CBS wins big from Super 'Bro Bowl'
The brother-against-brother storyline will captivate even casual fans of the game.
This year's championship features Jim Harbaugh's San Francisco 49ers, who edged the Atlanta Falcons to capture the NFC title, against older brother John Harbaugh's Baltimore Ravens, who upset the New England Patriots to become AFC champions. The media are dubbing the contest the "Bro Bowl" and "Harbowl." For CBS, it's all money.
The added element of family drama may entice casual fans to tune into the NFL championship game scheduled for Feb. 3. Even better, this Super Bowl, unlike many others, may turn out to be a good game. Las Vegas odds makers have the 49ers favored by 4.5 points, according to The Associated Press.
If the predictions prove accurate, that means viewers will stay glued to their sets and watch commercials that reportedly have cost advertisers more than $4 million. Local television stations get a piece of the action as well. CBS' New York affiliate, WCBS, sold a local Super Bowl spot for $1 million, according to Media Post.
CBS CEO Les Moonves had already predicted big things for the Super Bowl. In February 2012, he told analysts that his sales force would get record prices for commercial spots, according to Adweek. This underscores the popularity of the NFL, which is the most watched of any professional sport. Annual revenue for the league reportedly tops $9 billion.
Indeed, the last three Super Bowls were the most watched in television history. Odds are that the big game will set a record for a fourth year.
Jonathan Berr owns a small position in CBS. Follow him on Twitter @jdberr.
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[BRIEFING.COM] The Federal Open Market Committee has just released its latest policy statement, which was met with selling across the major averages. Meanwhile, the dollar index has jumped to a session high near 80.75.
The Committee's statement indicates economic activity has continued to expand at a moderate pace with labor market conditions showing improvement in recent months. The Committee has decided to maintain its purchasing program at $85 billion per month.
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The central bank leaves its policy unchanged. That means loans to businesses and on mortgages and autos will be cheap. Stocks pull back.