CBS 2Q TV Station Revenue Climbs 31%

By Andrew Gauthier 

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CBS Corp. on Tuesday reported results for the second quarter ended June 30. CBS Television Stations revenue increased 31% to $337.9 million from $257.9 million due to the improved advertising marketplace across many key categories, including automotive and financial services, and higher political advertising sales.

The company also realized a 17% increase in local broadcasting revenue (TV stations plus CBS Radio) to $678.2 million from $579.5 million in the year-ago quarter.

The company as a whole posted revenue of $3.33 billion, up 11% from $3.01 billion for the same quarter last year, reflecting growth at all of the company’s segments. More…