SAN FRANCISCO (AP) — CBS Corp.'s earnings growth accelerated during the fourth-quarter as advertisers spent more broadcasting their commercials during last year's U.S. political campaigns and holiday shopping season.
The results released Wednesday provided the latest sign that advertisers are increasing their television and radio marketing budgets as they feel more confident about the U.S. economy's recovery from the Great Recession. Advertising also has been rising in most other media but newspapers.
CBS, based in New York, serves as a barometer of advertising sentiment because it runs the top-rated television network and owns 28 local TV stations and 130 radio …
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