CBS misses on profit, revenue but network hits streaming subscribers milestone - Dealers Care

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Friday, 15 February 2019

CBS misses on profit, revenue but network hits streaming subscribers milestone

By Vibhuti Sharma and Helen Coster (Reuters) - CBS Corp generated less quarterly profit and revenue than Wall Street expected, but the network announced plans on Thursday to have 25 million streaming subscribers by 2022. An 11.3 percent drop in revenue from sales and licensing of CBS programs to other distributors helped send shares down nearly 3 percent in after-hours trading

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