7. CBS
Weak advertising and falling license fees have sent CBS's earnings off a cliff in 2009.
If they remain depressed for too long, the company could have trouble refinancing $3.2 billion of debt coming due over the next five years.
It will really come down to whether or not CBS's earnings collapse is merely cyclical, or the result of structural trend whereby traditional TV is dying.
I would never wish anyone out of a job but I can't help but stick out my tongue and blow a big raspberry at this





