Originally published at www.seclive.com
CBS Corporation (NYSE:CBS) announced its second quarter financial results, reporting an 11% rise in net income to $472M, with advertising and licensing revenues leading the way. All revenue streams for the company experienced growth, none the least of which was its content licensing and distribution, with a 22% increase in revenue. Advertising revenue increased 5%, attributed in part to the NCAA men's basketball semi-finals. CBS is working to grow its retransmission revenue, reporting an 18% increase in affiliate and subscription fee revenue, by charging cable and satellite TV providers a fee to carry its signals through retransmission. CBS earned $472M profit, or $0.76 earnings per share, an increase from a year ago this quarter with $427M profit and $0.65 earnings per share.
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