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Stock Market & Financial Investment News

News Breaks
January 15, 2014
09:02 EDTCBSCBS initiated with a Buy at Nomura
Target $75.
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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