1
Exhibit 99.3
CBS CORPORATION
SEGMENT INFORMATION
($ in millions)(unaudited)
Three Months Ended Six Months Ended
June 30 June 30
---------------------------------- -----------------------------------
1999 1998 % Change 1999 1998 % Change
---- ---- -------- ---- ---- --------
TOTAL CONTINUING OPERATIONS
Sales $ 1,678 $ 1,484 13.1% $ 3,446 $ 3,433 0.4%
Operating Profit (Loss) 294 127 131.5% 412 263 56.7%
OP (Loss) without Special Items 270 127 112.6% 388 263 47.5%
EBITDA 427 275 55.3% 707 546 29.5%
EBITDA without Special Items 427 275 55.3% 699 546 28.0%
INFINITY
Sales 597 456 30.9% 1,071 786 36.3%
Operating Profit (Loss) 191 141 35.5% 289 205 41.0%
OP (Loss) without Special Items 191 141 35.5% 289 205 41.0%
EBITDA 265 198 33.8% 435 311 39.9%
EBITDA without Special Items 265 198 33.8% 435 311 39.9%
TELEVISION
Sales 927 880 5.3% 2,092 2,375 -11.9%
Operating Profit (Loss) 119 21 466.7% 167 144 16.0%
OP (Loss) without Special Items 95 21 352.4% 143 144 -0.7%
EBITDA 174 83 109.6% 277 266 4.1%
EBITDA without Special Items 150 83 80.7% 253 266 -4.9%
CABLE
Sales 156 150 4.0% 286 275 4.0%
Operating Profit (Loss) 44 24 83.3% 69 28 146.4%
OP (Loss) without Special Items 44 24 83.3% 69 28 146.4%
EBITDA 46 50 -8.0% 96 79 21.5%
EBITDA without Special Items 70 50 40.0% 120 79 51.9%
CORPORATE & OTHER
Sales (2) (2) - (3) (3) -
Operating Profit (Loss) (15) (21) 28.6% (28) (38) 26.3%
OP (Loss) without Special Items (15) (21) 28.6% (28) (38) 26.3%
EBITDA (13) (18) 27.8% (16) (34) 52.9%
EBITDA without Special Items (13) (18) 27.8% (24) (34) 29.4%
RESIDUAL COSTS OF DISCONTINUED
BUSINESSES
Sales - - N/A - - N/A
Operating Profit (Loss) (45) (38) -18.4% (85) (76) -11.8%
OP (Loss) without Special Items (45) (38) -18.4% (85) (76) -11.8%
EBITDA (45) (38) -18.4% (85) (76) -11.8%
EBITDA without Special Items (45) (38) -18.4% (85) (76) -11.8%
SPECIAL ITEMS INCLUDE:
Three Months Ended June 30, 1999
--------------------------------
- $24 reduction for certain restructuring charges previously recorded
for the television segment
- $24 provision for losses associated with a cable unit
Six Months Ended June 30, 1999
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- Corporate & Other includes an $8 gain on the sale of an airplane
recorded during the first quarter of 1999