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CBS profit jumps 26% with strong ad sales, higher license fees
CBS profit jumps 26% with strong ad sales, higher license fees

The CBS television network remains an industry workhorse, pulling the broadcasting company to another record quarter with profits up 26% compared with a year-ago period. For the quarter ended Sept. 30, CBS Corp. earned $494 million, or 76 cents a share, compared with $391 million, or 59 cents a share, during the third quarter of 2012. Revenue of $3.6 billion was up 11% compared with the previous-year period. "CBS has turned in the best third quarter in our history," CBS Chief Executive Leslie Moonves told analysts Wednesday afternoon during a conference call. "We have had a record-breaking first half." PHOTOS: Behind the scenes of movies and TV CBS met Wall...

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