Moonves projects $1 billion in interactive revenue
Michael Gay July 31st, 2008
On this morning’s CBS earnings call, paidContent reports that CEO Les Moonves praised the purchase of CNET. Moonves then went on to say, “The stated goal is to reach $1 billion in revenue in the next three years, from the mid-$600 million this year.” Also mentioned in the call was the deal between AOL and CBS Radio to merge their radio streaming efforts. According to Moonves, the deal has doubled radio streams. Personally, my favorite new app on my iPod Touch is the CBS/AOL radio live streaming. (Disclaimer: I worked at CBS for four years.)
2 Comments Add your own
1. Dan | July 31st, 2008 at 7:31 pm
Yeah, the AOL app for iPhone / iPod Touch works fine
but these are streams of local stations, with 15 to
20 minutes of commercial time per hour. Do you believe
these stations will have a chance long term, with
internet radio stations playing the same music,
but with 1 or 2 spots per hour, and generally a higher
bit rate (audio quality) ?
With the iPhone 3G and the 2.0 software, local internet radio could be a big deal. Now you can listen in your car.
Dan
2. Anonymous | August 13th, 2008 at 10:33 pm
How do you accomplish that with a site better known as a DOWNLOADING PORTAL?
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