CBS Reports Record Revenue of $3.3 Billion for Q3 2019
Affiliate and subscription fee revenue grew 12%.
CBS Corporation reported record revenue of $3.30 billion for the third quarter of 2019, compared to $3.26 billion for the same period last year. Third quarter revenue represents a 1% increase year-over-year. The company also reported that affiliate and subscription free revenue grew by 12% during the quarter, driven by increases in fees from CBS affiliated television stations, retransmission revenues and growth in the company’s direct-to-streaming services revenue.
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