CBS Receives Boost From Content Deals

NEW YORK ( TheStreet) -- CBS ( CBS) reported on Thursday that its second-quarter profit more than doubled, boosted by its new content deals and an increase in advertising on its networks.

During the quarter, the media conglomerate earned $395 million, or 58 cents a share, on revenue of $3.59 billion. Wall Street was calling for a profit of 45 cents on revenue of $3.55 billion.

Over the past several weeks, CBS has struck up a partnership with Amazon to provide streaming content to its Prime video services, as well as with Netflix's international units.

-- Reported by Jeanine Poggi in New York.

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