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 NEW YORK (AP) - CBS Corp., producer of "60 Minutes" and the hit crime series "CSI," said Thursday its first-quarter earnings fell 6 percent, hurt by the sale of radio stations and lower syndicated TV income.
CBS, which also operates outdoor advertising and publishing units, said net income fell to $213.5 million, or 28 cents per share, from $226.9 million, or 30 cents per share, in the year-ago period. The latest quarter included a tax charge related to the sale of some radio stations. Excluding items, earning rose 8 percent to $253.6 million, or 33 cents per share — beating by a penny estimates on Wall Street, according to Thomson Financial.
CBS, which split from media conglomerate Viacom in early 2006, said revenue rose 2 percent to $3.66 billion from $3.58 billion last year, beating Wall Street estimates of $3.62 billion.
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