• Broadcasting & Cable, Friday, November 4, 2011 4:05 PM

Among the good news CBS Corp. noted on its third quarter earnings call: earnings jumped 38% due to lower programming costs and lucrative steaming deals, revenues rose 2%, and the network is "outpacing the field" in ratings and other markers, according to President and CEO Leslie Moonves.

"Across the board, we have transformed CBS into a content company designed to perform in any environment," he said in a statement.

Moonves also said that "primetime advertising, the network's bread and butter, was up solidly in the third quarter."  There was "4% growth in primetime on the CBS broadcast network, [though] political advertising was down from historic levels last year," writes Jon Layfayette.

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