Submitted by Fox First at Ten on November 7th
By the Associated Press
CHANNELING PROFIT: CBS Corp.'s third-quarter earnings rose 16 percent as falling ad revenue was offset by higher fees from pay TV distributors.
WEAK SIGNAL: Revenue rose less than 2 percent to $3.42 billion, less than the $3.49 billion expected. CBS blamed poor results at CBS Radio, political conventions and the Olympics on NBC.
ONLINE ADJUSTMENTS? CEO Les Moonves said CBS is considering selling past seasons of TV shows that are still on air to online video services such as Netflix and Hulu Plus. Currently, it only licenses past seasons of shows that are not airing new episodes.
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