5/3 – CBS Radio Up Slightly in 1st Qtr

CEO Les Moonves says first quarter brought an “exceptionally strong” start to 2011 for CBS. That includes a 4% increase in CBS Radio revenue. The company says it saw growth in automotive, retail and financial services advertising. The CBS Radio clusters also increased market share. Overall CBS revenue slipped fractionally, largely due to comparisons to the previous year when CBS-TV aired the Super Bowl.

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