CBS' Moonves: 'We Expect Great Things This Year'

Boosted by strong advertising demand and with growth contributions from every sector of the company, CBS reported an 11 percent fourth-quarter revenue gain (compared to the prior year period) to $3.9 billion, while net earnings jumped to $283 million from nearly $59 million.

For the full year, CBS said revenue rose 8 percent to $14.1 billion while profits more than doubled to $724.2 million.

CBS CEO Leslie Moonves said the outlook is bright going forward as well: “Between the strength of our content, the way we’ve positioned our company for future growth and the ongoing improvement in the economic environment, we expect great things this year and beyond.”

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