While revenue growth was low in Q3 2012, CBS did demonstrate significant growth in its profits driven by cost controls and increasing contribution of high margin revenue streams such as digital licensing and re-transmission fee.
"Because it's paid for out of the licence fee it needs to justify what it does so it needs to find clever ways of measuring its contribution to our lives as individiduals as viewers and listeners, its contribution to society at large and its contribution to the whole of the broadcasting world, " he said.