SALES

image-.jpg

02 Nov: CBS Earnings Down After Selling Radio Stations

CBS reported profits down but revenues up

CBS reported lower earnings compared to last year, citing the sale of its radio division.

However, revenues reportedly went up 3% to $3.26 billion dollars. The increase is being credited by 79% growth from digital initiatives. Specifically, CBS’ streaming subscriptions, retransmission revenues and fees from CBS Television