News summary: CBS 3Q earns beats views

Associated Press Published: November 7, 2012
Advertisement
;

CHANNELING PROFIT: CBS Corp.'s third-quarter earnings rose 16 percent as falling ad revenue was offset by higher fees from pay TV distributors.

WEAK SIGNAL: Revenue rose less than 2 percent to $3.42 billion, less than the $3.49 billion expected. CBS blamed poor results at CBS Radio, political conventions and the Olympics on NBC.

ONLINE ADJUSTMENTS? CEO Les Moonves said CBS is considering selling past seasons of TV shows that are still on air to online video services such as Netflix and Hulu Plus. Currently, it only licenses past seasons of shows that are not airing new episodes.



Trending Now


AROUND THE WEB

  1. 1
    10 Most Popular Wedding 'First Dance' Songs
  2. 2
    Psychologists Studied the Most Uptight States in America, and Found a Striking Pattern
  3. 3
    Facebook Post Saves Drowning Teen
  4. 4
    Saturday's front page of the New York Times sports section is simple: LeBron James and transactions
  5. 5
    The 19th-century health scare that told women to worry about "bicycle face"
+ show more