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News Breaks | | | | February 14, 2013 | | 13:01 EDT |  | CBS | Earnings Preview: REIT spin-off plans put CBS near all-time high into Q4 report
CBS (CBS) is set to report Q4 earnings after the market closes on Thursday, February 14, with a conference call scheduled for 4:30 pm ET. CBS is a media company that operates entertainment, cable networks, publishing, local broadcasting, and outdoor segments... EXPECTATIONS: Analysts are looking for EPS of 69c on revenue of $3.79B, according to First Call. The consensus range for EPS is 65c-75c, on revenue of $3.7B-$3.96B... LAST QUARTER: CBS reported Q3 adjusted EPS of 65c against estimates for 61c, on revenue of $3.42B against estimates for $3.49B. On January 16, CBS announced that it will seek to convert its Outdoor Americas advertising unit into a real estate investment trust, or REIT. Following the news, shares of CBS surged over 7% to all-time highs. Earlier this week, CBS announced a content licensing agreement with Amazon (AMZN) that expanded the amount of CBS content that would be available for streaming via Amazon's Prime Instant Video Service... STREET RESEARCH: Street Research has been generally positive on CBS, with the company's plan to spin-off its Outdoor Americas unit into a REIT getting a broad and positive reception on the Street. Following the January announcement for its REIT spin-off plans, at least three firms raised their price target on CBS. Wedbush also upgraded the stock to Outperform from Neutral, following the REIT spin-off plans, raising its price target on shares to $50 from $36. On January 23, Wells Fargo reduced its Q4 EPS estimate for CBS, citing lower on demand and political revenue, though the firm maintained its Outperform rating on the stock... PRICE ACTION: Shares of CBS have gained more than 24% since the company's Q3 report. Shares of CBS are trading down about 0.5% in early afternoon trading ahead of its Q4 report. | |
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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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