1
Exhibit 99.3
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended
March 31
1998 1997 % Change
---- ---- --------
TELEVISION*
Sales $1,620 $1,015 59.6%
Operating Profit (Loss) 152 (9) 1788.9%
Depreciation & Amortization 55 31 77.4%
Capital Expenditures 12 17 -29.4%
EBITDA 212 49 332.7%
RADIO
Sales 330 313 5.4%
Operating Profit (Loss) 69 47 46.8%
Depreciation & Amortization 44 44 -
Capital Expenditures 4 3 33.3%
EBITDA 113 91 24.2%
CORPORATE & OTHER
Sales (1) (2) 50.0%
Operating Profit (Loss) (47) (57) 17.5%
OP (Loss) without Special Items (47) (57) 17.5%
Depreciation & Amortization 31 30 3.3%
Capital Expenditures 2 1 100.0%
EBITDA (16) (13) -23.1%
RESIDUAL COSTS OF DISCONTINUED
BUSINESSES
Sales - - N/A
Operating Profit (Loss) (38) (35) -8.6%
OP (Loss) without Special Items (38) (35) -8.6%
Depreciation & Amortization - - N/A
Capital Expenditures - - N/A
EBITDA (38) (35) -8.6%
TOTAL CONTINUING OPERATIONS
Sales 1,949 1,326 47.0%
Operating Profit (Loss) 136 (54) 351.9%
OP (Loss) without Special Items 136 (54) 351.9%
Depreciation & Amortization 130 105 23.8%
Capital Expenditures 18 21 -14.3%
EBITDA 271 92 194.6%
* Formerly Network, Television Stations, and Cable.
2
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended Six Months Ended
June 30 June 30
1998 1997 % Change 1998 1997 % Change
---- ---- -------- ---- ---- --------
TELEVISION*
Sales $1,030 $ 905 13.8% $2,650 $1,920 38.0%
Operating Profit (Loss) 69 66 4.5% 221 57 287.7%
Depreciation & Amortization 53 30 76.7% 108 61 77.0%
Capital Expenditures 19 14 35.7% 31 31 -
EBITDA 133 100 33.0% 345 149 131.5%
RADIO
Sales 456 378 20.6% 786 691 13.7%
Operating Profit (Loss) 146 113 29.2% 215 160 34.4%
Depreciation & Amortization 52 44 18.2% 96 88 9.1%
Capital Expenditures 7 3 133.3% 11 6 83.3%
EBITDA 198 157 26.1% 311 248 25.4%
CORPORATE & OTHER
Sales (2) - N/A (3) (2) -50.0%
Operating Profit (Loss) (50) (39) -28.2% (97) (96) -1.0%
OP (Loss) without Special Items (50) (39) -28.2% (97) (96) -1.0%
Depreciation & Amortization 31 31 - 62 61 1.6%
Capital Expenditures 1 1 - 3 2 50.0%
EBITDA (18) 4 -550.0% (34) (9) -277.8%
RESIDUAL COSTS OF DISCONTINUED
BUSINESSES
Sales - - N/A - - N/A
Operating Profit (Loss) (38) (36) -5.6% (76) (71) -7.0%
OP (Loss) without Special Items (38) (36) -5.6% (76) (71) -7.0%
Depreciation & Amortization - - N/A - - N/A
Capital Expenditures - - N/A - - N/A
EBITDA (38) (36) -5.6% (76) (71) -7.0%
TOTAL CONTINUING OPERATIONS
Sales 1,484 1,283 15.7% 3,433 2,609 31.6%
Operating Profit (Loss) 127 104 22.1% 263 50 426.0%
OP (Loss) without Special Items 127 104 22.1% 263 50 426.0%
Depreciation & Amortization 136 105 29.5% 266 210 26.7%
Capital Expenditures 27 18 50.0% 45 39 15.4%
EBITDA 275 225 22.2% 546 317 72.2%
* Formerly Network, Television Stations, and Cable.
3
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended Nine Months Ended
September 30 September 30
1997 1997
---- ----
TELEVISION*
Sales $ 909 $2,829
Operating Profit (Loss) 97 154
Depreciation & Amortization 31 92
Capital Expenditures 27 58
EBITDA 130 279
RADIO
Sales 374 1,065
Operating Profit (Loss) 102 262
Depreciation & Amortization 45 133
Capital Expenditures 4 10
EBITDA 150 398
CORPORATE & OTHER
Sales - (2)
Operating Profit (Loss) (61) (157)
OP (Loss) without Special Items (61) (157)
Depreciation & Amortization 31 92
Capital Expenditures 2 4
EBITDA (31) (40)
RESIDUAL COSTS OF DISCONTINUED
BUSINESSES
Sales - -
Operating Profit (Loss) (35) (106)
OP (Loss) without Special Items (35) (106)
Depreciation & Amortization - -
Capital Expenditures - -
EBITDA (35) (106)
TOTAL CONTINUING OPERATIONS
Sales 1,283 3,892
Operating Profit (Loss) 103 153
OP (Loss) without Special Items 103 153
Depreciation & Amortization 107 317
Capital Expenditures 33 72
EBITDA 214 531
* Formerly Network, Television Stations, and Cable.
4
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended Total Year
December 31 December 31
1997 1997
---- ----
TELEVISION*
Sales $1,062 $3,891
Operating Profit (Loss) 73 227
Depreciation & Amortization 54 146
Capital Expenditures 44 102
EBITDA 133 412
RADIO
Sales 410 1,475
Operating Profit (Loss) 128 390
Depreciation & Amortization 43 176
Capital Expenditures 5 15
EBITDA 177 575
CORPORATE & OTHER
Sales (1) (3)
Operating Profit (Loss) (68) (225)
OP (Loss) without Special Items (53) (210)
Depreciation & Amortization 31 123
Capital Expenditures - 4
EBITDA (32) (72)
RESIDUAL COSTS OF DISCONTINUED
BUSINESSES
Sales - -
Operating Profit (Loss) (37) (143)
OP (Loss) without Special Items (37) (143)
Depreciation & Amortization - -
Capital Expenditures - -
EBITDA (37) (143)
TOTAL CONTINUING OPERATIONS
Sales 1,471 5,363
Operating Profit (Loss) 96 249
OP (Loss) without Special Items 111 264
Depreciation & Amortization 128 445
Capital Expenditures 49 121
EBITDA 241 772
* Formerly Network, Television Stations, and Cable.
5
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended Total Year
Mar. 31 June 30 Sept. 30 Dec. 31 December 31
1996 1996 1996 1996 1996
---- ---- ---- ---- ----
TELEVISION*
Sales $ 990 $ 951 $ 766 $ 856 $3,563
Operating Profit (Loss) 58 186 74 9 327
Depreciation & Amortization 27 33 29 26 115
Capital Expenditures 18 5 16 30 69
EBITDA 85 222 119 41 467
RADIO
Sales 121 145 136 152 554
Operating Profit (Loss) 20 47 42 52 161
Depreciation & Amortization 10 8 8 10 36
Capital Expenditures 1 1 2 2 6
EBITDA 31 55 49 62 197
CORPORATE & OTHER
Sales 6 4 8 8 26
Operating Profit (Loss) (126) (66) (46) (82) (320)
OP (Loss) without Special Items (50) (66) (46) (73) (235)
Depreciation & Amortization 30 34 31 33 128
Capital Expenditures 2 10 2 4 18
EBITDA (91) (28) (8) (35) (162)
RESIDUAL COSTS OF DISCONTINUED
BUSINESSES
Sales - - - - -
Operating Profit (Loss) (24) (30) (30) (30) (114)
OP (Loss) without Special Items (24) (30) (30) (30) (114)
Depreciation & Amortization - - - - -
Capital Expenditures - - - - -
EBITDA (24) (30) (30) (30) (114)
TOTAL CONTINUING OPERATIONS
Sales 1,117 1,100 910 1,016 4,143
Operating Profit (Loss) (72) 137 40 (51) 54
OP (Loss) without Special Items 4 137 40 (42) 139
Depreciation & Amortization 67 75 68 69 279
Capital Expenditures 21 16 20 36 93
EBITDA 1 219 130 38 388
* Formerly Network, Television Stations, and Cable.
6
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Total Year
December 31
1995 1994 1993
---- ---- ----
TELEVISION*
Sales $ 797 $ 475 $ 437
Operating Profit (Loss) 172 152 108
Depreciation & Amortization 30 15 16
Capital Expenditures 21 24 17
EBITDA 222 167 146
RADIO
Sales 216 175 181
Operating Profit (Loss) 55 47 44
Depreciation & Amortization 16 16 15
Capital Expenditures 9 8 3
EBITDA 70 93 62
CORPORATE & OTHER
Sales 61 94 66
Operating Profit (Loss) (30) 27 (105)
OP (Loss) without Special Items (5) 25 (65)
Depreciation & Amortization 11 10 3
Capital Expenditures 2 5 3
EBITDA 114 (124) (92)
RESIDUAL COSTS OF DISCONTINUED
BUSINESSES
Sales - - -
Operating Profit (Loss) (37) (75) (1)
OP (Loss) without Special Items (37) (75) (1)
Depreciation & Amortization - - -
Capital Expenditures - - -
EBITDA (37) (75) (1)
TOTAL CONTINUING OPERATIONS
Sales 1,074 744 684
Operating Profit (Loss) 160 151 46
OP (Loss) without Special Items 185 149 86
Depreciation & Amortization 57 41 34
Capital Expenditures 32 37 23
EBITDA 369 61 115
* Formerly Network, Television Stations, and Cable.