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Stock Market & Financial Investment News

News Breaks
February 13, 2014
06:48 EDTCBSCBS price target raised to $75 from $65 at Piper Jaffray
Piper Jaffray raised its price target for CBS shares to $75 citing the company's large share buyback and strong retrans revenue guidance. Piper says CBS remains one of its favorite large cap names with an Overweight rating.
News For CBS From The Last 14 Days
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August 21, 2014
06:20 EDTCBSCBS seeking bigger share of pay-television revenue from affiliates, WSJ reports
CBS last week stripped an Indianapolis station of its affiliation due to a fee disagreement as it seeks a bigger share of pay-television revenue, reports the Wall Street Journal. The Indianapolis station's owner LIN Media (LIN) was set to be acquired by Media General (MEG) for $1.6B this year, but Media General cut its acquisition price Wednesday by 7%, or more than $100M, with the move from CBS cited as one of the reasons. According to Gabelli & Co., the lack of a CBS affiliation may cost the statio tens of millions of dollars in annual revenue to decline. Reference Link
August 20, 2014
07:33 EDTCBSCBS management to meet with Needham
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August 15, 2014
06:03 EDTCBSCBS, Cumulus, MDC oversold after Q2 results, says Piper Jaffray
Piper Jaffray says ad-related stocks CBS (CBS), Cumulus Media (CMLS) and MDC Partners (MDCA) are oversold following the Q2 reporting season. Piper expects the ad market to turn around in Q3 and accelerate in Q4.
August 14, 2014
17:16 EDTCBSPaulson & Co gives quarterly update on stakes
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09:07 EDTCBSMorgan Stanley to hold a conference
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August 11, 2014
10:03 EDTCBSCBS, Tribune renew existing affiliation agreements
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