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News Breaks | | | | May 1, 2012 | | 13:34 EDT |  | CBS | Earnings 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. | |
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News For CBS From The Last 14 Days Check below for free stories on CBS the last two weeks. |
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| May 16, 2013 | | 09:09 EDT |  | CBS | CC Media, CW announce broadcast agreement for iHeartRadio events
 Subscribe for More Information | | | May 15, 2013 | | 17:09 EDT | | CBS | Greenlight gives quarterly update on stakes
NEW STAKES: Oil States International (OIS), Hess (HES), Spirit (SPR), IAC/InterActiveCorp (IACI), and Capital Bank (CBF). INCREASED STAKES: Apple (AAPL). DECREASED STAKES: Microsoft (MSFT), Seagate (STX), Delphi (DLPH), CBS (CBS), and Computer Sciences (CSC). LIQUIDATED STAKES: Ensco (ESV), Xerox (XRX), Yahoo (YHOO), NVR (NVR), and Google (GOOG). | | | 10:49 EDT |  | CBS | Senator questions TV broadcasters' free spectrum rights, The Hill says
Democratic Senator Mark Warner questioned whether broadcast stations that pull their programming off the air should be able to keep using spectrum for free, The Hill reported yesterday. A number of TV networks have threatened to broadcast only on cable and satellite in response to the launch of Aereo. The latter service uses stations' over the air signals to send programming to consumers' Internet devices. Reference Link | | | May 14, 2013 | | 10:01 EDT |  | CBS | On The Fly: Analyst Initiation Summary
Subscribe for More Information | | | 06:28 EDT | | CBS | CBS initiated with an Outperform at BMO Capital
Subscribe for More Information | | | May 8, 2013 | | 10:11 EDT |  | CBS | CBS management to meet with Needham
Subscribe for More Information | | | May 6, 2013 | | 12:30 EDT | | CBS | Aereo asks court to block CBS from suit in additional markets, Reuters reports
Aereo has filed a complaint against CBS in Manhattan federal court in a move to prevent the network from filing additional lawsuits in markets where it plans to expand, Reuters reports. Aereo's complaint is a response to threats made by CBS to sue the company "in any jurisdiction where it makes its technology available to consumers." Reference Link | | | 07:21 EDT | | CBS | CBS in talks to atke full ownership of TVGuide.com, Deadline Hollywood says
According to Deadline Hollywood, CBS Corp (CBS) is in the process of taking full ownership of TVGuide.com just a month after buying 50% of TV Guide, which encompasses TVGN and TVGuide.com. The publication says CBS is in talks with Lionsgate (LGF) about buying its half of TVGuide.com, which has been valued at about $20M. DirecTV (DTV) had reportedly been in talks to acquire TVGuide.com, but talks did not amount to a deal. Reference Link | |
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