CBS TV Stations Revenue Up 29% in Q1

By Andrew Gauthier 


CBS Corp. on Wednesday afternoon reported results for the first quarter of 2010 that included a 29% increase in revenue for its CBS Television Stations to $323.7 million from $250.9 million due to the improved advertising marketplace and higher political advertising sales.

“I could not be more pleased with how CBS performed in the first quarter of this year, and I’m confident that Leslie and his management team will build on this success as the economy continues to recover,” said Sumner Redstone, executive chairman, CBS Corp. “We’ve focused on strengthening our already solid financial position, building new efficiencies throughout the company, and investing in our top-quality content businesses–and I look forward to all that we will do to build on these accomplishments this year and beyond.” More…