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CBS Reports Highest Fourth-Quarter Revenue

Feb 12, 2015 08:50 PM EST | By Michael Smith

CBS announced on Thursday that it earned 79 cents per share on $3.68 billion revenue, making it the highest fourth-quarter revenue and diluted earnings per share in the company's history, according to the Hollywood Reporter

"It all starts with the CBS Television Network, which remains No. 1 and is growing its audience from year to year," CBS Chief Executive Officer Les Moonves told the site. 

"With a balanced schedule of new and established hits, the return of Thursday Night Football next fall, and Super Bowl 50 on CBS in 2016, we are continuing to build momentum from a position of strength."

The company's greatest gains were seen within the cable network's biggest segment: entertainment. Its revenue rose by two percent, bringing it to $2.26 billion.

Costly NFL segments broadcasted for matches leading up to the 2015 Super Bowl, however, also contributed to that quarter's losses. 

CBS has done much to make its heralded franchises, CSI and NCSI, retain popularity by making them available online. The company says they will become available on internet streaming services later this year. 

CBS first began airing on January 27, 1927.  

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