CBS Reports Fourth Quarter Revs Of $3.9 Billion
CBS Corporation reported fourth-quarter earnings yesterday. The broadcasting giant’s revenues were $3.9 billion, up 11 percent from the previous year, and earnings, after factoring out a $43 million loss and $15 million in restructuring charges, were $319.4 million, up 78 percent from the year before.
Even without those adjustments CBS is looking pretty good. Every segment of its business showed a profit as well as an increase in revenue, from publishing to cable to local broadcasting to even outdoor advertising.
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