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 Network affiliated stations.
Meanwhile, ad revenues for the third quarter of 2018 were up 14%, partly due to political ad sales.