We currently estimate the segment revenues to be around

$4.25 billion in 2015. However, the figure is likely to rise in 2016 given that CBS will air Super Bowl 50 and it will also benefit from increased political campaign spending. In the medium to long run, we don’t expect much of growth from current levels and estimate the segment revenues to be around $5 billion in the out years of our model (to 2022).

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