CBS, post-Howard Stern, reported its radio division saw its sales drop by six percent and its profit drop by 14 percent compared with the year ago quarter.

Les Moonves:

"Radio - which has extremely valuable assets - is our one segment that is not yet achieving acceptable growth. We have implemented a number of recent initiatives to change that, including the new JACK and Spanish formats which have shown good success. And we believe this week's announcement to add a powerful new morning show will greatly improve the performance of our drive-time programming in the nation's largest east-coast markets. We're going to continue to invest in the best programming and marketing, and actively adjust our portfolio to maximize Radio's growth potential."

No mention that part of his strategy involves suing Howard Stern and Sirius Radio.