1
Exhibit 99.3
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended
March 31
----------------------------------------
1998 1997 % Change
---- ---- --------
TOTAL CONTINUING OPERATIONS
Sales $ 1,949 $ 1,326 47.0%
Operating Profit (Loss) 136 (54) 351.9%
Core EBITDA 281 102 175.5%
EBITDA as reported 271 92 194.6%
RADIO & OUTDOOR
Sales 330 313 5.4%
Operating Profit (Loss) 64 42 52.4%
Core EBITDA 113 91 24.2%
EBITDA as reported 113 91 24.2%
TELEVISION *
Sales 1,620 1,015 59.6%
Operating Profit (Loss) 127 (33) 484.8%
Core EBITDA 222 59 276.3%
EBITDA as reported 212 49 332.7%
CORPORATE & OTHER
Sales (1) (2) 50.0%
Operating Profit (Loss) (17) (28) 39.3%
Core EBITDA (16) (13) -23.1%
EBITDA as reported (16) (13) -23.1%
RESIDUAL COSTS OF DISCONTINUED
BUSINESSES
Sales -- -- N/A
Operating Profit (Loss) (38) (35) -8.6%
Core EBITDA (38) (35) -8.6%
EBITDA as reported (38) (35) -8.6%
* Formerly Network, Television Stations, and Cable
Core EBITDA excludes certain charges primarily related to restructuring and
severance activities as well as the results of operations of the TeleNoticias
and Eye on People businesses for all periods presented.
2
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended Six Months Ended
June 30 June 30
-------------------------------- ---------------------------------
1998 1997 % Change 1998 1997 % Change
---- ---- -------- ---- ---- --------
TOTAL CONTINUING OPERATIONS
Sales $1,484 $1,283 15.7% $3,433 $2,609 31.6%
Operating Profit (Loss) 127 104 22.1% 263 50 426.0%
Core EBITDA 284 236 20.3% 565 338 67.2%
EBITDA as reported 275 225 22.2% 546 317 72.2%
RADIO & OUTDOOR
Sales 456 378 20.6% 786 691 13.7%
Operating Profit (Loss) 141 107 31.8% 205 149 37.6%
Core EBITDA 198 157 26.1% 311 248 25.4%
EBITDA as reported 198 157 26.1% 311 248 25.4%
TELEVISION *
Sales 1,030 905 13.8% 2,650 1,920 38.0%
Operating Profit (Loss) 45 42 7.1% 172 9 1811.1%
Core EBITDA 142 111 27.9% 364 170 114.1%
EBITDA as reported 133 100 33.0% 345 149 131.5%
CORPORATE & OTHER
Sales (2) -- N/A (3) (2) -50.0%
Operating Profit (Loss) (21) (9) -133.3% (38) (37) -2.7%
Core EBITDA (18) 4 -550.0% (34) (9) -277.8%
EBITDA as reported (18) 4 -550.0% (34) (9) -277.8%
RESIDUAL COSTS OF DISCONTINUED
BUSINESSES
Sales -- -- N/A -- -- N/A
Operating Profit (Loss) (38) (36) -5.6% (76) (71) -7.0%
Core EBITDA (38) (36) -5.6% (76) (71) -7.0%
EBITDA as reported (38) (36) -5.6% (76) (71) -7.0%
* Formerly Network, Television Stations, and Cable
Core EBITDA excludes certain charges primarily related to restructuring and
severance activities as well as the results of operations of the TeleNoticias
and Eye on People businesses for all periods presented.
3
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended Nine Months Ended
September 30 September 30
------------------------------- ---------------------------------
1998 1997 % Change 1998 1997 % Change
---- ---- -------- ---- ---- --------
TOTAL CONTINUING OPERATIONS
Sales $1,581 $1,285 23.0% $5,014 $3,894 28.8%
Operating Profit (Loss) 102 105 -2.9% 365 155 135.5%
Core EBITDA 345 226 52.7% 910 564 61.3%
EBITDA as reported 268 214 25.2% 814 531 53.3%
RADIO & OUTDOOR
Sales 534 377 41.6% 1,320 1,068 23.6%
Operating Profit (Loss) 157 99 58.6% 362 248 46.0%
Core EBITDA 230 150 53.3% 541 398 35.9%
EBITDA as reported 230 150 53.3% 541 398 35.9%
TELEVISION *
Sales 1,049 909 15.4% 3,699 2,829 30.8%
Operating Profit (Loss) 7 72 -90.3% 179 81 121.0%
Core EBITDA 167 142 17.6% 531 312 70.2%
EBITDA as reported 92 130 -29.2% 437 279 56.6%
CORPORATE & OTHER
Sales (2) (1) -100.0% (5) (3) -66.7%
Operating Profit (Loss) (21) (31) 32.3% (59) (68) 13.2%
Core EBITDA (11) (31) 64.5% (45) (40) -12.5%
EBITDA as reported (13) (31) 58.1% (47) (40) -17.5%
RESIDUAL COSTS OF DISCONTINUED
BUSINESSES
Sales -- -- N/A -- -- N/A
Operating Profit (Loss) (41) (35) -17.1% (117) (106) -10.4%
Core EBITDA (41) (35) -17.1% (117) (106) -10.4%
EBITDA as reported (41) (35) -17.1% (117) (106) -10.4%
* Formerly Network, Television Stations, and Cable
Core EBITDA excludes certain charges primarily related to restructuring and
severance activities as well as the results of operations of the TeleNoticias
and Eye on People businesses for all periods presented.
4
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended Total Year
December 31 December 31
------------------------------ --------------------------------
1998 1997 % Change 1998 1997 % Change
---- ---- -------- ---- ---- --------
TOTAL CONTINUING OPERATIONS
Sales $1,791 $1,473 21.6% $6,805 $5,367 26.8%
Operating Profit (Loss) 117 98 19.4% 482 253 90.5%
Core EBITDA 305 267 14.2% 1,215 831 46.2%
EBITDA as reported 282 241 17.0% 1,096 772 42.0%
RADIO & OUTDOOR
Sales 573 412 39.1% 1,893 1,480 27.9%
Operating Profit (Loss) 180 124 45.2% 542 372 45.7%
Core EBITDA 257 177 45.2% 798 575 38.8%
EBITDA as reported 257 177 45.2% 798 575 38.8%
TELEVISION *
Sales 1,220 1,062 14.9% 4,919 3,891 26.4%
Operating Profit (Loss) 9 48 -81.3% 188 129 45.7%
Core EBITDA 108 144 -25.0% 639 456 40.1%
EBITDA as reported 92 133 -30.8% 529 412 28.4%
CORPORATE & OTHER
Sales (2) (1) -100.0% (7) (4) -75.0%
Operating Profit (Loss) (26) (37) 29.7% (85) (105) 19.0%
Core EBITDA (14) (17) 17.6% (59) (57) -3.5%
EBITDA as reported (21) (32) 34.4% (68) (72) 5.6%
RESIDUAL COSTS OF DISCONTINUED
BUSINESSES
Sales -- -- N/A -- -- N/A
Operating Profit (Loss) (46) (37) -24.3% (163) (143) -14.0%
Core EBITDA (46) (37) -24.3% (163) (143) -14.0%
EBITDA as reported (46) (37) -24.3% (163) (143) -14.0%
* Formerly Network, Television Stations, and Cable
Core EBITDA excludes certain charges primarily related to restructuring and
severance activities as well as the results of operations of the TeleNoticias
and Eye on People businesses for all periods presented.
5
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Total Year
December 31
----------------------------------
1996 1995 1994
---- ---- ----
TOTAL CONTINUING OPERATIONS
Sales $4,143 $1,074 $ 744
Operating Profit (Loss) 54 160 151
Core EBITDA 488 395 59
EBITDA as reported 388 370 61
RADIO & OUTDOOR
Sales 554 216 175
Operating Profit (Loss) 140 53 47
Core EBITDA 197 70 93
EBITDA as reported 197 70 93
TELEVISION *
Sales 3,563 797 475
Operating Profit (Loss) 229 164 152
Core EBITDA 482 222 167
EBITDA as reported 467 222 167
CORPORATE & OTHER
Sales 26 61 94
Operating Profit (Loss) (201) (20) 27
Core EBITDA (77) 140 (126)
EBITDA as reported (162) 115 (124)
RESIDUAL COSTS OF DISCONTINUED
BUSINESSES
Sales -- -- --
Operating Profit (Loss) (114) (37) (75)
Core EBITDA (114) (37) (75)
EBITDA as reported (114) (37) (75)
* Formerly Network, Television Stations, and Cable
Core EBITDA excludes certain charges primarily related to restructuring and
severance activities as well as the results of operations of the TeleNoticias
and Eye on People businesses for all periods presented.