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Earnings

November 07, 1986

New York-based Loews Corp., CBS Inc.'s largest shareholder, reporter its third-quarter net income dropped 28%, despite a 23.5% revenue gain, compared to the same period a year ago. Loews, which also has interests in hotels, tobacco, watches and insurance, said that in the 1985 period the firm had a large gain from the sale of its movie theaters. Loews owns a 24.9% stake in CBS.

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