Home INDUSTRY NEWS CBS Earnings Down After Selling Radio Stations

CBS Earnings Down After Selling Radio Stations

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reported profits down but revenues up

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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.

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