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Stock Market & Financial Investment News

News Breaks
February 14, 2013
18:18 EDTCBSCBS CEO Moonves: We had our best Q4 ever in all profit measures
On CBS' (CBS) Q4 earnings conference call, CEO Les Moonves said, "We had our best fourth quarter ever in all profit measures, including OIBDA, operating income and EPS. Our sources of high-margin growth are hitting on all cylinders, and as a result we are driving earnings like never before. 2013 is going to be an even better year with significant growth in retrans, reverse compensation, digital streaming, and domestic and international syndication." Moonves said the company was looking at significantly higher retrans revenue for 2013, and it was ahead of its target of reaching $1B in revenue from retrans by 2017, possibly sooner. He noted that the syndication pipeline remains very robust, and expects 2013 to be a "tremendous year."
News For CBS From The Last 14 Days
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May 28, 2015
07:23 EDTCBSBig four networks aim to own more of their programs, WSJ reports
The percentage of shows that the big four television networks own or have a stake in has risen in recent years as owning shows has become a priority due to lucrative rerun and cross platform rights, said The Wall Street Journal. Walt Disney’s (DIS) ABC will own or have a stake in almost 70% of its coming schedule, compared with 48% in 2010, while Fox (FOXA), CBS (CBS) and Comcast’s (CMCSA) NBC will also own or have stakes in the majority of their lineups' shows, the report noted. Reference Link
May 27, 2015
13:22 EDTCBSCBS CEO says hasn't looked at bidding for soccer rights
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13:18 EDTCBSMoonves says 'nobody surprised' by Charter deal for Time Warner Cable
Moonves said he expects Charter's (CHTR) proposed purchase of Time Warner Cable (TWC) will face less regulatory challenge than the proposed Comcast (CMCSA) deal for TWC did. CBS (CBS) CEO Les Moonves is speaking on CNBC.
13:14 EDTCBSCBS CEO says 'not objecting' to Verizon 'skinny bundle' plans
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13:13 EDTCBSCBS CEO says in early talks with Apple on inclusion in Apple TV offering
CBS (CBS) CEO Les Moonves is speaking on CNBC.
13:12 EDTCBSCBS says network will 'probably' sign up for Apple TV service, TechCrunch says
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