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) 127 (33) 484.8%
OP (Loss) without Special Items 127 (33) 484.8%
Depreciation & Amortization 80 55 45.5%
Capital Expenditures 12 17 -29.4%
EBITDA 212 49 332.7%
EBITDA without Special Items 212 49 332.7%
RADIO & OUTDOOR
Sales 330 313 5.4%
Operating Profit (Loss) 64 42 52.4%
OP (Loss) without Special Items 64 42 52.4%
Depreciation & Amortization 49 49 -
Capital Expenditures 4 3 33.3%
EBITDA 113 91 24.2%
EBITDA without Special Items 113 91 24.2%
CORPORATE & OTHER
Sales (1) (2) 50.0%
Operating Profit (Loss) (17) (28) 39.3%
OP (Loss) without Special Items (17) (28) 39.3%
Depreciation & Amortization 1 1 -
Capital Expenditures 2 1 100.0%
EBITDA (16) (13) -23.1%
EBITDA without Special Items (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%
EBITDA without Special Items (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%
EBITDA without Special Items 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) 45 42 7.1% 172 9 1811.1%
OP (Loss) without Special Items 45 42 7.1% 172 9 1811.1%
Depreciation & Amortization 78 54 44.4% 158 109 45.0%
Capital Expenditures 19 14 35.7% 31 31 -
EBITDA 133 100 33.0% 345 149 131.5%
EBITDA without Special Items 133 100 33.0% 345 149 131.5%
RADIO & OUTDOOR
Sales 456 378 20.6% 786 691 13.7%
Operating Profit (Loss) 141 107 31.8% 205 149 37.6%
OP (Loss) without Special Items 141 107 31.8% 205 149 37.6%
Depreciation & Amortization 57 49 16.3% 106 98 8.2%
Capital Expenditures 7 3 133.3% 11 6 83.3%
EBITDA 198 157 26.1% 311 248 25.4%
EBITDA without Special Items 198 157 26.1% 311 248 25.4%
CORPORATE & OTHER
Sales (2) - N/A (3) (2) -50.0%
Operating Profit (Loss) (21) (9) -133.3% (38) (37) -2.7%
OP (Loss) without Special Items (21) (9) -133.3% (38) (37) -2.7%
Depreciation & Amortization 1 2 -50.0% 2 3 -33.3%
Capital Expenditures 1 1 - 3 2 50.0%
EBITDA (18) 4 -550.0% (34) (9) -277.8%
EBITDA without Special Items (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%
EBITDA without Special Items (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%
EBITDA without Special Items 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
--------------------------------------- ---------------------------------------
1998 1997 % Change 1998 1997 % Change
---- ---- -------- ---- ---- --------
TELEVISION *
Sales $ 1,049 $ 909 15.4% $ 3,699 $ 2,829 30.8%
Operating Profit (Loss) 7 72 -90.3% 179 81 121.0%
OP (Loss) without Special Items 71 72 -1.4% 243 81 200.0%
Depreciation & Amortization 81 56 44.6% 239 165 44.8%
Capital Expenditures 34 27 25.9% 65 58 12.1%
EBITDA 92 130 -29.2% 437 279 56.6%
EBITDA without Special Items 158 130 21.5% 503 279 80.3%
RADIO & OUTDOOR
Sales 534 377 41.6% 1,320 1,068 23.6%
Operating Profit (Loss) 157 99 58.6% 362 248 46.0%
OP (Loss) without Special Items 157 99 58.6% 362 248 46.0%
Depreciation & Amortization 71 51 39.2% 177 149 18.8%
Capital Expenditures 9 4 125.0% 20 10 100.0%
EBITDA 230 150 53.3% 541 398 35.9%
EBITDA without Special Items 230 150 53.3% 541 398 35.9%
CORPORATE & OTHER
Sales (2) (1) -100.0% (5) (3) -66.7%
Operating Profit (Loss) (21) (31) 32.3% (59) (68) 13.2%
OP (Loss) without Special Items (19) (31) 38.7% (57) (68) 16.2%
Depreciation & Amortization 2 - N/A 4 3 33.3%
Capital Expenditures 1 2 -50.0% 4 4 -
EBITDA (13) (31) 58.1% (47) (40) -17.5%
EBITDA without Special Items (11) (31) 64.5% (45) (40) -12.5%
RESIDUAL COSTS OF DISCONTINUED
BUSINESSES
Sales - - N/A - - N/A
Operating Profit (Loss) (41) (35) -17.1% (117) (106) -10.4%
OP (Loss) without Special Items (41) (35) -17.1% (117) (106) -10.4%
Depreciation & Amortization - - N/A - - N/A
Capital Expenditures - - N/A - - N/A
EBITDA (41) (35) -17.1% (117) (106) -10.4%
EBITDA without Special Items (41) (35) -17.1% (117) (106) -10.4%
TOTAL CONTINUING OPERATIONS
Sales 1,581 1,285 23.0% 5,014 3,894 28.8%
Operating Profit (Loss) 102 105 -2.9% 365 155 135.5%
OP (Loss) without Special Items 168 105 60.0% 431 155 178.1%
Depreciation & Amortization 154 107 43.9% 420 317 32.5%
Capital Expenditures 44 33 33.3% 89 72 23.6%
EBITDA 268 214 25.2% 814 531 53.3%
EBITDA without Special Items 336 214 57.0% 882 531 66.1%
* 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) 48 129
OP (Loss) without Special Items 48 129
Depreciation & Amortization 79 244
Capital Expenditures 44 102
EBITDA 133 412
EBITDA without Special Items 133 412
RADIO & OUTDOOR
Sales 412 1,480
Operating Profit (Loss) 124 372
OP (Loss) without Special Items 124 372
Depreciation & Amortization 48 197
Capital Expenditures 5 15
EBITDA 177 575
EBITDA without Special Items 177 575
CORPORATE & OTHER
Sales (1) (4)
Operating Profit (Loss) (37) (105)
OP (Loss) without Special Items (22) (90)
Depreciation & Amortization 1 4
Capital Expenditures - 4
EBITDA (32) (72)
EBITDA without Special Items (17) (57)
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)
EBITDA without Special Items (37) (143)
TOTAL CONTINUING OPERATIONS
Sales 1,473 5,367
Operating Profit (Loss) 98 253
OP (Loss) without Special Items 113 268
Depreciation & Amortization 128 445
Capital Expenditures 49 121
EBITDA 241 772
EBITDA without Special Items 256 787
* 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) 33 161 50 (15) 229
OP (Loss) without Special Items 33 161 50 (15) 229
Depreciation & Amortization 52 57 53 51 213
Capital Expenditures 18 5 16 30 69
EBITDA 85 222 119 41 467
EBITDA without Special Items 85 222 119 41 467
RADIO & OUTDOOR
Sales 121 145 136 152 554
Operating Profit (Loss) 15 42 37 46 140
OP (Loss) without Special Items 15 42 37 46 140
Depreciation & Amortization 16 13 13 15 57
Capital Expenditures 1 1 2 2 6
EBITDA 31 55 49 62 197
EBITDA without Special Items 31 55 49 62 197
CORPORATE & OTHER
Sales 6 4 8 8 26
Operating Profit (Loss) (96) (36) (17) (52) (201)
OP (Loss) without Special Items (20) (36) (17) (43) (116)
Depreciation & Amortization (1) 5 2 3 9
Capital Expenditures 2 10 2 4 18
EBITDA (91) (28) (8) (35) (162)
EBITDA without Special Items (15) (28) (8) (26) (77)
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)
EBITDA without Special Items (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
EBITDA without Special Items 77 219 130 47 473
* Formerly Network, Television Stations,
and Cable
6
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Total Year
December 31
--------------
1995
----
TELEVISION *
Sales $ 797
Operating Profit (Loss) 164
OP (Loss) without Special Items 164
Depreciation & Amortization 38
Capital Expenditures 21
EBITDA 222
EBITDA without Special Items 222
RADIO & OUTDOOR
Sales 216
Operating Profit (Loss) 53
OP (Loss) without Special Items 53
Depreciation & Amortization 18
Capital Expenditures 9
EBITDA 70
EBITDA without Special Items 70
CORPORATE & OTHER
Sales 61
Operating Profit (Loss) (20)
OP (Loss) without Special Items 5
Depreciation & Amortization 2
Capital Expenditures 2
EBITDA 115
EBITDA without Special Items 140
RESIDUAL COSTS OF DISCONTINUED
BUSINESSES
Sales -
Operating Profit (Loss) (37)
OP (Loss) without Special Items (37)
Depreciation & Amortization -
Capital Expenditures -
EBITDA (37)
EBITDA without Special Items (37)
TOTAL CONTINUING OPERATIONS
Sales 1,074
Operating Profit (Loss) 160
OP (Loss) without Special Items 185
Depreciation & Amortization 58
Capital Expenditures 32
EBITDA 370
EBITDA without Special Items 395
* Formerly Network, Television Stations,
and Cable