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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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July 30, 2014
14:20 EDTCBSDispute delays "Big Bang Theory" production, Hollywood Reporter says
The three stars of the hit TV show "The Big Bang Theory" have not yet come to terms on a new contract with the producer of the show, Time Warner's (TWX) Warner Bros. Television, according to The Hollywood Reporter. As a result, production of the new season of the show has been delayed, The Hollywood Reporter quoted a source at Warner Bros. Television as saying. Reference Link
July 18, 2014
12:21 EDTCBSCable ad upfront volumes may drop 4% or more, WSJ says
Two of the U.S.'s biggest marketers, Procter & Gamble (PG) and General Motors (GM), have pulled back on their TV network advertising commitments in advance of the "upfront" selling season for cable networks, said The Wall Street Journal, citing people familiar with the matter. The overall volume of ad dollars committed to cable networks during the upfront, which is still under way, could be down 4% or more from last year, people familiar with the situation said. Notable owners of cable television stations include 21st Century Fox (FOXA), Time Warner (TWX), Disney (DIS), CBS (CBS), Comcast (CMCSA), Discovery (DISCA), Viacom (VIAB), and AMC Networks (AMCX). The report added that cutbacks partly reflect a shift of tv ad budgets to digital media, including online video. Google (GOOG) has a large presence in online video with YouTube and Facebook (FB) is taking steps to grow in the area. Reference Link
08:21 EDTCBSTime Warner merger could change Warner Bros. spot in tv landscape, WSJ says
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07:05 EDTCBSCBS CEO says will examine CNN if Time Warner puts up for sale, Reuters says
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July 17, 2014
08:42 EDTCBSCBS, Yahoo among potential CNN buyers if Time Warner divests, WSJ says
If Time Warner (TWX) were to divest CNN, which has been raised as a possiblity given the interest in Time Warner expressed by Fox News owner 21st Century Fox (FOXA), the "long list of potential buyers" would include CBS (CBS), Yahoo (YHOO) and Bloomberg LP, said The Wall Street Journal, citing media analysts and executives. Reference Link
July 16, 2014
16:34 EDTCBSCBS Outdoor completes separation from CBS and REIT conversion
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12:26 EDTCBSOn The Fly: Midday Wrap
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11:45 EDTCBSMedia stocks rally after Time Warner rejects Fox bid
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07:30 EDTCBSTime Warner turned down $80B offer from 21st Century Fox, NYT says
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05:58 EDTCBSCBS CEO says 'willing to talk' to Aereo, VentureBeat reports
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