Nov 5th, 2009 - Wall Street Journal
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CBS Corp. posted a third-quarter profit on higher syndication sales as advertising revenue improved. A year earlier, the media giant posted a huge loss on a write-down of its local television and radio stations.
Profits rose in every division except radio and outdoor advertising.
Chief Executive Leslie Moonves said CBS's results have improved each quarter from the previous one this year as "the operating environment for our businesses continues ...
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Third-quarter profit at The Washington Post Co. rose 69 percent compared with the same period last year, as the flagship newspaper trimmed losses and the company's education and cable businesses kept growing. The Post Co...
