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A strong finish to the broadcast season and a breakout summer hit helped CBS Corp. amass the greatest quarterly profit in its history.
Second quarter net income rose 11 percent to $472 million, or 76 cents per share, up from $427 million, or 65 cents per share, in the year-ago period. CBS beat consensus estimates by 4 cents per share.
Company-wide advertising revenues grew 5 percent to $2.09 billion, thanks in large part to an 11 percent improvement at CBS’ broadcast flagship.
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