Local broadcasting revenues, which include both television and radio stations, were $787 million compared to $721 million for the same quarter last year, an increase of 9%. The company as a whole reported $3.7 billion in revenues for the quarter, a slight increase of 2% from the year-ago quarter.

“CBS has turned in another quarter of exceptional performance, capping off another terrific year,” CBS corporation executive chairman Sumner Redstone said in a statement. “Our results today speak to the strength of our strategy — producing and distributing great content and monetizing it over and over again.”

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Deadline reported competition was said to be fierce among networks vying for the daytime show executive produced by Queen Latifah, Will Smith and Jada Pinkett Smith among others.

Shortly after the dust settled on this fall’s syndicated daytime talk show launches that failed to produce a breakout hit, Sony TV began conversations with station groups about the Queen Latifah talker, garnering interest from multiples places. I hear negotiations went down to the wire with the CBS and NBC station groups.

• Related, TVNewser: Hurricane News Dump: Anderson Cooper’s Talk Show Not Getting Renewed For Third Season continued…

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