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                            <title><![CDATA[ Latest from Next TV in Nfl-super-bowl ]]></title>
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                                    <lastBuildDate>Tue, 03 May 2016 21:45:00 +0000</lastBuildDate>
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                                                            <title><![CDATA[ Boosted by NFL and Broadcast, CBS Has Record Q1 ]]></title>
                                                                                                                                                                                                <link>https://www.nexttv.com/news/boosted-nfl-and-broadcast-cbs-has-record-q1-404661</link>
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                            <![CDATA[ Boosted by NFL and Broadcast, CBS Has Record Q1 ]]>
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                                                                                                                    <dc:creator><![CDATA[ Mike Farrell ]]></dc:creator>                                                                                                                                                                                                                                                                                            <content:encoded >
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                                <p>Revenue rose 10% to $3.85 billion at CBS in the first quarter, fueled by ad gains from the Super Bowl and an additional National Football League game at its broadcast network.</p><p>One additional NFL game in the quarter and Super Bowl 50 helped push the broadcaster into its best first quarter ever revenue-wise. Overall advertising revenue was up 31% and rose 49% at the network, while operating income increased 14%. Affiliate and subscription fee revenue was up 15%, driven by a 42% increase in retransmission consent.</p><p>At the entertainment division, which includes the CBS Television network and the CBS Television studios among its assets, revenue increased 14% to $2.59 billion.</p><p>At the cable properties, which includes CBS Sports, Showtime and Smithsonian Networks, revenue declined 2.6% to $525 million from $539 million in the prior year, which included a one-time benefit from a multiyear licensing agreement with Bell Media in Canada. Operating income at the cable networks was down 9.2% to $228 million from $251 million in the prior year, reflecting lower international licensing revenue and incremental costs associated with the 2016 series premiere of <em>Billions</em> on Showtime.</p><p>“CBS delivered a spectacular quarter as we continue to execute on our strategy of creating and distributing the content that audiences have to have,” chairman and CEO Les Moonves said in a statement.</p>
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