UPDATE 2-CBS posts better-than-expected quarterly profit

* Q3 rev $3.35 bln vs Street view $3.19 bln

* Q3 Adj EPS $0.25 vs Street view $0.22

* Shares down 1.6 percent in post market

(Adds details on divisions)

NEW YORK, Nov 5 (Reuters) - CBS Corp (CBS.N) reported better-than-expected quarterly earnings on Thursday, as its television business received a boost from the sale of hit shows like "Criminal Minds" and "Medium" into syndication.

While those sales helped lift its TV business, the company's advertising revenue remained under pressure. Its digital, radio and outdoor divisions all posted drops in revenue.

CBS is particularly vulnerable to advertising, with about 65 percent of its revenue typically coming from it. But Chief Executive Les Moonves, in a conference call, said he saw better trends in both the economy and advertising. He affirmed the company's full year profit outlook.

"We have been telling you that the second half of the year would be better than the first and today's results bear that out," he said.

CBS, home to the top rated TV broadcast network, reported net earnings of $207.6 million, or 30 cents a share, compared with a loss of $12.46 billion, or $18.58 a share, a year ago, when it wrote down billions of dollars in assets.

Adjusted for items, CBS reported earnings of 25 cents a share, compared with analyst expectations for 22 cents a share, according to Thomson Reuters I/B/E/S.

Revenue fell to $3.35 billion in the third quarter from $3.38 billion in the period a year ago. That compares with analyst estimates of $3.19 billion.

CBS shares were down 1.6 percent in aftermarket trading. Ahead of the results, CBS shares closed up 7.5 percent at $12.79 on the New York Stock Exchange. (Reporting by Paul Thomasch; editing by Tim Dobbyn and Andre Grenon)