show, according to his previous report. Turley has also commented on other corporate outcomes, including the loss of flights and jobs for Spirit customers following a blocked merger, detailed in a separate article. These observations reflect Turley’s recent focus on financial developments tied to major media and transport decisions.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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