CBS qr3q 05

Viacom reported strong third quarter 2005 results with revenues up 10% to $5.9 billion and operating income up 5% to $1.4 billion. Advertising revenues grew 9% overall led by gains of 17% at cable networks and 7% at television. Diluted earnings per share increased 12% to $0.47. Nearly all segments saw revenue growth including cable networks up 15%, entertainment up 54%, and radio and outdoor also higher. Operating income increased at cable networks, radio, outdoor, entertainment and parks/publishing. The company remains on track to meet full year guidance of mid-single digit growth in revenues and operating income and high-single digit growth in earnings per share.