CBS Corp. President and Chief Executive Leslie Moonves

CBS Corp. President and Chief Executive Leslie Moonves (REUTERS)

CBS Revenue Up On Higher Political Ad Sales

Earnings Reuters

CBS Corp, the owner of the most-watched U.S. TV network, reported a 2.1 percent rise in quarterly revenue, helped by higher political ad sales amid a high-pitched race for the White House.

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The media company's net income rose to $423 million, or 93 cents per share, in the second quarter ended June 30 from $332 million, or 67 cents per share, a year earlier.

CBS, home to shows such as "The Late Show with Stephen Colbert" and "The Big Bang Theory," said revenue rose to $3.29 billion from $3.22 billion. (Reporting by Nikhil Subba in Bengaluru; Editing by Savio D'Souza)