Ten Big Companies That Are Veering Toward Bankruptcy: Tech Ticker, Yahoo! Finance 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 CBSs earnings collapse is merely cyclical, or the result of structural trend whereby traditional TV is dying. As a business blog, we can't help but feel partly guilty here.