CBS Entertainment Services Inc. Appoints Nina Tassler as Chairman
Feb 20 14
CBS Corporation announced that Nina Tassler has been promoted to Chairman of CBS Entertainment, and has signed a new agreement with the Company that extends through 2017. The announcement was made by CBS Corporation President and CEO Leslie Moonves, to whom Tassler continues to report. In this expanded role, Tassler will lead the Network's Entertainment programming across primetime, daytime and late night, as well as program development in all genres, including comedy, drama, reality, specials and long-form. She will direct a growing year-round programming portfolio that now includes a full slate of original series in the summer and a newly created limited series and live event program unit. Tassler will also oversee Entertainment division matters in advertising and promotion, business affairs, consumer products, digital/interactive, diversity, publicity, scheduling and research. Tassler joined CBS in August 1997 as Vice President, Drama, CBS Productions, before moving to the Network as Senior Vice President of Drama Development in 1998, eventually becoming President of Entertainment in 2003. Before coming to CBS, Tassler headed drama development at Warner Bros. Television, where she helped develop successful series such as "ER." Tassler currently serves on the Board of Directors for the Academy of Television Arts and Sciences Foundation and for the Jewish Family Services, and is a member of the Board of Trustees for Boston University (BU).
CBS Entertainment Services Inc. Reports Earnings Results for the First Quarter Ended March 31, 2013
May 1 13
CBS Entertainment Services Inc. reported earnings results for the first quarter ended March 31, 2013. For the period, the company reported revenues of $2.54 billion increased 10% from the same prior-year period, driven by higher advertising revenues from the broadcast of Super Bowl XLVII on the CBS Television Network as well as growth in network affiliation fees. These revenue increases were partially offset by one less week of NFL games during the first quarter of 2013 as well as the timing of the semifinals of the NCAA Division I Men's Basketball Championship, which aired during the second quarter in 2013 versus the first quarter in 2012. OIBDA increased 17% to $480 million from $411 million for the same prior-year period, principally reflecting the segment's revenue growth. Operating income was $440 million compared to $370 million a year ago.