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CBS’s Recent Acquisition and International Business

CBS’s Recent Acquisition and International Business

In a bid to expand its global footprint across English-speaking regions, CBS (CBS) completed its acquisition of Network Ten, one of the leading commercial broadcast operators in Australia. The deal could help CBS boost its international revenues. In 3Q17, CBS’s international business grew 12% YoY (year-over-year), compared with the 11% growth it achieved in 3Q16.