CBS Reports Lackluster Q4 Results But Strong Full-Year Financials
CBS Corporation (NYSE: CBS.A and CBS) reported its fourth quarter and full-year 2016 financials last week. While the fourth quarter saw a net loss of $113 million and decrease in total revenue, CBS’s full-year financials were strong, with total revenue of $13.17 billion, a 4 percent increase over 2015, and net earnings of $1.26 billion. Ad revenue for the full year grew 8 percent due, in part, to ad revenue from the broadcast of Super Bowl 50 and record political advertising revenue.
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