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.
Unfortunately, evidence of the gravity of the problem continues to mount, as planners, policymakers and corporate boardrooms alike continue to demonstrate a preference for short-term profits over long-term security in the face of this growing challenge.
But SaaS suppliers, almost to a man, are still loss-making. 2013 must be the year when they demonstrate (or not) that you can make profits from the model using acceptable accounting principles.