Moonves: Ad recovery for CBS is well under way

02/19/2010 | Reuters

CBS reported $3.5 billion in fourth-quarter revenue, meeting analysts' expectations. The company said a continued upswing in local TV ads would bring more positive news for 2010. "National advertising is up and we're seeing pacing levels at or up well above last year in just about every local TV and radio market," CBS chief executive Les Moonves said.

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