Exhibit 99.3
CBS CORPORATION
SEGMENT INFORMATION
($ in millions)
Three Months Ended Total Year
December 31 December 31
-------------------------------------- -----------------------------------------
1999 1998 % CHANGE 1999 1998 % CHANGE
---- ---- -------- ---- ---- --------
TOTAL CONTINUING OPERATIONS
Revenue $ 2,219 $ 1,791 23.9% $ 7,373 $ 6,805 8.3%
Operating Profit (Loss) 298 117 154.7% 956 482 98.3%
OP (Loss) without Special Items 291 124 134.7% 925 555 66.7%
EBITDA 523 282 85.5% 1,636 1,096 49.3%
EBITDA without Special Items 516 289 78.5% 1,621 1,171 38.4%
INFINITY *
Revenue 759 573 32.5% 2,449 1,893 29.4%
Operating Profit (Loss) 242 180 34.4% 739 542 36.3%
OP (Loss) without Special Items 242 180 34.4% 739 542 36.3%
EBITDA 350 257 36.2% 1,067 798 33.7%
EBITDA without Special Items 350 257 36.2% 1,067 798 33.7%
TELEVISION **
Revenue 1,331 1,083 22.9% 4,371 4,369 0.0%
Operating Profit (Loss) 118 1 N/A 351 146 140.4%
OP (Loss) without Special Items 118 1 N/A 327 209 56.5%
EBITDA 201 65 209.2% 606 385 57.4%
EBITDA without Special Items 201 65 209.2% 582 448 29.9%
CABLE
Revenue 142 134 6.0% 565 546 3.5%
Operating Profit (Loss) 34 9 277.8% 138 50 176.0%
OP (Loss) without Special Items 27 9 200.0% 131 51 156.9%
EBITDA 62 28 121.4% 219 148 48.0%
EBITDA without Special Items 55 28 96.4% 236 151 56.3%
NEW MEDIA
Revenue 6 3 100.0% 13 4 225.0%
Operating Profit (Loss) (33) (1) N/A (35) (8) -337.5%
OP (Loss) without Special Items (33) (1) N/A (35) (8) -337.5%
EBITDA (30) (1) N/A (37) (4) -825.0%
EBITDA without Special Items (30) (1) N/A (37) (4) -825.0%
CORPORATE & OTHER
Revenue (19) (2) -850.0% (25) (7) -257.1%
Operating Profit (Loss) (18) (26) 30.8% (62) (85) 27.1%
OP (Loss) without Special Items (18) (19) 5.3% (62) (76) 18.4%
EBITDA (15) (21) 28.6% (44) (68) 35.3%
EBITDA without Special Items (15) (14) -7.1% (52) (59) 11.9%
RESIDUAL COSTS OF DISCONTINUED
BUSINESSES
Revenue - - N/A - - N/A
Operating Profit (Loss) (45) (46) 2.2% (175) (163) -7.4%
OP (Loss) without Special Items (45) (46) 2.2% (175) (163) -7.4%
EBITDA (45) (46) 2.2% (175) (163) -7.4%
EBITDA without Special Items (45) (46) 2.2% (175) (163) -7.4%
* Amounts recorded at Infinity related to the Outdoor Systems acquisition
which closed on December 7, 1999 are as follows: Revenue $73; Operating Profit
$8; and EBITDA $38.
** Amounts recorded in the Television segment related to the King World
acquisition which closed on November 15, 1999 are as follows: Revenue $103;
Operating Profit $6; and EBITDA $28.
Special Items for 1999:
Q1 - Corporate & Other includes an $8 gain on the sale of an airplane
Q2 - $24 benefit for the reduction of certain restructuring charges
previously recorded for the Television segment
$24 provision for losses associated with a Cable unit
Q4 - Cable includes a benefit for the recovery of a $7 receivable
previously reserved for
Special Items for 1998:
Q3 - $68 provision for restructuring charges ($63 Television, $3 Cable,
$2 Corporate & Other)
Q4 - $7 provision for special severance charges - Corporate & Other