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CBS CORPORATION

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CBS Faces FCC Fine Over Emergency Alert Tone Simulation -- Update

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09/09/2019 | 02:59pm EDT

By Maria Armental

CBS faces a $272,000 fine after an emergency alert tone simulation was aired during an episode of television show "Young Sheldon."

The Federal Communications Commission action against CBS stems from an episode that aired on April 12, 2018, and included a sound effect accompanying a tornado warning, which the producers modified but were still "substantially similar" to the actual emergency alert tones.

FCC rules prohibit broadcasting of EAS tones, including simulations, other than in case of an emergency or during authorized tests or public service announcements.

The rules, the FCC said, seek to avoid confusion in case of an actual public threat or emergency and avoid "alert fatigue" among listeners.

A CBS spokesperson declined to comment.

The FCC's action against CBS follows similar actions against Walt Disney Co.'s (DIS) ABC, AMC Networks, Discovery and Meruelo Radio Holdings LLC over misuse of the emergency alert tones.

ABC, AMC, Discovery and Meruelo Radio agreed reached a combined settlement agreement of more than $600,000 last month.

Write to Maria Armental at maria.armental@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
AMC NETWORKS INC 0.47% 50.85 Delayed Quote.-7.34%
CBS CORPORATION 0.00% 43.82 Delayed Quote.0.23%
DISCOVERY INC -0.78% 27.89 Delayed Quote.12.73%
PUBLIC SERVICE ENTERPRISE GROUP -1.06% 60.8 Delayed Quote.18.06%
WALT DISNEY COMPANY (THE) 0.38% 138.02 Delayed Quote.25.40%
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Financials (USD)
Sales 2019 15 644 M
EBIT 2019 3 162 M
Net income 2019 3 100 M
Debt 2019 8 471 M
Yield 2019 1,74%
P/E ratio 2019 5,30x
P/E ratio 2020 6,86x
EV / Sales2019 1,59x
EV / Sales2020 1,48x
Capitalization 16 476 M
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 58,46  $
Last Close Price 43,82  $
Spread / Highest target 75,7%
Spread / Average Target 33,4%
Spread / Lowest Target -20,1%
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NameTitle
Joseph R. Ianniello President & Chief Executive Officer
Strauss H. Zelnick Chairman
Christina Spade Chief Financial Officer & Executive Vice President
David F. Poltrack Chief Research Officer & President-CBS Vision
Douglas Rousso Chief Technology Officer
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