Feb 15 CBS Corp, owner of the
most-watched U.S. television network, reported a 46.5 percent
drop in quarterly profit, hurt mainly by a one-time pension
The company's net income from continuing operations fell to
$271 million, or 63 cents per share, in the fourth quarter ended
Dec. 31 from $507 million, or $1.07 per share, a year earlier.
The comparable quarter had included a gain from the sale of
an internet business in China.
CBS, home to popular shows such as "NCIS" and "The Big Bang
Theory", said revenue fell 2 percent to $3.52 billion.
(Reporting by Laharee Chatterjee in Bengaluru; Editing by Anil