Wednesday, November 13, 2013

Joe Ianniello Sez CBS Corp. ‘Likes’ Radio, But…

Joe Ianiello
CBS Corp. COO Joe Ianniello on Tuesday discussed Aereo, the growth upside of Showtime, and the outlook for retransmission and reverse compensation revenue at an investor conference, according to THR.

Appearing at a Wells Fargo investor conference, he also said CBS Corp. would consider buying cable networks or TV stations if the price was right and the asset provided strategic opportunities.

Asked about Aereo, Ianniello initially quipped: "How do you spell Aereo?"

Aereo captures over-the-air TV signals and relays them to its subscribers' digital devices. Broadcasters have sued, arguing that the digital company infringes on their copyrights.

How does he feel about the CBS Radio business?

"We like it" and remain bullish on it, he said. But he again signaled that the company may continue to sell smaller, medium-sized market stations. Ianniello said the digital age has in some ways made radio an even more attractive business.

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