CBS Corp reported strong first-quarter earnings as it rang up blockbuster advertising sales and improved profit margins in each of its business segments. The company, home to the most-watched U.S. broadcast network with hit shows such as “The Big Bang Theory,” reported on Tuesday first quarter earnings of $202 million, or 29 cents a share. That compares to a loss of $26 million, or 4 cents a share, in the year-earlier period when it took restructuring and other charges. Revenue fell slightly to $3.51 billion, down less than 1 percent, hurt by comparisons to last year’s first quarter when it broadcast the Super Bowl.
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