CBS Corp. Q1 Profit From Cont. Ops. Decreases - Quick Facts

(RTTNews) - CBS Corp. (CBS.A, CBS) reported first quarter earnings from continuing operations of $394 million compared to $462 million, prior-year, as a result of the lower operating income. EPS from continuing operations was $0.78 compared to $0.77 for the same quarter in 2014.

Revenues were $3.50 billion compared to $3.57 billion for the same prior-year period. The company noted that the quarter was affected by the broadcast of one fewer National Football League playoff game on the CBS Television Network and lower advertising revenues at the company's Local Broadcasting segment.

Content licensing and distribution revenues decreased 4%, while affiliate and subscription fees increased 11%, driven by growth in rates.