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Stock Market & Financial Investment News

News Breaks
May 1, 2012
13:34 EDTCBSEarnings preview: Advertising trends will be scrutinized in CBS's Q1
CBS (CBS) is expected to report Q1 earnings after the market close on Tuesday, May 1 with a conference call scheduled for 4:30pm ET. Analysts are looking for EPS of 44c on revenue of $3.78B. The consensus range is 38c-48c for EPS, and $3.69B-$3.89B for revenue, according to First Call. Positives for the media company's quarter may be seen coming from political ad spending. At an industry conference in late February, CEO Les Moonves said Q1 advertising trends are "good," substantially better than Q4. Revenue boosts may be also seen coming from from digital streaming and retransmission. A possible negative for the quarter may be seen from a slowdown in economic growth and any impact that has on corporate advertising spending. On April 9, Citigroup downgraded CBS to Neutral from Buy citing valuation and kept a $35 price target for the stock. On April 18, JPMorgan raised its estimates for CBS, citing steady ad trends and contributions from non-advertising streams. The firm expects the company to report solid Q1 results and raised its price target for shares to $38 from $35.
News For CBS From The Last 14 Days
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December 19, 2014
07:42 EDTCBSEPAM, WisdomTree added to Franchise Pick list at Jefferies
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December 16, 2014
08:29 EDTCBSComcast to launch online live stream of NBC, WSJ reports
Comcast's (CMCSA) NBC is launching a live stream of its broadcast network online today and plans for it to be available on mobile platforms early next year, but NBC does not plan to sell a separate online version without requiring a pay-TV subscription, unlike peers CBS (CBS) and Time Warner’s (TWX) HBO, said The Wall Street Journal. Reference Link
December 12, 2014
06:17 EDTCBSTime Warner CEO talks potential mergers in media space, NY Post reports
Time Warner CEO Jeff Bewkes discussed the potential of a merger with CBS (CBS) and Viacom (VIA) at yesterday's DealBook conference, New York Post reports. Bewkes said, "They may want to be a merger partner for somebody or maybe even for themselves."Reference Link
December 11, 2014
15:29 EDTCBSCBS extends contract with CEO Moonves through June 2019
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06:24 EDTCBSDISH plans to leave broadcast channels out of basic online TV package, WSJ says
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December 9, 2014
15:03 EDTCBSDiscovery Communications rises after CEO sees outperforming U.S. peers
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06:48 EDTCBSAnalysts say Netflix undermining TV ad revenue, NY Times reports
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December 8, 2014
10:00 EDTCBSOn The Fly: Analyst Initiation Summary
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07:23 EDTCBSUBS to hold a conference
42nd Annual Global Media & Communications Conference is being held in New York on December 8-10 with webcasted company presentations to begin on December 8 at 8 am; not all presentations may be webcasted. Webcast Link
December 7, 2014
12:26 EDTCBSCBS, DISH reach content carriage agreement
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