CBS quarterly profit meets Wall Street targets but shares fall
By Lisa Richwine and Arathy S Nair(Reuters) – CBS Corp <CBS.N> profit rose in line with Wall Street expectations on Thursday as the media company reported a bump in network advertising and said international sales of its television shows were strong.
Still, shares fell 3.6 percent to $42 in after hours trade following a hectic session for the overall market.
CBS and other media companies are under pressure to show that they can survive and thrive as younger viewers turn away from tra
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