Variety
CBS Corp. said net income rose in the third quarter when compared to adjusted results, boosted in part by subscription and affiliate fees, even as overall revenue dipped slightly.
The New York owner of the Showtime cable network and the CBS broadcast-television network said third-quarter profit rose 6.5% to $426 million, or 88 cents a share, compared with $1.6 billion, or $3.08 a share a year earlier when the company notched substantial gains resulting from the sale of its outdoor-advertising business. Net earnings from continuing operations in the year-earlier period were $72 million, or 13 cents a share.
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