May 3, 2018 / 8:14 PM / 24 days ago

CBS reports 12.5 percent rise in quarterly revenue

May 3 (Reuters) - Media company CBS Corp, which is in merger talks with Viacom Inc, on Thursday reported a 12.5 percent jump in quarterly revenue, driven by strength in its licensing business.

The owner of the most-watched U.S. television network reported net income from continuing operations of $511 million, or $1.32 per share, in the first quarter ended March 31, up from $454 million, or $1.09 per share, a year earlier.

CBS, home to popular shows such as “Big Bang Theory,” and “NCIS”, said revenue rose 12.5 percent to $3.76 billion. (Reporting by Munsif Vengattil in Bengaluru and Jessica Toonkel in New York; Editing by Bernard Orr)

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