CBS CRACKS ITS HUNT FOR REVENUE

CBS last night reported a sharp rise in profit and revenue, reaping the benefits of new distribution deals and higher spending by advertisers on national television campaigns. CBS, whose namesake network has hit shows such as “NCIS” and “CSI” (pictured) said second-quarter profit rose to $395m (£220m), or 58 cents a share, up from $150m. Revenue rose eight per cent to $3.59m.