The advertising recovery at CBS’ local radio and TV stations led the overall growth at the media giant, which reported second-quarter revenue of $3.33 billion, a gain of 11 percent compared to a year ago.
Local broadcasting increased 17 percent to $678.2 million, with TV stations up a whopping 31 percent to $337.9 million, driven by categories such as auto, telecom, retail and entertainment. Radio revenue gained 6 percent to $322 million, with stations in the top 10 markets up 10 percent.
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