CBS Rides Distribution Growth To Strong Q4 Showing Amid Viacom Merger Talks
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CBS reported an 11% rise in revenue and an 8% gain in adjusted operating earnings in the fourth quarter ending December 31, citing strength in content licensing and distribution revenues, plus demand from skinny-bundle OTT providers.

Revenues set a record, hitting $3.92 billion from $3.52 billion for the fourth quarter of 2016. On an adjusted basis, operating earnings per share reached $1.20, ahead of Wall Street’s consensus forecast of $1.14. Net profits, however, were…

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