(Reuters) - CBS Corp, owner of the most-watched U.S. television network, reported a 2 percent rise in quarterly revenue, driven by higher distribution revenue from licensing its television shows.
However, net income from continuing operations slid to $72 million, or 13 cents per share, in the third quarter ended Sept 30, from $431 million, or 70 cents per share, a year earlier.
The company's cost rose as it spent more on television programing, including NFL games.
Revenue rose to $3.37 billion from $3.30 billion.
(Reporting By Lehar Maan in Bangalore; Editing by Joyjeet Das)