CBS 4Q revenue beats expectations on higher ad sales

February 12, 2015 11:15 PM

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The owner of television's top-rated network has been reducing its reliance on the volatile advertising market. But that ad market worked to its favor during the quarter, helped by "Thursday Night Football" broadcasts and political ad revenue during the midterm elections.

Still, the company continues to seek higher fees from cable, satellite and Internet video providers like Netflix, who are seeking the right to show popular series such as "The Big Bang Theory," "The Good Wife" and "Dexter."

Also read: Hillary Clinton's Popular Vote Lead Over Donald Trump Now Exceeds 2.3 Million

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