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Media Giants Get 60+% Of Profits From Cable Nets

Cable networks made sure their parent companies stayed in the black, "contributing more than 60 percent of nearly all entertainment giants' operating profits," due to "ad growth and gains from carriage fee negotiations," writes George Szalai. He cites The Hollywood Reporter's "analysis of data from the first three quarters of 2013." However, "CBS Corp., which has a smaller cable portfolio, is the exception, though its growth outpaced most peers," he writes.

Read the whole story at The Hollywood Reporter »

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