CBS Q1 Profit Falls 14. 7% On Higher Programming Costs

CBS Corp. said first-quarter profit fell nearly 15% owing simply to higher costs for sports and entertainment programming. The New York owner of the CBS television network and Showtime said net earnings reached $394 million, compared with $462 million in the year-earlier period. Earnings per share, however , were flat from 79 cents per… Read more »

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